공시 • 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. 공시 • 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. 공시 • 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. 공시 • 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. 공시 • 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). 공시 • 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. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$702k free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$9.8m). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (€6.79m market cap, or US$7.35m). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Significant insider selling over the past 3 months (€81k sold). Revenue is less than US$5m (CA$2.9m revenue, or US$2.1m). 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). 공시 • 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 (27% average weekly change). Negative equity (-CA$9.1m). Market cap is less than US$10m (€3.35m 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 (€81k sold). Revenue is less than US$5m (CA$2.5m revenue, or US$1.8m). Recent Insider Transactions • May 16
Independent Director recently sold €81k worth of stock On the 13th of May, Stephen Charles Watts sold around 2m shares on-market at roughly €0.054 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 €81k 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). Reported Earnings • Nov 01
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). 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). New Risk • Jun 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$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). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$8.0m). Earnings have declined by 74% per year over the past 5 years. Market cap is less than US$10m (€2.10m market cap, or US$2.29m). 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). 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). 공시 • 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. Board Change • Dec 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. Board Change • Sep 09
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.