Overview
Derek Oil & Gas knows its way around the derricks. The company explores for, acquires, and develops oil and gas properties in the US. Instead of searching for undeveloped properties, the company uses new recovery technologies to recover oil resources from existing oil and gas reservoirs. The company holds an indirect interest in the 8,000-acre LAK Ranch Project in the Powder River Basin of eastern Wyoming. It is developing the project in collaboration with
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Read More Ivanhoe Energy. The reservoir is expected to contain more than 190 million barrels of oil. The company was founded in 1981 as Cove Energy Corporation and changed its name to Derek Oil & Gas in 2003.
Read Less
Read More Ivanhoe Energy. The reservoir is expected to contain more than 190 million barrels of oil. The company was founded in 1981 as Cove Energy Corporation and changed its name to Derek Oil & Gas in 2003.
Read Less
Doug Bellinger
See more contacts
Support Activities for Mining
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Oil and Gas Extraction
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Mining, Quarrying, and Oil and Gas Extraction
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Oil and gas exploration services
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Crude petroleum production
See All Industries Natural gas production
See Fewer Industries
See All Industries Natural gas production
See Fewer Industries
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Actual
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Actual
$11.66 million
Actual
-2.03%
$20
MAR
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TSX Vent:MTLO
Contacts
Get in Touch with 12 Principals* and 15 Contacts
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Doug BellingerChief Operating Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of March 31, 2024 (12 month period) in USD
Annual Revenue 2024
$11.66 million
USD
Actual
1 USD = 1.3524 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$0 | -$4 | -$3 |
| Net Investing Cash | -$0 | $0 | -$0 |
| Net Financing Cash | $4 | $1 | $1 |
| Net Change in Cash | $4 | -$2 | -$3 |
| Cash at Beginning of Period | $2 | $4 | $6 |
| Cash at End of Period | $6 | $2 | $4 |
| Capital Expenditure | -$0 | -$0 | -$0 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6 | $2 | $4 |
| Accounts Receivable | $3 | $3 | $3 |
| Inventories | $0 | $0 | $0 |
| Other Current Assets | $1 | $2 | $2 |
| Asset Summary | |||
| Total Current Assets | $9 | $7 | $8 |
| Tangible Fixed Assets | $0 | $1 | $1 |
| Intangible Assets | $6 | $7 | $8 |
| Total Assets | $21 | $20 | $42 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $0 | $1 | $0 |
| Short-Term Debt | $ | $6 | $0 |
| Other Current Liabilities | $6 | $6 | $6 |
| Liability Summary | |||
| Total Current Liabilities | $6 | $13 | $7 |
| Long-Term Debt | $7 | $1 | $7 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $15 | $16 | $16 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $44 | $39 | $36 |
| Retained Earnings | -$48 | -$44 | -$25 |
| Equity Summary | |||
| Total Equity | $1 | -$1 | $15 |
| Shares Outstanding | 543,707,430 | 392,707,430 | 326,707,430 |