Company Profile For CIC Energy Corp.
CIC Energy Corp. (ELC.TO) (Toronto Stock Exchange)
sector: Energy ·
industry: Oil & Gas Exploration & Production ·
Overview
CIC Energy Corp. (CIC Energy) is engaged in the development of two non-contiguous greenfields coal properties located in the Mmamabula Coalfields in Southeastern Botswana. The two coal properties and the proposed power stations are referred to as the Mmamabula Energy Project (Mmamabula or the Project). The two coal properties, which are held 100% by CIC Energy’s wholly owned Botswana subsidiary, Meepong Resources (Proprietary) Limited (Meepong Resources) consist of the 510.70 square kilometre Coal Prospecting License No. 11/2004 (Mmamabula East) and the 135.89 square kilometre Coal Prospecting License No. 75/2002 (Mmamabula South).
Quick Financial Synopsis
BRIEF: For the nine months ended 31 August 2009, CIC Energy Corp.'s revenues decreased 44% to C$2.4M. Net loss decreased 19% to C$5.3M. Revenues reflect decrease in interest received and lower profit on foreign exchange. Net loss was partially off set due to decrease in personnel expense, lower stock based compensation expense and fall in operating lease expenses. CIC Energy is a single business company focused on development & operation.
Company Address
CIC Energy Corp.
110 Sheppard Avenue East
Suite 610
Toronto ON M2N 6Y8
P: +1416.3619636
F: +1416.3610330
110 Sheppard Avenue East
Suite 610
Toronto ON M2N 6Y8
P: +1416.3619636
F: +1416.3610330
Total Employees
Find Out More About ELC.TO
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| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 77.05 | -1.80% | 11/26 23:59 IST |
| Gold | 1187.9 | -0.41% | 11/28 04:47 IST |
