TOPLF Trans-Orient Petroleum Ltd. featured news, full reports, and detailed charts
Trans-Orient Petroleum Ltd. (TOPLF/TOPLF.OB) Wrap Up:
Trans-Orient Petroleum, Ltd., an independent exploration stage company, engages in the exploration, development, and production of oil and gas in New Zealand and Papua New Guinea. It owns 100% in two onshore petroleum exploration permits, including PEP 38348 and PEP 38349, which consist of 2,163,902 net acres of land located in the East Coast Basin of New Zealand. Trans-Orient Petroleum, through its subsidiaries, provides management, accounting, legal, and reporting services to oil and gas companies. The company was founded in 1986. It was formerly known as Palo Duro Exploration, Ltd. and changed its name to Stoney Creek Mines, Ltd. in 1988; to Cyn-Tech Ventures, Ltd. in 1992. Further, the c...Trans-Orient Petroleum Ltd (TOPLF:OTC Bulletin Board Market)
Snapshot of Trans-Orient Petroleum Ltd (TOPLF)
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OPEN
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PREVIOUS CLOSE
$0.31
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/12/09 - $0.65
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52 WEEK LOW
03/10/09 - $0.08
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MARKET CAP
11.3M
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AVERAGE VOLUME 3 mo
1.5K
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DILUTED EPS TTM
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SHARES OUTSTANDING
36.6M
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TOPLF Does Not Pay Dividends
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P/E TTM
NM
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TOPLF Top Compensated Officers
Executives, Board Directors
Key developments for Trans-Orient Petroleum Ltd (TOPLF)
Trans-Orient Petroleum Ltd. announced that the company has completed the first-stage 487m (1,600 ft) section of the Boar Hill-1 wildcat well located in the East Coast Basin of New Zealand's North Island. Boar Hill-1 was drilled in two stages in order to provide critical information for the deeper section of the Boar Hill-1 well, and to avoid any potentially problematic surface drilling. The Boar Hill structure is located within the 100% controlled, 1.6 million-acre Petroleum Exploration Permit 38349, and was originally defined by the New Zealand Geological Survey in 1938. Planning is now underway to drill the main Boar Hill-1 well to fully penetrate the underlying Waipawa Black Shale and Whangai Formation fractured oil-shale source-rocks at an anticipated depth of 1600m (5,250 ft). The company further reports that planning is underway to drill three shallow test wells in order to gather stratigraphic core data in and around the historical Waitangi Hill shallow oil discovery. Drilling in the early part of the last century (1912) reported production of high-quality (500 API) crude oil from a depth of approximately 200m (650 ft). During recent Trans-Orient fieldwork, live oil was observed at the surface in the Waitangi-1 well bore. This oil was analyzed and results indicate the oil was generated from the underlying Whangai Formation, which is both a source-rock and fractured shale reservoir target. The results of these wells will provide further data to assess the potential of both conventional and unconventional exploration in this area. Waitangi Hill is located in the 530,000-acre Petroleum Exploration Permit 38348 in the East Coast Basin and is 100% controlled by the company.
Trans-Orient Petroleum Ltd., Annual General Meeting, Dec 09, 2009 Location: Suite 1100-888 Dunsmuir, St. Vancouver, British Columbia,Canada.
Trans-Orient Petroleum Ltd. announced that in order to facilitate restructuring of their expanded operations in New Zealand, Drew Cadenhead has resigned as Chief Operating Officer of Trans-Orient and relocate from its head office in Vancouver, B.C. to New Zealand to provide ongoing technical support. Trans-Orient also announces that Mr. Carlos Kazianis will be promoted to New Zealand Operations Manager.
TOPLF Competitors
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Industry Analysis
| Valuation | TOPLF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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TOPLF transactions
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Merger/Acquisition
September 14, 2009 |
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Merger/Acquisition
July 15, 2009 |
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