EYTC Energytec Inc., featured news, reports, and EYTC.PK charts.
Energytec Inc. (EYTC/EYTC.PK) Business Summary:
Energytec, Inc. engages in the acquisition, exploration, and development of oil and gas properties in the United States. It owns working interest in approximately 60,701 acres of oil and gas leases comprising 108 gross producing wells and 343 gross nonproducing wells in Texas and Wyoming. The company also owns a gas pipeline of approximately 63 miles in Texas; and provides contract drilling and well operation services to third parties, as well as engages in the sale and distribution of oil recovery chemicals and materials related to well operation services. As of December 31, 2006, it had total proved reserves of 943,497 barrels of oil, condensate, and natural gas liquids; and 356,075 thousa...Energytec Inc. (EYTC:OTC)
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Market Cap
278.0K
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Total Revenue
6.5M
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EBITDA
10.6M
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DILUTED EPS TTM
-0.20
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P/E
--
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P/S
0.0x
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Return On Asset
-18.21
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Return On Equity
-59.53
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| K = Thousands M = Millions B = Billions | ||
EYTC Details
Energytec, Inc. engages in the acquisition, exploration, and development of oil and gas properties in the United States. It owns working interest in approximately 60,701 acres of oil and gas leases comprising 108 gross producing wells and 343 gross nonproducing wells in Texas and Wyoming. The company also owns a gas pipeline of approximately 63 miles in Texas; and provides contract drilling and well operation services to third parties, as well as engages in the sale and distribution of oil recovery chemicals and materials related to well operation services. As of December 31, 2006, it had total proved reserves of 943,497 barrels of oil, condensate, and natural gas liquids; and 356,075 thousa...
EYTC Top Compensated Officers
Executives, Board Directors
Key developments for Energytec Inc. (EYTC)
The Securities and Exchange Commission filed a settled civil action in Dallas federal court against Don L. Lambert, the former CEO of Energytec Inc., charging that in various filings with the SEC, Lambert made materially false and misleading statements, and omitted material information, concerning his biography and background. In its complaint, the Commission charges that Lambert, when he was hired by the company, failed to disclose his prior federal securities fraud conviction, his multiple bankruptcies, and that he had forfeited his Texas law license to avoid being disbarred. The complaint further alleges that Lambert provided false information about his employment history. As a result, the Commission charges that the biographical summaries in its Commission filings omitted this material information, and included false information. The complaint also charges that, after he became CEO, Lambert certified Commission filings by Energytec that continued to omit material information and contained false information about his background. The SEC's complaint alleges that Lambert violated Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 13a-14 thereunder. The complaint also alleges that Lambert aided and abetted Energytec's violations of Section 13(a) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-11 thereunder. Without admitting or denying the allegations in the Commission's complaint, Lambert consented to the entry of a final judgment permanently enjoining him from violating these provisions, imposing an officer and director bar, and ordering him to pay a civil penalty of $50,000.
Energytec Inc. and certain of its officers and directors violated federal securities and commerce laws by operating a scheme to defraud investors by selling them unregistered securities involving working interests in oil and gas leases. The sale was allegedly facilitated through unregistered broker-dealers through the interstate mail. The plaintiffs further allege that in order to carry out the scheme, the Energytec defendants made numerous false and misleading oral and written statements regarding Energytec's holdings and business prospects.
On 11/14/2007, Energytec Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
EYTC Competitors
| Company | Last | Change |
| American Oil & Gas Inc | $0.90 USD | +0.06 |
| Aurora Oil and Gas Corp | $0.05 USD | +0.0049 |
| Gasco Energy Inc | $0.45 USD | +0.01 |
| Tengasco Inc | $0.51 USD | +0.01 |
| Teton Energy Corp | $0.42 USD | +0.037 |
| View Industry Companies | ||
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | EYTC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.0x |
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| Price/Book | 0.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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EYTC |
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EYTC transactions
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Target | |
| No transactions in the last 6 months. | ||
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