New Stratus Energy Inc
0.51
USD
-0.01
(-2.40%)
ISIN
CA6488301079
CUSIP
648830107
Return %
Stock
S&P 500
1Y
63.71
14.20
3Y
-12.82
81.12
5Y
396.58
68.34
Capital Structure
CAD
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in mil. unless spec.Working Capital
CAD
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in mil. unless spec.Growth Rates
CAD
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in mil. unless spec.Quarterly Revenue
CAD
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- José Francisco Arata
- Full Time Employees
- 26
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 333- 7th Avenue SW Calgary AB Canada T2P 2Z1
- IPO Date
- May 31, 2007
- Website
- newstratusenergy.com
- Similar Companies
- Business
- New Stratus Energy Inc. (TSX-V: NSE) is a Canadian publicly traded oil and gas company focused on the acquisition, exploration, development, and production of petroleum properties primarily in Latin America; it engages in upstream operations including the exploitation of conventional oil fields through production sharing contracts, farm-out agreements, and equity investments in operating entities. Founded in 2005 and headquartered in Calgary, Alberta, with its registered office at 1500, 850 2nd Street S.W., the company maintains subsidiaries and active operations in Mexico, Ecuador, Colombia, Peru, Brazil, Spain, and previously Venezuela, targeting secondary recovery opportunities in onshore basins with favorable license terms and direct government negotiations. Core products and services encompass oil production from mature fields, workover and drilling programs such as horizontal re-entries and deviated wells, secondary market reactivation of idle wells, and associated natural gas output; key assets include a 49% equity interest in Operaciones Petroleras Soledad S. de R.L. de C.V. (OPS), operator of the Soledad Block in Veracruz, Mexico, under a hydrocarbons production contract with Pemex extended to 2039 featuring 88.23% profit participation, yielding gross production of approximately 2,163 boe/d; up to 32.5% working interest in Brazil's REC-T-107 and REC-T-108 concession contracts in the Reconcavo Basin via a farm-out with Vultur Oil, involving US$10 million in staged investments for well interventions and laterals adjacent to Petrobras' Araças field; a consortium with Sinopec International Petroleum E&P Corporation for a 20-year renewable production sharing contract on Ecuador's Block 60 (Sacha Block), with formal execution pending March 2025; and prior interests in Colombian and Peruvian blocks including a formal application for Block 192 in Peru. Recent major developments include the October 2025 signing of a definitive farm-out agreement with Vultur Oil for the Brazilian concessions, with ANP approval and initial 15% interest transfer expected by year-end 2025 following US$5 million first-stage funding for horizontal re-entry at GOP/GREN wells; the September 2024 closing of the first tranche 49% OPS acquisition in Mexico for US$2 million cash plus US$45 million capital/operational commitments over two years (US$15 million advanced), entitling NSE to economic benefits from May 1, 2024, alongside board representation and a new development plan for 58 wells to boost Soledad output; the January 2024 acquisition of a 49% indirect interest in GoldPillar International Fund SPC Ltd. for Venezuelan fields (Adas, Lido, Limon, Leona, Oficina Norte, Oficina Central), later adjusted with financing agreements though the joint venture was terminated in March 2025; award of the transformative Ecuador Sacha Block PSC in March 2025; and ongoing negotiations for Soledad contract amendments to reduce future obligations and secure capital refunds ahead of 2025 year-end, alongside pursuits in Colombia, Peru, and Brazil operator approvals. The company aims for 50,000 bbl/d production within three to five years through strategic acquisitions up to 15,000 bbl/d and organic growth, emphasizing innovation, safety, environmental responsibility, and recognition as a TSX Venture 50 Top Performer.
Company News
New Stratus Energy Closes Final Tranche of Non-Brokered Private Placement