Twin Butte Energy Company Profile - Aug 10, 2011

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Twin Butte Energy  Company Profile - Aug 10, 2011 Powered By Docstoc
					Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   Twin Butte Energy Ltd
                                                                                         440 Wheelers Farms Road
                                                                                         Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in Canadian Dollars

                                 Wright Quality Rating:CBNN                                   Key Data

   Twin Butte Energy Ltd. (Twin Butte) is a Canada-based oil and gas exploration and          Ticker:
   production company. The Company is engaged in the acquisition of, exploration for,         TBE
   and development of petroleum and natural gas properties in Western Canada. During
   the year ended December 31, 2010, Twin Butte drilled 88 gross (51.1 net) wells. Its        2010 Sales:
   core areas include Frog Lake and Princess. Frog Lake is a conventional heavy oil play
                                                                                              81,142,456
   that is delivering recycle rates of approximately four times, where the Company has
   identified in excess of 500 drill ready locations identified with geology and the use of
   three dimensional seismic. The Eastern Plains includes its Princess, Bruce and Esther      Major Industry:
   areas. These are all oil plays targeting the Pekisko, Lloydminster and Viking Zones.       Oil, Gas, Coal & Related
   On December 1, 2010, Twin But purchased producing petroleum and natural gas                Services
   assets in Western Alberta.
                        Stock Chart                                  Officers                 Sub Industry:
                                                                    Chairman                  Exploration, Drilling Service
                                                                David M. Fitzpatrick          & Equip

                                                           President & Chief Executive Country:
                                                                 James Saunders        Canada

                                                                                              Currency:
                                                                                              Canadian Dollars

                                                                                              Fiscal Year Ends:
                                                                                              December

                                                                                              Employees
                                                                                              42

                                                                                              Exchanges:
                                                                                              TOR

              Stock Price (8/5/2011): 2.16                                             
				
DOCUMENT INFO
Description: Twin Butte Energy Ltd. (Twin Butte) is a Canada-based oil and gas exploration and production company. The Company is engaged in the acquisition of, exploration for, and development of petroleum and natural gas properties in Western Canada. During the year ended December 31, 2010, Twin Butte drilled 88 gross (51.1 net) wells. Its core areas include Frog Lake and Princess. Frog Lake is a conventional heavy oil play that is delivering recycle rates of approximately four times, where the Company has identified in excess of 500 drill ready locations identified with geology and the use of three dimensional seismic. The Eastern Plains includes its Princess, Bruce and Esther areas. These are all oil plays targeting the Pekisko, Lloydminster and Viking Zones. On December 1, 2010, Twin But purchased producing petroleum and natural gas assets in Western Alberta.
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