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LPET Lions Petroleum, Inc. featured news, full reports, and detailed charts

Lions Petroleum, Inc. (LPET/LPET.PK) Wrap Up:

Lions Petroleum, Inc. engages in the exploration and development of oil and gas properties and hydrocarbon leases in Canada and the United States. It holds agreement to purchase a 17.5% working interest in Bennett prospect. The company has 5 Saskatchewan petroleum and natural gas leases representing approximately 452.83 hectares in the Williston basin located in southern Saskatchewan. It also has a purchase and sale agreement with Duna Resources, Ltd. to acquire hydrocarbon leases for approximately 1,295 hectares of undeveloped land located in the Wolverine shallow gas area of northwestern Alberta, Canada. The company, formerly Energy Visions, Inc., is based in Denver, Colorado.

Lions Petroleum, Inc. (LPET:OTC)

Market Cap
288.0K
Total Revenue
61.2K
EBITDA
539.0K
DILUTED EPS TTM
-0.04
P/E
--
P/S
4.7x
Return On Asset
-85.41
Return On Equity
-243.26
K = Thousands  M = Millions  B = Billions

LPET Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments for Lions Petroleum, Inc. (LPET)

Lions Petroleum Inc. Announces Management Changes

On July 6, 2009, Joseph Meuse was appointed to the Board of Directors as Director, and as President and Secretary of Lions Petroleum Inc. On the same date, Dale Paulson resigned from his position as Director and/or officer of the company. Joseph Meuse, age 39, has been involved with corporate restructuring since 1995. He is the Managing Member of Belmont Partners, LLC and previously was a Managing Partner of Castle Capital Partners.

Lions Petroleum Inc. Announces Executive Changes

Lions Petroleum Inc. reported that on December 19, 2008, the Board of Directors of the Company announced that Gordon L. Wiltse is no longer acting as President, CEO, CFO, Secretary and Director of the Company. Dale M. Paulson, who currently serves as a director of the Company, has been appointed as interim President, Secretary, CEO and CFO of the Company.

Lions Petroleum Inc. Auditor Raises 'Going Concern' Doubt

Lions Petroleum Inc. filed its 10KSB on February 20, 2008 for the period ending September 30, 2007. In this report its auditor, Chisholm, Bierwolf & Nilson, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

otc, otcbb, pinksheet, LPET, ob Lions Petroleum, Inc.

LPET Competitors

Company Last Change
American Oil & Gas Inc $2.91 USD +0.08
Credo Petroleum Corp $9.98 USD +0.18
Double Eagle Petroleum Co $4.54 USD +0.14
Gasco Energy Inc $0.45 USD -0.0203
Tengasco Inc $0.47 USD -0.0087
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation LPET Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.7x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 4.7x

LPET

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LPET transactions

Type
Date
Target
Merger/Acquisition
July 20, 2009
Bennett 1 and Bennett 2 Wells in Lavaca County, Texas
Merger/Acquisition
July 10, 2009
--
Merger/Acquisition
July 7, 2009
--

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