NSEFF Northern Sun Exploration Co Inc featured news, full reports, and detailed charts
Northern Sun Exploration Co Inc (NSEFF/NSEFF.PK) Wrap Up:
Northern Sun Exploration Company, Inc. engages in the acquisition, exploration, and development of oil and gas properties in Western Canada and the Northwest Territories. The company, formerly Shabute Ventures, Inc., was incorporated in 1975 and is headquartered in Vancouver, Canada.Northern Sun Exploration Co Inc (NSEFF:Pink OTC Markets Inc)
Snapshot of Northern Sun Exploration Co Inc (NSEFF)
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OPEN
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PREVIOUS CLOSE
$0.0010
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
01/6/09 - $0.03
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52 WEEK LOW
11/20/08 - $0.0009
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MARKET CAP
110.0K
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
110.0M
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NSEFF Does Not Pay Dividends
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P/E TTM
NM
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NSEFF Top Compensated Officers
Executives, Board Directors
Key developments for Northern Sun Exploration Co Inc (NSEFF)
Effective June 26, 2009, Northern Sun Exploration Co. Inc. primary exchange listing changed to (NEX board: NSE.H) from (TSXV: NSE).
In accordance with TSX Venture Policy 2.5, Northern Sun Exploration Co. Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective June 26, 2009, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of June 26, 2009, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from NSE to NSE.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the Exchange Bulletin dated March 6, 2009, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
Northern Sun Exploration Co. Inc. announced that it has completed the initial testing of the eight exploration wells from its December 2007 drilling program. After a comprehensive testing period, the company reported that six of the eight exploration test wells look to be economic, and once the wells have been tied in, the exploration program will have added 102 bbls of oil equivalent per day. The company's 50% working interest 1-23-87-6-W6M, 2 250 metre multi-zone test well is producing oil and liquids from the Gething zone, as the deeper zones proved to be uneconomic. The well is being carefully managed to optimize a gas and oil/liquids production rate and minimize the water cut. The well is currently producing 10 BOE per day and has been equipped to inject water for disposal in the deeper zones. The water disposal into the deeper zones will commence when the operator has received regulatory approval which should be granted before the end of June 2008. The oil well is currently producing 19 degree API oil at a rate of 6-10 BOE per day.
NSEFF Competitors
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Industry Analysis
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NSEFF transactions
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Private Placement
September 29, 2009 |
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Merger/Acquisition
September 29, 2009 |
Oil and Gas Properties in Alberta and Saskatchewan |
