XXL Energy Corp.
XLEFF
Other OTC0.12
USD
- -
- -
ISIN
CA98418B1058
CUSIP
98418B105
Return %
Stock
S&P500
1Y
-26.19
19.01
3Y
-34.79
65.48
5Y
-40.96
72.20
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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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
- John R. Hislop
- Full Time Employees
- 1
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 595 Howe Street Vancouver BC Canada V6C 2T5
- IPO Date
- Sep 9, 2009
- Website
- xxlenergy.com
- Similar Companies
- Business
- XXL Energy Corp. XXL Energy Corp. (XLEFF) is a Canada-based independent oil and gas exploration and development company engaged in the acquisition, exploration, and development of petroleum and natural gas properties located in the United States, primarily in Wyoming and Colorado; its core assets include working interests in natural gas wells and royalty interests in the Green River Basin, Wyoming, encompassing six natural gas wells with working interests ranging from 12.50% to 100% and five royalty interest wells with overriding royalties up to 1.25%; working interests in four producing natural gas wells and four non-producing wells in the Piceance Basin, Colorado, covering 320 developed acres including the Clough Well with a 16.98% working interest; and interests ranging from 18.75% to 21.25% in oil and gas leases spanning approximately 1,840 acres in the Warbonnet area of Pinedale Field, Sublette County, Wyoming, operated by Ultra Resources, Inc., with eighteen wells online and producing as of December 31, 2024, two shut-in pending testing, and three additional wells added to the Farmout Agreement effective January 1, 2024. The company owns approximately 5,757 net acres in Wyoming leasehold and focuses on the Greater Green River Basin, Piceance Basin, and Pinedale Field, generating revenue from natural gas sales subject to royalties and direct operating expenses; it is not the operator of any properties, relying on third-party partners for development activities regulated by the Bureau of Land Management on federal lands. Founded in 1987 and headquartered at RPO Box 60610 Granville Park, Vancouver, British Columbia, Canada V6H 4B9, XXL Energy Corp. formerly known as Exxel Energy Corp. changed its name in May 2008 and operates through its wholly owned subsidiary Exxel Energy (USA) Inc. Recent developments include entering a $2,300,000 revolving line of credit agreement dated September 26, 2024, with Jonah Bank of Wyoming maturing September 26, 2025, secured by a related party guarantor, with an initial advance of $2,150,000 on October 10, 2024; renewing multiple unsecured promissory notes with director John R. Hislop throughout 2024, consolidating principal and accrued interest at 15% per annum for terms up to 2031, including notes for C$20,570 on July 1, 2024, C$12,325 on July 1, 2024, C$10,301 on October 1, 2024, and C$77,952 on December 31, 2024; additional loans with related entity Standard Energy totaling $2,430,849 in 2024 at 10-15% interest due through 2031; holding its annual general meeting on July 18, 2024, with all resolutions passed; concluding an arbitration with Ultra Resources, Inc. in March 2024 over water disposal fees, resulting in no award to XXL and payment of $78,490 in legal costs in July 2024; and reporting gross revenue of $2,037,774 for the year ended December 31, 2024, down from $3,292,807 in 2023 due to lower commodity prices and volumes, with a net loss of $6,124,040, working capital deficiency of $47,604,692, and ongoing efforts to secure equity or debt financing amid limited cash resources.