NWOOF Norwood Resources Ltd featured news, full reports, and detailed charts
Norwood Resources Ltd (NWOOF/NWOOF.PK) Wrap Up:
Norwood Resources Ltd. engages in the acquisition, exploration, and development of oil and gas projects in Nicaragua and Texas. It holds interests in the Nicaragua Project comprising 3,260 square kilometers located onshore on the Pacific coast of Nicaragua in Central America; and the Bigfoot prospect, an undeveloped natural gas prospect consisting of approximately 5,000 acres located in south Texas. The company is headquartered in Vancouver, Canada.Norwood Resources Ltd (NWOOF:Pink OTC Markets Inc)
Snapshot of Norwood Resources Ltd (NWOOF)
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OPEN
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PREVIOUS CLOSE
$0.09
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/15/09 - $0.27
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52 WEEK LOW
03/3/09 - $0.03
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MARKET CAP
9.3M
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AVERAGE VOLUME 3 mo
20.0K
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DILUTED EPS TTM
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SHARES OUTSTANDING
103.6M
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NWOOF Does Not Pay Dividends
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P/E TTM
NM
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NWOOF Top Compensated Officers
Executives, Board Directors
Key developments for Norwood Resources Ltd (NWOOF)
Norwood Resources Ltd. announced that drilling of the San Bartolo 1-X (SB-1X) sidetrack well has commenced on the INDOKLANICSA concession in Nicaragua. The purpose of the sidetrack is to test certain hydrocarbon bearing reservoir zones, which were identified during the drilling of the original San Bartolo 1 well in 2007. The sidetrack well will exit the San Bartolo-1 well bore at 5,560' and drill approximately 1,440' at a northeasterly azimuth to a measured depth of 7,000' achieving an inclination of about 20° and a distance of approximately 200' from the original wellbore. Petrophysical analysis from the San Bartolo-1 well suggests the sidetrack will transect 143 feet of oil-bearing reservoir target zones. The well will be drilled underbalanced to permit fluid inflow as the reservoir targets are penetrated. A highly inhibited polymer drilling fluid will be used to minimize damage to reservoir mineralogy. An open-hole testing program is planned with a gas lift system to produce any moveable hydrocarbons encountered in the drilling and completion phases.
Norwood Resources Ltd. announced that drilling of the San Bartolo 1-X (SB-1X) sidetrack well has commenced on the INDOKLANICSA concession in Nicaragua. The purpose of the sidetrack is to test certain hydrocarbon bearing reservoir zones, which were identified during the drilling of the original San Bartolo 1 well in 2007. The sidetrack well will exit the San Bartolo-1 well bore at 5560' and drill approximately 1440' at a northeasterly azimuth to a measured depth of 7000' achieving an inclination of about 20 degrees and a distance of approximately 200' from the original wellbore. Petrophysical analysis from the San Bartolo-1 well suggests the sidetrack will transect 143 feet of oil-bearing reservoir target zones. The well will be drilled underbalanced to permit fluid inflow as the reservoir targets are penetrated. A highly inhibited polymer drilling fluid will be used to minimize damage to reservoir mineralogy. An open-hole testing program is planned with a gas lift system to produce any moveable hydrocarbons encountered in the drilling and completion phases.
Norwood Resources Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss and comprehensive loss of CAD 778,111 or CAD 0.01 per basic and diluted share compared to net loss and comprehensive loss of CAD 1,513,288 or CAD 0.02 per basic and diluted share for the same period a year ago. The company reported cash used in operating activities of CAD 375,514 and acquisition of equipment of CAD 16,591 compared to cash used in operating activities of CAD 522,176 and acquisition of equipment of CAD 208,107 for the same period a year ago. For the six months, the company reported net loss and comprehensive loss of CAD 3,296,651 or CAD 0.03 per basic and diluted share compared to net loss and comprehensive loss of CAD 2,680,613 or CAD 0.03 per basic and diluted share for the same period a year ago. The company reported cash used in operating activities of CAD 1,133,885 and acquisition of equipment of CAD 38,405 compared to cash used in operating activities of CAD 2,503,418 and acquisition of equipment of CAD 1,964,593 for the same period a year ago.
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Industry Analysis
| Valuation | NWOOF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
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NWOOF transactions
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Private Placement
July 15, 2009 |
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