Avila Energy Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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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.- CEO
- Donald Benson
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 5940 Macleod Trail Calgary AB Canada T2H 2G4
- IPO Date
- Jul 20, 2021
- Website
- avilaenergy.com
- Similar Companies
- Business
- Avila Energy Corporation is a Canada-based integrated energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Western Canada. Its core assets include the West Central Alberta properties located approximately 50 kilometers southwest of Edmonton and the East Central Alberta assets near Red Deer. The company operates as a licensed producer, explorer, and developer of energy resources, applying proven geological, geophysical, engineering, and production techniques to optimize low-cost, carbon-neutral energy production. Avila's product portfolio focuses on upstream oil and gas activities encompassing light oil, natural gas, and natural gas liquids extraction. Additionally, the company has expanded into cleantech through its acquisition of preferred licensing rights to manufacture, sell, and service the "EnerTwin," a modular plug-and-play energy system running on natural gas, LPG, biomethane, and hydrogen blends, targeting domestic and light commercial consumers. This strategic move supports Avila’s long-term vision toward becoming a vertically integrated, carbon-neutral energy producer by integrating traditional hydrocarbon operations with cleaner energy solutions. Recent major developments include the 2022 rebranding from Petro Viking Energy Inc. to Avila Energy Corporation, the 2022 closure of the acquisition of 100% interest in oil and gas properties in Northeast British Columbia, and ongoing efforts to develop a Carbon Capture and Sequestration Plan at its West Central Alberta site. The company also secured a $3 million two-year loan in 2023 to support its operations and enhanced its financial position with a convertible debenture financing commitment of $10 million. Avila announced a business combination agreement with Insight Acquisition Corp. aiming for a Nasdaq listing, although later updates indicated the termination of this agreement, reflecting a strategic recalibration. Avila continues to advance toward achieving operational milestones including targeted production volumes and carbon emission reductions through integrated energy sales to residential and commercial customers. Founded in 2010, Avila Energy Corporation is headquartered in Calgary, Alberta, Canada. It operates primarily within the Energy sector focusing on oil and gas exploration and production, while steering efforts into sustainable energy technologies and emissions reduction initiatives to align with industry trends towards decarbonization and environmental responsibility in energy production. The company’s operations and strategic developments position it as a dynamic player in western Canada's energy market with expanding technological and environmental commitments.
Avila Energy Corporation Announces Rights Offering
CSE Bulletin: Reinstatement - Avila Energy Corporation (VIK)
Avila Energy Corporation Announces Plant Shut Down
Avila Energy Corporation Provides Corporate Update
CSE Bulletin: Suspension - Avila Energy Corporation (VIK)
Avila Energy Corporation is Pleased to Announce an Increase in its 3rd Party Processing Volumes and an Operational Update
Avila Energy Corporation To Close Further Tranches of Its Private Placement Offering of up to $3,000,000
Avila Energy Announces Change in Auditor and Appointment of New CFO
Avila Energy Corporation is Pleased to Announce the Publishing of its Inaugural Environmental, Social and Governance Report for 2023
Avila Energy Corporation Is Pleased To Announce the Filing of Its Financial Report for the Three and Nine Months Ended September 30, 2023
Avila Energy Corporation Provides Operational Update and is Pleased to Announce the Addition of 3rd Party Processing Services
Avila Energy Corporation Announces the Engagement of Common Cents Media SPC. and Files Early Warning Report
Avila Energy Corporation Closes First Tranche of $1,033,000
Avila Energy Corporation is Pleased to Announce a Private Placement Offering of Up to $3,000,000 and Corporate Updates
Avila Energy Corporation is Pleased to Announce the Filing of its Financial Report for the Three and Six Months Ended June 30, 2023
Avila Energy Corporation Refiles Amended and Restated Annual Financial Statements for the Year Ended December 31, 2022
Avila Energy Corporation is pleased to announce the Closing of the Secured Two-Year Loan of CDN $3,000,000
Avila Energy Corporation is Pleased to Announce the Completion of all Terms of Settlement with MTT and the Issuance of the Licensed Rights for the Manufacturing, Sale, Supply and Servicing of MTT's EnerTwin in Canada and the United States of America
Avila Energy Refiles its Financial Statements and MD&A