Oronova Energy Inc.
ONVRF
Other OTC0.05
USD
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- -
Return %
Stock
S&P500
1Y
- -
26.53
3Y
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76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Geir L. Liland
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 700 West Georgia Street Vancouver BC Canada V7Y 1B3
- IPO Date
- Dec 31, 2009
- Similar Companies
- Business
- Oronova Energy Inc. is a Canada-based junior resource company engaged in the acquisition, exploration, development, and production of oil and natural gas assets; it also pursues opportunities in precious metals exploration through strategic transactions. The company focuses on oil and gas projects including the Ocultun gas and condensate field in Guatemala's North Peten Basin, which produces approximately 850 barrels of condensate per day alongside associated natural gas from three wells, with proven plus probable reserves estimated at a pre-tax net present value of US$133.9 million discounted at 10%; operations historically involve processing sour gas for power generation markets and marketing condensate at premiums to WTI benchmarks following planned sweetening and facility upgrades. Incorporated in 1987 and headquartered at 595 Burrard Street in Vancouver, Canada, Oronova operates internationally with a primary emphasis on Central America and selective North American expansion. In November 2025, the company entered a definitive amalgamation agreement with First Mining Gold Corp. to acquire the high-grade Cameron Gold Project in Northwestern Ontario for C$27 million, structured via a three-cornered merger involving C$5 million cash, 80 million common shares at C$0.25 each, and a minimum future C$2 million payment upon processing a mineralized stockpile; this transaction, expected to close in Q1 2026 pending TSXV approval, will rename Oronova to Seva Mining Corp., pivot toward gold exploration on a 53,000-hectare land package hosting 464,000 ounces measured and indicated plus 533,000 ounces inferred gold resources at the Cameron deposit, and follows a concurrent $15 million non-brokered private placement of up to 60 million shares at C$0.25 plus prior 2025 financings including $1.2 million from 20 million units at $0.06 in August and additional placements supporting working capital. Formerly Oronova Resource Corp., which changed its name in December 2016, the company maintains a NEX-listed ticker ONV.H (OTC: ONVRF) with no current revenue and ongoing net losses amid exploration risks.