See more : Fositek Corp. (6805.TW) Income Statement Analysis – Financial Results
Complete financial analysis of Canadian Overseas Petroleum Limited (VELXF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Canadian Overseas Petroleum Limited, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Canadian Overseas Petroleum Limited (VELXF)
About Canadian Overseas Petroleum Limited
Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. Its Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. The company is headquartered in Calgary, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.86M | 2.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 185.11K | 6.00K | 4.78K | 0.00 | 38.15K | 23.86K | 0.00 | 0.00 |
| Cost of Revenue | 8.57M | 5.58M | 70.00K | 37.00K | 20.00K | 22.00K | 40.00K | 59.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 6.29M | -3.18M | -70.00K | -37.00K | -20.00K | -22.00K | -40.00K | -59.00K | 0.00 | 0.00 | 0.00 | 185.11K | 6.00K | 4.78K | 0.00 | 38.15K | 23.86K | 0.00 | 0.00 |
| Gross Profit Ratio | 42.30% | -132.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 0.00% | 100.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 11.86M | 8.30M | 4.13M | 3.93M | 4.94M | 4.87M | 7.28M | 6.51M | 6.19M | 8.79M | 8.87M | 14.60M | 8.83M | 3.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 11.86M | 8.30M | 4.13M | 3.93M | 4.94M | 4.87M | 7.28M | 6.51M | 6.19M | 8.79M | 8.87M | 14.60M | 8.83M | 3.06M | 93.45K | 718.63K | 519.38K | 191.46K | 15.51K |
| Other Expenses | -13.63M | -1.88M | 0.00 | 0.00 | 744.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 21.39M | 13.01M | 4.56M | 3.93M | 5.43M | 4.90M | 8.60M | 6.51M | 6.24M | 8.78M | 17.42M | 16.25M | 8.84M | 3.06M | 93.45K | 6.74M | 572.32K | 191.46K | 15.51K |
| Cost & Expenses | 29.97M | 18.59M | 4.63M | 3.97M | 5.45M | 4.90M | 8.64M | 6.56M | 6.24M | 8.78M | 17.42M | 16.25M | 8.84M | 3.06M | 93.45K | 6.74M | 572.32K | 191.46K | 15.51K |
| Interest Income | 389.00K | 152.00K | 0.00 | 2.00K | 11.00K | 9.00K | 26.00K | 41.00K | 27.57K | 23.48K | 57.30K | 580.80K | 17.00K | 32.47K | 14.51K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 8.13M | 6.06M | 372.00K | 3.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.06K | 39.18K | 460.93K | 21.01K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 5.07M | 3.68M | 70.00K | 37.00K | 20.00K | 22.00K | 40.00K | 59.00K | 58.58K | 59.17K | 54.28K | 29.38K | 11.00K | 955.02 | 0.00 | 8.92K | 5.45K | 0.00 | 0.00 |
| EBITDA | 3.18M | 219.05K | -4.79M | -4.02M | -5.16M | -5.43M | -7.19M | -5.99M | -6.24M | -8.70M | -17.31M | -15.45M | -8.81M | -3.02M | -78.94K | -6.69M | -543.00K | -191.46K | -15.51K |
| EBITDA Ratio | -199.99% | -551.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -8,348.15% | -146,833.33% | -63,320.00% | 0.00% | -17,534.31% | -2,275.32% | 0.00% | 0.00% |
| Operating Income | -34.79M | -16.90M | -4.62M | -3.97M | -5.28M | -20.91M | -8.64M | -6.56M | -7.34M | -9.28M | -56.91M | -53.21M | -8.88M | -3.06M | -78.94K | -6.70M | -548.45K | -191.46K | -15.51K |
| Operating Income Ratio | -234.15% | -704.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,744.44% | -147,950.00% | -64,040.00% | 0.00% | -17,557.69% | -2,298.16% | 0.00% | 0.00% |
| Total Other Income/Expenses | -30.33M | 3.37M | -100.10K | 140.22K | 258.92K | -14.69M | 469.98K | -121.00K | 1.18M | 755.09K | -26.14K | 880.51K | -443.93K | 11.46K | 774.78K | -169.74K | -47.49K | 0.00 | 0.00 |
| Income Before Tax | -45.44M | -13.54M | -4.96M | -3.92M | -4.92M | -20.15M | -6.76M | -6.69M | -6.16M | -8.52M | -56.93M | -52.33M | -9.32M | -3.05M | 695.84K | -6.87M | -595.95K | 0.00 | 0.00 |
| Income Before Tax Ratio | -305.82% | -564.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,268.78% | -155,350.00% | -63,800.00% | 0.00% | -18,002.60% | -2,497.17% | 0.00% | 0.00% |
| Income Tax Expense | -5.50M | 6.06M | 226.00K | 2.00K | 164.00K | 15.18M | -1.96M | -608.00K | -84.42K | 0.00 | 11.06K | 39.18K | 460.93K | 21.01K | 0.00 | -129.57K | -108.54K | 157.29K | 13.32K |
| Net Income | -45.44M | -13.54M | -4.96M | -3.92M | -4.92M | -20.15M | -6.76M | -6.69M | -6.16M | -8.52M | -56.93M | -52.33M | -9.32M | -3.05M | 695.84K | -6.74M | -487.40K | -157.29K | -13.32K |
| Net Income Ratio | -305.82% | -564.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,268.78% | -155,350.00% | -63,800.00% | 0.00% | -17,662.97% | -2,042.34% | 0.00% | 0.00% |
| EPS | -0.15 | -0.09 | -0.12 | -0.13 | -0.27 | -1.95 | -1.19 | -1.52 | -1.69 | -2.82 | -20.05 | -20.34 | -31.82 | -18.57 | 6.57 | -91.01 | -12.39 | -10.39 | -8.68 |
| EPS Diluted | -0.15 | -0.09 | -0.12 | -0.13 | -0.27 | -1.95 | -1.19 | -1.52 | -1.69 | -2.82 | -20.05 | -20.34 | -31.82 | -18.57 | 6.57 | -91.01 | -12.39 | -10.39 | -8.68 |
| Weighted Avg Shares Out | 303.21M | 145.59M | 41.08M | 29.29M | 18.42M | 10.32M | 5.67M | 4.41M | 3.65M | 3.02M | 2.84M | 2.57M | 292.90K | 164.02K | 112.09K | 74.05K | 39.33K | 15.14K | 1.53K |
| Weighted Avg Shares Out (Dil) | 303.21M | 145.59M | 41.08M | 29.29M | 18.42M | 10.32M | 5.67M | 4.41M | 3.65M | 3.02M | 2.84M | 2.57M | 292.90K | 164.02K | 112.09K | 74.05K | 39.33K | 15.14K | 1.53K |
Canadian Overseas Petroleum tumbles on covenant warning
Canadian Overseas Petroleum Ltd (COPL) has warned it needs to raise new funds by the end of March after disruption to its Wyoming and Barron Flats Shannon unit (BFSU) operations hit production at the start of 2023. BFSU production only re-started on...
Canadian Overseas Petroleum reports first production from Wyoming site
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) has announced the first oil production from the Frontier 1 sands at its Cole Creek Unit in Wyoming. COPL added it is the first successful Frontier 1 completion at Cole Creek since it was...
Canadian Overseas Petroleum says chief executive buys 1mln shares
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) said its president and chief executive Arthur Millholland bought 1mln shares in the company this week on the Canadian Stock Exchange. Millholland bought 100,000 shares for $0.19 each on August 23 and 900,000 shares...
Canadian Overseas Petroleum says independent report underlines the significant potential of Wyoming oil discovery
An independent resource report underlines the ‘significant potential of our fantastic Wyoming asset', according to Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP). Compiled by consultancy Ryder Scott, the document confirms the deep discovery has total original...
Canadian Overseas Petroleum to boost US business as Cuda deal is set to close
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) told investors that its acquisition of further oil-producing assets in Wyoming is expected to close today. Picking up Cuda Energy, which is partnered with COPL in assets, will see the company's interests in three...
Canadian Overseas Petroleum first quarter production maintained as Cuda deal progresses
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXD) reported first-quarter net oil sales of 1,114 barrels of oil per day, consistent with the preceding three months, whilst sales values rose amidst rising prices. The company said it generated US$7.1mln of petroleum sales...
COPL raises US$13mln through placing
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXD) has raised US$13mln through a bookbuild placing at 20p per share, around a 15% discount to yesterday's close. Each new share comes with half a warrant exercisable at 24p (for a whole warrant)...
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