|
700, 700 - 2nd St. SW Calgary, Alberta T2P 2W1, Canada Tel. 403-261-6883 Fax 403-266-1814 |
Type: Public
On the web:
http://www.iterationenergy.com
Employees:
88
Employee growth: 203.4%
Iteration Energy reiterates its desire to be a top oil and gas exploration and production company. Originally a biotech company -- SYNSORB Biotech, then an oil and gas company -- Hawker Resources, the group subsequently acquired other companies exploring in the Western Canada Sedimentary Basin for natural gas and oil. As Hawker Resources it acquired fellow explorers Southward Energy and ZORIN Exploration in 2003 and 2004, respectively. In 2005 it acquired Iteration Energy and took on that company's name. Following Iteration Energy's acquisition of fellow explorer Cyries Energy in 2008 the company reported proved reserves of 34.7 million barrels of oil equivalent.
Key numbers for fiscal year ending December, 2008:
Sales: $297.7M
One year growth: 260.0%
Net income: ($176.5)M
Officers:
Chairman: Don F. Archibald
President and CEO: Brian L. Illing
VP Finance and CFO: Peter D. Scott
Competitors:
Devon Energy
Midnight Oil
Suncor
