Forza Petroleum Limited
ORXPF
Other OTC0.08
USD
+0.01
- -
Forza Petroleum Limited
ORXPF
(Other OTC)
Recent
price
0.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Forza Petroleum Limited, a subsidiary of Zeg Oil and Gas Ltd., is a Canada-based international oil and gas exploration, development and production company founded in 2010 and headquartered in Calgary, Alberta. The company holds a 65% participating and working interest in and operates the Hawler license area in the Kurdistan Region of Iraq, encompassing the Demir Dagh, Zey Gawra and Banan oil fields; it engages in the acquisition, exploration, development, commercialization and production of crude oil and natural gas from these assets, with production facilities including the Hawler facilities at Demir Dagh capable of initial gross oil production of 40,000 barrels per day and export via pipeline alongside local sales. Forza Petroleum focuses operations in the Middle East, targeting hydrocarbon reserves estimated at proved plus probable levels of approximately 43 million barrels as of late 2021, serving regional markets amid challenges such as the Kurdistan Oil Export Pipeline shutdown through local sales initiatives and cost management. In recent developments, Zeg Oil and Gas Ltd. acquired majority control in 2020 and completed a court-approved Plan of Arrangement in 2024 to acquire all minority shareholder common shares, after which Forza Petroleum ceased to be a reporting issuer; the company previously changed its name from Oryx Petroleum Corporation Limited in December 2020, settled significant debt via asset transfer offshore West Africa in 2020, and underwent financial restructuring in 2017.
Forza Petroleum and Zeg Oil & Gas Ltd. Announce Completion of Going Private Transaction
Forza Petroleum Announces Special Meeting Results
Forza Petroleum Announces Going Private Transaction