OTC Bulletin Board
S & P Company Insight for |
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Profile
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| Business Summary: Exterra Energy Inc. engages in the exploration and production of oil and natural gas properties in Texas, the United States. As of May 31, 2008, it had total proved reserves of 28,690 barrels of oil and condensate, and 6.777 billion cubic feet of natural gas. | | | Address
1717 St. James Place, Suite 205
Houston
, TX 77056
Phone: 713-877-8847
Fax: 713-877-8848
Website: http://www.exterraenergyinc.com
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Moore & Associates
Las Vegas | | Transfer Agent |
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Holladay Stock Transfer, Inc.
| Employees: 1
ShareHolders: 358 | Founded: 2006
Domicile: Nevada | | | |
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Background
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| Exterra Energy Inc. engages in the exploration and production of oil and natural gas properties in Texas, the United States. As of May 31, 2008, it had total proved reserves of 28,690 barrels of oil and condensate, and 6.777 billion cubic feet of natural gas. The company, formerly known as Green Gold Incorporated, was founded in 2006 and is headquartered in Houston, Texas. | | History: INCORPORATED in Nevada Feb. 3, 2006, as Green Gold Inc.; name changed to Exterra Energy Inc. July 17, 2007. | | | | | | | | | |
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Management
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Management
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| Officers | Position |
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| Robert Royal | Chairman & Chief Executive Officer | | Todd R. Royal | President & Secretary |
| | Directors |
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| Ron Erickson | | Robert Royal | | Todd R. Royal | | Frank Simmen | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
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| REVENUE: |
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| | Oil and gas sales | $1,192,253 | $50,578 | | OPERATING EXPENSES: |
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| | Lease operating expenses | 841,430 | 108,935 | | Depreciation, depletion and accretion | 342,533 | 12,000 | | General and administrative | 8,430,203 | 533,799 | | Loss on sale of oil and gas property | 150,195 | -- | | Total Expenses | 9,764,361 | 654,734 | | LOSS FROM OPERATIONS | (8,572,108) | (604,156) | | OTHER EXPENSES: |
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| | Interest expense | (235,637) | (15,000) | | Total Other Expenses | (235,637) | (15,000) | | NET LOSS | $(8,807,745) | $(619,156) | | LOSS PER SHARE - BASIC AND DILUTED | $(0.43) | $(0.06) | | WEIGHTED AVERAGE NUMBER OF SHARES |
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| | OUTSTANDING - BASIC AND DILUTED | 20,384,021 | 10,747,000 |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| CURRENT ASSETS: |
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| | Cash and equivalents | $9,190 | $260,699 | | Oil and gas receivable | 295,107 | 17,555 | | Prepaid expenses | 11,327 | -- | | TOTAL CURRENT ASSETS | 315,624 | 278,254 | | OIL AND GAS PROPERTIES, net - successful efforts method | 16,073,653 | 588,000 | | OIL AND GAS PROPERTIES, unevaluated | 669,600 | -- | | VEHICLES, FURNITURE AND EQUIPMENT, net | 32,754 | -- | | OTHER ASSETS | 9,913 | -- | | TOTAL ASSETS | $17,101,544 | $866,254 | | CURRENT LIABILITIES: |
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| | Accounts payable and accrued expenses | $6,666,790 | $77,135 | | Oil and gas properties purchase note payable | 200,000 | 300,000 | | Other current notes | 837,234 | -- | | TOTAL CURRENT LIABILITIES | 7,704,024 | 377,135 | | NON-CURRENT LIABILITIES: |
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| | Asset retirement obligation | 214,660 | -- | | Notes payable | -- | 263,133 | | TOTAL LIABILITIES | 7,918,684 | 640,268 | | STOCKHOLDERS' EQUITY: |
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| | Common stock: $0.001 par value |
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| | 75,000,000 shares authorized: 27,765,786 |
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| | and 11,494,000 shares issued and outstanding, respectively | 27,766 | 11,494 | | Additional paid-in capital | 18,592,750 | 844,403 | | Accumulated deficit | (9,437,656) | (629,911) | | TOTAL STOCKHOLDERS' EQUITY | 9,182,860 | 225,986 | | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $17,101,544 | $866,254 | | The accompanying notes are an integral part of these financial statements |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 190,000 | | 2009 |
2 | 80,000 | | 2008 |
1 | 20,000 | | 2008 |
2 | 80,000 | | 2008 |
3 | 70,000 | | 2008 |
4 | 1,030,000 | | 2008 |
Full Year
| 1,190,000 | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | 30,000 | | 2007 |
4 | 20,000 | | 2007 |
Full Year
| 50,000 | | 2006 |
Full Year
| 50,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (480,000) | | 2009 |
2 | (1,580,000) | | 2008 |
1 | (620,000) | | 2008 |
2 | (5,280,000) | | 2008 |
3 | (2,640,000) | | 2008 |
4 | (260,000) | | 2008 |
Full Year
| (8,810,000) | | 2007 |
1 | 0 | | 2007 |
2 | (20,000) | | 2007 |
3 | (310,000) | | 2007 |
Full Year
| (620,000) | | 2006 |
Full Year
| (30,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (1.20) | | 2009 |
2 | (3.00) | | 2008 |
1 | (3.00) | | 2008 |
2 | (13.20) | | 2008 |
3 | (6.00) | | 2008 |
4 | (.60) | | 2008 |
Full Year
| (25.79) | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | (1.80) | | 2007 |
4 | (1.20) | | 2007 |
Full Year
| (3.60) | | 2006 |
Full Year
| (3.60) |
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Stock Data
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| | | Capitalization as of 08/31/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 75,000,000 | 29,774,054 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
05/31/2008,
358.
| | PRINCIPAL STOCKHOLDERS: September 30, 2008, Ray Ledesma owned or controlled 31.4% of the Common, and James D. Romano 5.0%. | | | |
Transfer Agent: Holladay Stock Transfer, Inc.
Scottsdale
, AZ | | | | OTC Bulletin Board( Primary): EENR | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 1.5000 | 0.0100 | | OTC Bulletin Board | 2007 | 1.2300 | 0.7500 |
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| | | | DIVIDENDS: Common $0.001 par: No cash. | | | | | |
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