PRRPF have Portrush Petroleum Corp exposed to more stock investors 800.940.6559.

Portrush Petroleum Corp Details:

Portrush Petroleum Corporation, together with its subsidiary, Petroleum (US) Corporation, engages in the acquisition, exploration, development, and production of oil/gas. It owns interests in the Lenox prospect located in Michigan; Lenox North prospect located in southeast Michigan; and Mission River Project located in Refugio and Goliad Counties, Gulf Coast, Texas, as well as in a prospect located in Ontario, Canada. The company was incorporated in 1965 under the name Barbi Lake Copper Mines Limited and changed its name to Bar Resources Limited in 1983. Further, the company changed its name to Southern Bar Minerals Corporation in 1995; to Texas Gulf Petroleum Corporation in 1996; and to Por...
May 17, 2008 2:19 AM ET
ENERGY SECTOR
 | 
OIL, GAS & CONSUMABLE FUELS INDUSTRY

Portrush Petroleum Corp

(PRRPF:OTC BB)

LAST $0.08 USD
CHANGE TODAY -0.02 -20.00%
VOLUME 63.8K
PRRPF On Other Exchanges
As of 3:05 PM 05/16/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).
OPEN
$0.08
PREVIOUS CLOSE
$0.10
DAY HIGH
$0.10
DAY LOW
$0.08
52 WEEK HIGH
02/14/08 - $0.14
52 WEEK LOW
12/17/07 - $0.05
MARKET CAP
3.6M
AVERAGE VOLUME 3 mo
44.5K
DILUTED EPS TTM
--
SHARES OUTSTANDING
45.3M
PRRPF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

PRRPF Details

Detailed Description...
www.portrushpetroleum.com
Founded in 1965

Top Compensated Officers

Mr. Martin P. Cotter
Chief Executive Officer, President, Chief Fin...
Age: 56
Total Annual Compensation: C$79.9K

Executives, Board Directors

Compensation as of Fiscal Year 2007.

Key developments

Portrush Announces Drilling Updates

Portrush Petroleum Corp. announced that drilling has begun on the Scanio/Sheldon No.10 well in the Mission River property in Texas. The well will be drilled to a total depth of 8,600 feet and is a follow up well to the number eight well that was drilled and placed on production earlier this year. The number eight well is currently producing at a rate of approximately eight hundred thousand cubic feet of gas a day and forty five barrels of oil a day. This well is the second well of a four well drilling project and the next location is under construction. The Mission River lease is operated by McAlester and is located at the south end of the town of Refugio, Refugio County, Texas. The field has multiple pays at depths ranging from 2,000 to 8,500 feet. Portrush has a 10% working interest in the field. A further announcement will be made in due course regarding the additional drilling of the next two wells.

Portrush Provides an Update Regarding Its Continuing Operations on the Mission River Property in Texas

Portrush Petroleum Corp. provides an update regarding its continuing operations on the Mission River property in Texas. The location for the next well, the Scanio/Sheldon #10, has been staked and will be drilled to a depth of 8,600 feet as soon as the drilling contractor is available. This well will be the second well to be drilled in the current four well drilling program on the property. The operator anticipates drilling this well will confirm the results of the 3-D seismic data shot in 2007 and reviewed since the completion of the Scanio/Sheldon No.8 drilled late last year. The re-worked seismic clearly identifies the intended payzones expected to be penetrated by this well. A successful well would then be followed by at least two additional wells. Scanio/Sheldon No. 8 well was placed on production earlier this year at an initial rate of half a million cubic feet of gas a day and approximately seventy five barrels of oil a day. Gas production has since been increased to 900,000 cubic feet of gas a day.

Portrush Petroleum Corp. Announces Drilling Results

Portrush Petroleum Corp. provided an update regarding its continuing operations on the Scanio/Sheldon No.8 well in the Mission River property in Texas. The well has been drilled to a total depth of 8,600 feet and has been placed on production at an initial rate of half a million cubic feet of gas a day and approximately seventy-five barrels of oil a day. The well was the first well of a four well drilling project and the next location is under construction. It is intended to drill the next well as soon as a drilling rig comes available. Preliminary production results, together with an in-depth analysis of log data obtained from the well suggest that the reserves are both oil and gas. The well has been placed on production without an upgrade to the existing facilities. The Mission River lease is operated by McAlester and is located at the south end of the town of Refugio, Refugio County, Texas. The field has multiple pays at depths ranging from 2,000 to 8,500 feet. Portrush has a 10% working interest in the field.

PRRPF, chart, Portrush Petroleum Corp

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Valuation PRRPF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.8x
Price/Book 2.7x
Price/Cash Flow 54.2x
TEV/Sales 7.3x

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