Annuncio • Dec 24
Altima Energy Inc Appoints Michael Bouvier as Director Altima Energy Inc. would like to announce the appointment of Mr. Michael Bouvier to the Board of Directors. Mr. Bouvier has over 30 years of experience in the oil and gas sector and over the span of his career has negotiated over $1 Billion worth of transactions. Mike spent 18 years with Encana and its predecessor, Pan Canadian Petroleum in accounting and land, then evolved to a role as senior land negotiator, which was a role he also performed for Prairie Sky Royalty. Mike was also a founding member and Vice President of Forge Oil and Gas, which was founded in 2015 and was sold in 2021. New Risk • Aug 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$11m). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported November 2024 fiscal period end). Revenue is less than US$5m (CA$3.3m revenue, or US$2.4m). Market cap is less than US$100m (CA$68.6m market cap, or US$49.7m). New Risk • Aug 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Negative equity (-CA$11m). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$3.3m revenue, or US$2.4m). Market cap is less than US$100m (CA$70.2m market cap, or US$51.0m). Annuncio • Aug 08
Altima Energy Inc. announced that it has received CAD 5.5 million in funding On August 7, 2025, Altima Energy Inc. closed the transaction. The company announced that it has issued 20,000,000 Units at a price of CAD 0.275 per Unit for gross proceeds of CAD 5,500,000. Each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of 2 years from the date of issuance at a price of CAD 0.40 per share. The transaction has been approved by the TSX Venture Exchange and Closing of the Financing remains subject to receipt of final acceptance from the Exchange. Certain eligible finders (the “Finders”) were paid in connection with the Financing in accordance with policies of the Exchange to a total of CAD 174,128 and a total of 633,194 Finders’ warrants. Each Finder’s warrant is exercisable to acquire one common share of the Company at CAD 0.40 per share for a period of two (2) years. No Directors or Officers have subscribed in the Financing. All securities issued pursuant to the Financing will be subject to statutory hold periods expiring no earlier than December 7, 2025. Annuncio • Jul 09
Altima Energy Inc. announced that it expects to receive CAD 5.5 million in funding Altima Energy Inc. announces a private placement to issue 20,000,000 Units at a price of CAD 0.275 per Unit for gross proceeds of CAD 5,500,000 on July 8, 2025. Each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of 2 years from the date of issuance at a price of CAD 0.40 per share. There may be finders’ fees in connection with the private placement in accordance with TSX Venture Exchange policies. New Risk • Feb 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.13m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-CA$11m). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (CA$13.1m market cap, or US$9.13m). Minor Risk Revenue is less than US$5m (CA$3.3m revenue, or US$2.3m). New Risk • Jan 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.2m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-CA$11m). Earnings have declined by 11% per year over the past 5 years. Minor Risks Revenue is less than US$5m (CA$3.3m revenue, or US$2.3m). Market cap is less than US$100m (CA$16.0m market cap, or US$11.1m). Reported Earnings • Jan 30
Third quarter 2025 earnings released: CA$0.019 loss per share (vs CA$0.004 loss in 3Q 2024) Third quarter 2025 results: CA$0.019 loss per share (further deteriorated from CA$0.004 loss in 3Q 2024). Revenue: CA$858.0k (down 6.7% from 3Q 2024). Net loss: CA$981.6k (loss widened 345% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 23
Altima Energy Inc Announces Board Changes Altima Energy Inc. announced the appointment of Mr. Ronald Hughes to the Board of Directors, taking the place of Jurgen Wolf, who has notified the Company of his desire to retire from active involvement. The Company wishes to graciously thank Mr. Wolf for his 19 years of service as director of the Company. Mr. Hughes has more than 30 years of experience in business development and investment markets. In 1997, Mr. Hughes joined Global Securities as a Licensed Investment Advisor providing investment analysis, equity trading and capital structure strategy to corporate finance. In 2001, he began his executive roles, first as President of TransAmerican Energy Inc., and currently serves on the boards of publicly traded companies in the United States and Canada. Altima welcomes Mr. Hughes on the Board of Directors. For clarification, the Company's Officers and Directors are currently comprised of the following: Joe DeVries, Interim President and Chief Executive Officer, and Director, Richard Barnett, Secretary, Chief Financial Officer and Director, Stephen Watts, Director, Ronald Hughes, Director. Annuncio • Jan 17
Altima Energy Inc. (TSXV:ARH) acquired Crown Petroleum and Natural Gas lease tracts. Altima Energy Inc. (TSXV:ARH) acquired Crown Petroleum and Natural Gas lease tracts on January 15, 2025.
Altima Energy Inc. (TSXV:ARH) completed the acquisition of Crown Petroleum and Natural Gas lease tracts on January 15, 2025. Reported Earnings • Nov 01
Second quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.003 loss in 2Q 2024) Second quarter 2025 results: CA$0.002 loss per share (improved from CA$0.003 loss in 2Q 2024). Revenue: CA$881.0k (up 13% from 2Q 2024). Net loss: CA$104.0k (loss narrowed 39% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 30
Full year 2024 earnings released: CA$0.041 loss per share (vs CA$0.006 loss in FY 2023) Full year 2024 results: CA$0.041 loss per share (further deteriorated from CA$0.006 loss in FY 2023). Revenue: CA$2.94m (up 98% from FY 2023). Net loss: CA$2.04m (loss widened CA$1.77m from FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 30
Altima Resources Ltd. (TSXV:ARH) acquired Primrose Drilling Venture Ltd. for CAD 1.1 million. Altima Resources Ltd. (TSXV:ARH) acquired Primrose Drilling Venture Ltd. for CAD 1.1 million recently. Annuncio • Jun 13
Altima Resources Ltd., Annual General Meeting, Aug 09, 2024 Altima Resources Ltd., Annual General Meeting, Aug 09, 2024. Location: british columbia, vancouver Canada New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-CA$9.1m). Market cap is less than US$10m (CA$4.97m market cap, or US$3.63m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Significant insider selling over the past 3 months (CA$120k sold). Revenue is less than US$5m (CA$2.5m revenue, or US$1.8m). Recent Insider Transactions • May 16
Independent Director recently sold CA$120k worth of stock On the 13th of May, Stephen Charles Watts sold around 2m shares on-market at roughly CA$0.08 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$119k more than they bought in the last 12 months. Reported Earnings • Jan 30
Third quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.01 loss in 3Q 2023) Third quarter 2024 results: CA$0.004 loss per share (improved from CA$0.01 loss in 3Q 2023). Revenue: CA$919.9k (up 204% from 3Q 2023). Net loss: CA$220.5k (loss narrowed 55% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Nov 02
Second quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.015 loss in 2Q 2023) Second quarter 2024 results: CA$0.003 loss per share (improved from CA$0.015 loss in 2Q 2023). Revenue: CA$777.5k (up 103% from 2Q 2023). Net loss: CA$171.4k (loss narrowed 68% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
First quarter 2024 earnings released: CA$0.015 loss per share (vs CA$0.012 loss in 1Q 2023) First quarter 2024 results: CA$0.015 loss per share (further deteriorated from CA$0.012 loss in 1Q 2023). Revenue: CA$375.0k (down 8.1% from 1Q 2023). Net loss: CA$724.4k (loss widened 79% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$955k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$955k free cash flow). Negative equity (-CA$8.0m). Earnings have declined by 74% per year over the past 5 years. Market cap is less than US$10m (CA$2.27m market cap, or US$1.71m). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (CA$1.5m revenue, or US$1.1m). Reported Earnings • Jun 30
Full year 2023 earnings released: CA$0.006 loss per share (vs CA$0.11 loss in FY 2022) Full year 2023 results: CA$0.006 loss per share (improved from CA$0.11 loss in FY 2022). Revenue: CA$1.48m (down 22% from FY 2022). Net loss: CA$271.3k (loss narrowed 93% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Jun 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 01
Third quarter 2023 earnings released: CA$0.037 loss per share (vs CA$0.027 loss in 3Q 2022) Third quarter 2023 results: CA$0.037 loss per share (further deteriorated from CA$0.027 loss in 3Q 2022). Revenue: CA$1.09m (down 29% from 3Q 2022). Net loss: CA$1.42m (loss widened 52% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annuncio • Jan 19
Altima Resources Ltd. Provides Update on Red Earth Area Wells and Pipeline Transfer Altima Resources Ltd. announced that the Company has successfully closed on the acquisition and transfer of a key pipeline (the Pipeline) in the Company's core oil producing area of Red Earth Alberta (the North Panny Field). The 9.2 kilometers Pipeline ties the Company's central battery at 3-8-96-5 W5M in the Blue Sky Resources processing facility at 3-11-96-6 W5M. Altima holds an average Working Interest of 81% in seven (7) wells (the Wells) in the North Panny Field, three (3) Wells are located in Twp. 95, Rge. 5 W5M, three (3) Wells in Twp.96, Rge. 4W5M and one (1) well is located in Twp. 96, Rge. 5 W5M. These Wells are long life assets with a combined production of approximately 115 bopd. The Company has initiated the process of sequentially placing these Wells back into production, which are connected to the Altima 8-3 central battery and flow through the Pipeline to the 3-11 Blue Sky processing facility and market hub. The new Pipeline will provide the Company sustainable, year-round production capability from the North Panny Field. With the Company greatly reducing its operating costs through the acquisition of the Pipeline, Altima will complete an evaluation for on-stream potential with (5) five additional wells (the Expansion Wells) also located in North Panny Field to determine the feasibility of working over, tying in and/or the re-completion of the Expansion Wells for additional production. The Expansion Wells are expected to have a combined initial production of approximately 40 bopd. One of the Expansion Wells is slotted as a potential water disposal well to further decrease operation costs. Annuncio • Dec 03
Altima Resources Ltd. announced that it has received CAD 0.5 million in funding On December 2, 2022, Altima Resources Ltd. closed the transaction. the company issued 3,900,000 units at an issue price of CAD 0.05 per unit for proceeds of CAD $195,000 in its second and final tranche closing. The company paid CAD 7,200 as cash and 144,000 compensation warrants were issued as part of finders fee in connection with this second and final tranche closing. The securities issued in the transaction are subject to a hold period expiring April 2, 2023. The second tranche is subject to further review and approval by the TSX Venture Exchange. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 26
Altima Resources Ltd. announced that it expects to receive CAD 0.5 million in funding Altima Resources Ltd. announced a private placement of 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 500,000 on August 25, 2022. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of one year from the date of issuance at a price of CAD 0.075 per share. There are no insiders participating in the financing. The transaction is subject to acceptance by the TSX Venture Exchange. There may be finders' fees in connection with the private placement in accordance with TSX Venture Exchange policies. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 09
Altima Resources Ltd. announced that it has received CAD 0.3 million in funding On June 8, 2022, Altima Resources Ltd. closed the transaction. The transaction included participation from two Insiders directly and/or indirectly subscribed for a total of 2,800,000 units from the financing, and accordingly those related parties may acquire up to an additional 2,781,769 common shares. All of these shares will be subject to a hold period under applicable Canadian securities laws expiring on October 8, 2022. The company received acceptance from the TSX Venture Exchange to close the private placement. Annuncio • May 26
Altima Resources Ltd. announced that it expects to receive CAD 0.3 million in funding Altima Resources Ltd. announced private placement of 6,000,000 units at a price of CAD 0.05 per unit for the gross proceeds CAD 300,000 on May 26, 2022. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share exercisable for a period of two years from the date of issuance at a price of CAD 0.075 per share. The offering is subject to the approval of the TSX Venture Exchange. Annuncio • May 07
Altima Resources Ltd., Annual General Meeting, Jul 04, 2022 Altima Resources Ltd., Annual General Meeting, Jul 04, 2022. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. CFO, Secretary & Director Rick Barnett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 01
Second quarter 2021 earnings released: CA$0.012 loss per share (vs CA$0.022 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: CA$370.4k (up CA$348.4k from 2Q 2020). Net loss: CA$421.3k (down 156% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 03
Full year 2020 earnings released: CA$0.008 loss per share (vs CA$0.031 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$596.8k (up CA$503.1k from FY 2019). Net loss: CA$267.3k (loss narrowed 75% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 02
Third quarter earnings released Over the last 12 months the company has reported total losses of CA$304.5k, with losses widening by 206% from the prior year. Annuncio • Jul 31
Altima Resources Ltd. (TSXV:ARH) completed the acquisition of Crimson Oil & Gas Ltd from Crimson Energy Ltd. Altima Resources Ltd. (TSXV:ARH) entered into an agreement to acquire Crimson Oil & Gas Ltd from Crimson Energy Ltd. for CAD 1.5 million on September 14, 2018. Altima Resources may settle the consideration at its discretion by the issuance of 15 million of its common shares. As of March 28, 2019, the agreement was amended and Altima Resources Ltd. will now pay as consideration the reduced sum of CAD 0.75 million in cash, with no common shares being proposed to be issued. The acquisition is subject to acceptance for filing by the TSX Venture Exchange and regulatory approvals.
Altima Resources Ltd. (TSXV:ARH) completed the acquisition of Crimson Oil & Gas Ltd from Crimson Energy Ltd. on April 1, 2020. As of March 31, 2020, as part of the consideration, Altima agreed to pay the sum of CAD 0.75 million by way of a promissory note due on or before November 30, 2020. 