
|

Kroes Energy Inc. is a junior oil and gas company headquartered in Calgary, Alberta, Canada and is listed on the TSX Venture Exchange under the symbol (KRS).
Over the past two years Kroes Energy Inc. has completed a transformation from a junior international oil and gas company to one that operates solely in western Canada. In 2007 Kroes sold its interest in a Ukrainian oilfield rehabilitation project due to deteriorating economics and political uncertainty and in 2008 it disposed of its interest in a small oilfield in Trinidad. Over this two year period the Company began building a production base in Alberta through participation in a shallow gas exploration and development program in central Alberta and presently is producing some 100 equivalent barrels per day from its interests in 14 producing wells.
On July 30, 2008 Kroes completed the acquisition of Vecta Energy Corporation, a private company that has excellent land holdings in the Brewster and Gilby regions of west central Alberta. Vecta has one well on production and its share amounts to 75 equivalent barrels per day of natural gas and liquids. In addition, two Brewster wells are presently suspended and awaiting testing and completion. The Company has interest in 28,640 gross acres (6,852 net acres) and intends to continue the exploration of these lands where considerable success has already been achieved. In the Brewster area in particular, at least 8 additional prospective locations already have been identified on lands where the Company has interests and industry activity and infrastructure continue to grow. The low risk shallow gas program provides slow but steady growth while the Brewster acreage involves higher risk but much higher reward and the potential for rapid growth. In addition, it is the Company’s intention to seek other merger or acquisition opportunities in order to accelerate growth.
The Company has a new management team and Board of Directors, has no long term debt, has a $1 million bank line of credit, and a significantly undervalued share price.
View our latest presentation
to learn more about our operations and plans.
-
April 30, 2009
-
November 28, 2008
-
October 1, 2008
-
August 28, 2008
-
August 8, 2008
-
August 5, 2008
-
July 30, 2008
-
July 24, 2008
-
July 15, 2008
-
July 14, 2008
-
July 3, 2008
-
May 29, 2008
-
May 2, 2008
-
April 29, 2008
-
March 11, 2008
-
February 8, 2008
-
January 17, 2008
|
-
2009 First Quarter Report
-
2008 Financial Statements
-
2008 Management's Discussion & Analysis
-
2008 Annual Information Form
-
2008 Report to Shareholders
-
2008 Third Quarter Report
-
2008 Second Quarter Report
-
2008 First Quarter Report
-
2007 Financial
Statements
-
Management's Discussion & Analysis
-
Annual Information Form
-
Vecta Energy Corporation - Financial Statements
-
2007 Third Quarter Report
-
2007 Second Quarter Report
-
2007 First Quarter Report
|
*Legal
Disclaimer
|
|