Symbol: KYS.H
Price: $0.065
Common Shares: 23,153,285
Market Cap: $1.5 million
Insider/Management Holdings: 10,369,595 or 44.8%
Kaymus is a publicly-traded company engaged in the exploration, acquisition, and development of petroleum and natural gas projects in the Western Canadian Sedimentary Basin (“WCSB”). The Company’s shares trade on the NEX, a separate trading board of the TSX Venture Exchange, under the symbol KYS.H. The Company holds a 100% working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in townships 36 and 39, Ranges 1 and 3 W5M. Kaymus currently has no wells drilled in the Sylvan Lake Area. The Company also holds overriding royalty interests ranging from 10% to 13% on five sections of land, on which are currently five producing wells which the Company acquired on January 15, 2019.
Outlook
The Company plans to accumulate prospective land in the WCSB and will execute a drilling program when capital markets allow for raising equity.
Financial Results (Ending April 30, 2021)
ASSETS
Cash: $96,543
Investments: $676,928
Royalty Income Receivable: $2,745
Goods & Services Tax Receivable: $17,363
Prepaid Expenses: $10,833
Property & Equipment: $131
Total Assets: $804,543
LIABILITIES
Trade & Payables: $13,257
Total Liabilities: $13,257
3 Month Performance
Royalty Income: $9,315
Unrealized Gain on Investments: $160,780
Net Income: $169,187
9 Month Performance
Royalty Income: $20,373
Unrealized Gain on Investments: $404,515
Net Income: $383,890 or $0.017c earnings per share |
