SCRGF Stratic Energy Corp featured news, full reports, and detailed charts
Stratic Energy Corp (SCRGF/SCRGF.PK) Wrap Up:
Stratic Energy Corporation engages in the appraisal, development, and production of petroleum and natural gas discoveries in the United Kingdom, Italy, Turkey, Syria, and the Netherlands sectors of the North Sea. It owns 17.25% and 19.00% interests in the West Don and Crawford oil fields in the United Kingdom sector of the North Sea (UKCS); 48% interest in the Horizon West oil discovery in the Netherlands sector of the North Sea; the Longanesi gas field in Italy; and additional gas discoveries offshore Turkey. The company also has interests in the Breagh gas, the Cairngorm oil, and the Bowmore condensate discoveries in the UKCS region. As of December 31, 2007, its net proved and probable res...Stratic Energy Corp (SCRGF:OTC)
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Market Cap
48.7M
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Total Revenue
11.5M
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EBITDA
5.1M
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DILUTED EPS TTM
-0.16
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P/E
--
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P/S
4.2x
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Return On Asset
-6.77
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Return On Equity
-32.47
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| K = Thousands M = Millions B = Billions | ||
SCRGF Top Compensated Officers
Executives, Board Directors
Key developments for Stratic Energy Corp (SCRGF)
Stratic Energy Corp. announced that it has commenced drilling operations at the Al Tayr-101 well on the Jebel Nasrani prospect located in Block XVII in the Palmyride Basin of south west Syria. The well was spudded with an AMAK rig on 7 October 2009. Stratic has a 35% interest in Block XVII and is operator of the block which covers an area of approximately 5,050 square kilometers. The Al Tayr-101 exploration well is targeting Triassic Kurrachine carbonates, which are the main gas bearing reservoirs in the gas fields to the north of this area. The well is estimated to take 80 days to drill to a total depth of approximately 3,000 meters. The Jebel Nasrani prospect is one of eight prospects that have been identified in Block XVII from a seismic work program that included the acquisition of 1,105 kilometers of new seismic data and the reprocessing of approximately 1,500 kilometers of legacy seismic data.
Stratic Energy Corp. announced that operator TPAO, Turkiye Petrolleri Anonim Ortakligi, the Turkish National Oil Company commenced drilling operations on the Bati Ayazli-1 exploration well in the South Akcakoca Sub basin located in the Black Sea, offshore Turkey. The well commenced operations with the Grup Servicii Petroliere `Saturn rig' on October 6, 2009. Stratic has a 12.25% interest in this well. The Bati Ayazli-1 exploration well is located to the west of the currently producing Ayazli gas field. This exploration well is targeting on trend additional potential at the reservoir level seen at the Ayazli field and is also targeting a deeper exploration objective. Operations to total depth are estimated to take approximately 49 days.
Stratic Energy Corp. reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported oil and gas sales revenues in the UK and Turkey was $7.0 million against $2.5 million in the same period of last year, with production of 1,372 boepd against 477 boepd in the same period of last year. Net loss was $8.4 million against $6.5 million in the same period of last year. Capital expenditure was $14.4 million mainly on West Don Development against $7.9 million in the same period of last year.
SCRGF Competitors
| Company | Last | Change |
| Antrim Energy Inc | C$1.22 CAD | +0.02 |
| Mart Resources Inc | C$0.10 CAD | 0.00 |
| Petroceltic International | €0.18 EUR | +0.005 |
| ROC Oil Company Ltd | A$0.68 AUD | -0.005 |
| VAALCO Energy Inc | $4.19 USD | -0.15 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SCRGF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.2x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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SCRGF |
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SCRGF transactions
| Type Date |
Target |
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Merger/Acquisition
November 5, 2009 |
Stratic Energy Corporation, Italian Business |
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Merger/Acquisition
July 22, 2009 |
Breagh North Sea Field |
