BNXR Brinx Resources Ltd. featured news, full reports, and detailed charts
Brinx Resources Ltd. (BNXR/BNXR.OB) Wrap Up:
Brinx Resources, Ltd. engages in the exploration, development, and production of oil and natural gas properties in the Oklahoma, Mississippi, and Louisiana. It also holds interests in undeveloped mineral properties in New Mexico. The company was founded in 1998 and is based in Albuquerque, New Mexico.www.brinxresources.com
1 Employees
Founded in 1998
Brinx Resources Ltd. (BNXR:OTC Bulletin Board Market)
LAST $0.21 USD
CHANGE TODAY -0.01 -4.55%
VOLUME 377.5K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Brinx Resources Ltd. (BNXR)
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OPEN
$0.23
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PREVIOUS CLOSE
$0.22
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DAY HIGH
$0.23
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DAY LOW
$0.20
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52 WEEK HIGH
11/17/09 - $0.40
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52 WEEK LOW
07/14/09 - $0.04
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MARKET CAP
5.2M
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AVERAGE VOLUME 3 mo
875.5K
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DILUTED EPS TTM
$0.01
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SHARES OUTSTANDING
24.5M
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BNXR Does Not Pay Dividends
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P/E TTM
15.9x
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BNXR Top Compensated Officers
Mr. Leroy Halterman
Principal Executive Officer, President, Secre...
Age: 62
Total Annual Compensation: $61.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Brinx Resources Ltd. (BNXR)
Brinx Resources Ltd. Appoints Kulwant Sandher as Its Chief Financial Officer, Effective October 30, 2009
11/4/2009
Brinx Resources Ltd. announced that effective October 30, 2009, the company appointed Kulwant Sandher as its Chief Financial Officer. Mr. Sandher, 47, has been the Chief Financial Officer and a director of Delta Oil & Gas Inc. since January 2007. From April 2006 to October 2008, Mr. Sandher acted as Chief Financial Officer and as a member of the board of directors of The Stallion Group. From May 2004 to March 2006, Mr. Sandher served as Chief Operating Officer and Chief Financial Officer of Marketrend Interactive Inc. He also acted as Chief Financial Officer of Serebra Learning Corporation, from September 1999 to October 2002.
Brinx Resources Ltd. Reports Completion of Fourth of Five Successful Wells in 2008-3 Oil and Gas Drilling Program
10/1/2009
Brinx Resources Ltd. reported that the fourth of five successful wells in the 2008-3 oil and gas drilling program has been completed as a flowing oil and gas well. The well was completed in mid May and is flowing at rates between 380 and 400 barrels of oil and 60 mcf of natural gas per day. After approximately four and one half months the well is still flowing at that same oil and gas production rates with no decrease in flowing pressures. As of the first of July this well had already produced enough oil and gas to pay back the cost of drilling and completing of this well. In addition to the zone that is producing several other prospective pay zones lie above or up the hole from the zone that is producing. It is possible that this well will have to be twined in the near future so that oil and gas within these zones can be produced. Targeted pay zones for various wells in the 2008-3 program include the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone. The recent drop in drilling and completing costs within the oil and gas sector has encouraged Brinx to resume its exploration activities. It is anticipated that the successful wells in this program combined with the previous program will lead to additional development wells that can be drilled when the market for oil and gas prices recover. These potential well locations and those that already have been identified on Brinx's other two prospects, both which are still producing economic quantities of oil and gas, should give Brinx ample locations to drill in the future and continue building the company.
Brinx Resources Ltd. Reports Earnings Results for the Third Quarter Ended July 31, 2009
09/21/2009
Brinx Resources Ltd. reported earnings results for the third quarter ended July 31, 2009. Net loss for the quarter was $117,988, down $470,748 net income for the same quarter the previous year.
BNXR Competitors
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Industry Analysis
| Valuation | BNXR | Industry Range |
| Price/Earnings | 15.6x |
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| Price/Sales | 54.5x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 10.3x |
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| TEV/Sales | 29.5x |
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BNXR transactions
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More Recent News About Brinx Resources Ltd.
More news for BNXR
Brinx Resources and Partners Initiate Drilling of Two More Wells at Successful 2009-3 Oklahoma Project
ALBUQUERQUE, NM--(Marketwire - 11/17/09) - Brinx Resources Ltd. (OTC.BB:BNXR - News) (the "Company" or "Brinx") is pleased to report that the drilling of two new wells at the 2009-3 Oklahoma Project has commenced. These two well locations were based on positive anomalies discovered by 3-D seismic surveys and will target the same pay zones encountered in the Company's successful 2008-3 wells and the 2009-3-1 well. As previously announced, the first of the three wells in 2009-3 Oklahoma Project drill program (2009-3-1) appears to have been a significant new discovery. Electric well logs and a drill stem test that flowed both oil and gas indicate the strong likelihood of another producing well for the Company. Logs also indicate that the well has as many as nine separate potential pay zones in three separate geological formations. The successful well from the 2008-3 program in the same area has been in production since May and has already produced over 65,000 barrels of oil and 7,400 mcf of gas."We are delighted by the initial success of our 2009-3 drill program," said Leroy Halterman, President of Brinx Resources. "All of the Oklahoma Project's well locations were targeted with modern 3-D seismic surveys and we are optimistic that our detailed geophysical analysis for the new wells will result in continued success for this program."It is anticipated that the new wells (2009-3-2 and 2009-3-3) will take approximately two to three weeks to reach total depth. They will target the same pay zones as the successful wells i...Click here to read the whole Article (external link)
Brinx Resources and Partners Make New Oil and Gas Discovery at 2009-3 Oklahoma Project
ALBUQUERQUE, NM--(Marketwire - 11/16/09) - Brinx Resources Ltd. (OTC.BB:BNXR - News) (the "Company" or "Brinx") is pleased to report that the first well of the 2009-3 Oklahoma Project drill program appears to be a significant new discovery. Electric well logs and a drill stem test that flowed both oil and gas, indicate the strong likelihood of another producing well for the Company. Logs also indicate that the well has as many as nine separate potential pay zones in three separate geological formations.The 2009-3-1 discovery is part of a three well program, and is located in the same geographic area as a highly successful well drilled in the 2008-3 program. That well was completed in mid-May and commenced flowing oil and gas at rates between 380 and 400 barrels of oil and 60 mcf of natural gas per day. After six months, the well from the 2008-3 program is still flowing at these same production rates with no decrease in flowing pressures. As of the first of November, the well had already produced over 65,000 barrels of oil and 7,400 mcf of gas."Early indications about this discovery are very positive," says President Leroy Halterman. "Adding another producing well and related reserves to the Company's portfolio is always a great accomplishment. The Company is obviously encouraged by these results and is very optimistic about the remaining wells in both the 2009-3 and 2009-2 programs."A workover rig will be mobilized to complete the 2009-3-1 well and perform any required treatments prior to final testing. F...Click here to read the whole Article (external link)
Brinx Resources Initiates New Drilling Programs at Oklahoma Projects
ALBUQUERQUE, NM--(Marketwire - 11/11/09) - Brinx Resources Ltd. (OTC.BB:BNXR - News) (the "Company" or "Brinx") is pleased to announce that it has commenced drilling on the new 2009-2 and 2009-3 oil and gas exploration programs at its Oklahoma Projects. The 2009-2 and 2009-3 drill programs are located in the same area as the Company's successful 2008-3 program and target numerous potential pay zones including the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone.The last well of the 2008-3 program commenced flowing oil and gas at rates between 380 and 400 barrels of oil and 60 mcf of natural gas per day. After six months, this well from the 2008-3 program is still flowing at these same production rates with no decrease in flowing pressures. As of the first of November, this well had already produced over 65,000 barrels of oil and 7,400 mcf of gas."Brinx is encouraged by the success of the 2008-3 program and as a result is optimistic about our current 2009 programs," says President Leroy Halterman. "The 2009 program's close proximity to the successful 2008-3 program is very positive insofar as that program resulted in four producing wells and greatly increased our understanding of the geology of the area."The 2009-2 and 2009-3 drill programs are part of Brinx's ongoing aggressive strategy of exploration and development activities. The success of the 2008-3 drilling program combined with land and production sales from previous programs has positioned the Company with ...Click here to read the whole Article (external link)
Brinx Resources Provides Corporate Update
ALBUQUERQUE, NM--(Marketwire - 11/09/09) - Brinx Resources Ltd. (OTC.BB:BNXR - News) (the "Company" or "Brinx") is pleased to provide this update outlining the recent corporate developments and near term prospects of the Company. Brinx Resources Ltd. is an exploration and production company focused on developing oil and gas resources both in the United States and internationally. The Company is currently producing oil and gas in both Oklahoma and Mississippi.In 2009, due to the drop in domestic drilling and completion costs within the oil and gas sector, Brinx resumed its aggressive exploration activities. Success in certain programs combined with sales from previous programs has allowed the Company to participate in additional exploration and drilling activity. At present, the Company has numerous potential well locations already identified in several of its projects giving Brinx ample locations to drill in the future and continue building the company."The Company's strong financial position and significant cash flow mean that Brinx is set to take full advantage of the numerous potential well locations that have been identified on our projects," says Brinx President, Leroy Halterman. "Furthermore, the Company continues to actively seek and negotiate new opportunities in order to further develop the Company and provide value to its shareholders."The Company is currently participating in oil and gas exploration, production and development in three distinct geographic regions: Oklahoma, Mississippi, and Calif...Click here to read the whole Article (external link)
BRINX RESOURCES LTD Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for BRINX RESOURCES LTD | Request a Trial to NEW EDGAR Online Pro Form 8-K for BRINX RESOURCES LTD 4-Nov-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
Brinx Resources Ltd., Last Well in the 2008-3 Program Completed
ALBUQUERQUE, NM--(Marketwire - 10/01/09) - Brinx Resources Ltd. (OTC.BB:BNXR - News) (the "Company" or "Brinx") is pleased to report that the fourth of five successful wells in the 2008-3 oil and gas drilling program has been completed as a flowing oil and gas well. The well was completed in mid May and is flowing at rates between 380 and 400 barrels of oil and 60 mcf of natural gas per day. After approximately four and one half months the well is still flowing at that same oil and gas production rates with no decrease in flowing pressures. As of the first of July this well had already produced enough oil and gas to pay back the cost of drilling and completing of this well.In addition to the zone that is producing several other prospective pay zones lie above or up the hole from the zone that is producing. It is possible that this well will have to be twined in the near future so that oil and gas within these zones can be produced. Targeted pay zones for various wells in the 2008-3 program include the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone.The recent drop in drilling and completing costs within the oil and gas sector has encouraged Brinx to resume its exploration activities. It is anticipated that the successful wells in this program combined with the previous program will lead to additional development wells that can be drilled when the market for oil and gas prices recover. These potential well locations and those that already have been identified on Brinx's o...Click here to read the whole Article (external link)
BRINX RESOURCES LTD Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
BRINX RESOURCES LTD Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview We are an independent oil and gas company engaged in exploration, development and production of oil and natural gas. As production of these products continues, they will be sold to purchasers in the immediate area where the products are extracted. Our original business plan was to proceed with the exploration of the Antelope Pass Project to determine whether there were commercially exploitable reserves of gold located on the property comprising the mineral claims. In 2005, we suspended our activities on the Antelope Pass Project indefinitely in order to focus on our oil and gas properties and we did not conduct any operations or exploration activities on the Antelope Pass Project during the nine-month period ended July 31, 2009 or during the fiscal years ended October 31, 2008, 2007 and 2006. At the time of this report, we do not know when or if we will proceed with the Antelope Pass Project. Our plan of operations is to continue to produce commercial quantities of oil and gas and to drill new exploratory and development wells and re-entries to test the oil and gas productive capabilities of our oil and gas properties. Oil and Gas Properties "Bbl" is defined herein to mean one stock tank barrel, or 42 U.S. gallons liquid volume, used in reference to oil or other liquid hydrocarbons. "Mcf" is defined herein to mean one thousand cubic feet of natural gas at standard atmospheric conditions. "Working interest" is defined herein to mean an interest in an oil and gas lease that gives the owner of the interest the right to drill for and produce oil and gas on the leased acreage and requires the owner to pay a share of the costs of drilling and production operations. The share of production to which a working interest owner is entitled will always be smaller than the share of costs that the working interes...Click here to read the whole Article (external link)
BRINX RESOURCES LTD Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview We are an independent oil and gas company engaged in exploration, development and production of oil and natural gas. As production of these products continues, they will be sold to purchasers in the immediate area where the products are extracted. Our original business plan was to proceed with the exploration of the Antelope Pass Project to determine whether there were commercially exploitable reserves of gold located on the property comprising the mineral claims. In 2005, we suspended our activities on the Antelope Pass Project indefinitely in order to focus on our oil and gas properties and we did not conduct any operations or exploration activities on the Antelope Pass Project during the six-month period ended April 30, 2009 or during the fiscal years ended October 31, 2008, 2007 and 2006. At the time of this report, we do not know when or if we will proceed with the Antelope Pass Project. Our plan of operations is to continue to produce commercial quantities of oil and gas and to drill new exploratory and development wells and re-entries to test the oil and gas productive capabilities of our oil and gas properties. Oil and Gas Properties "Bbl" is defined herein to mean one stock tank barrel, or 42 U.S. gallons liquid volume, used in reference to oil or other liquid hydrocarbons. "Mcf" is defined herein to mean one thousand cubic feet of natural gas at standard atmospheric conditions. "Working interest" is defined herein to mean an interest in an oil and gas lease that gives the owner of the interest the right to drill for and produce oil and gas on the leased acreage and requires the owner to pay a share of the costs of drilling and production operations. The share of production to which a working interest owner is entitled will always be smaller than the share of costs that the working i...Click here to read the whole Article (external link)
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