Alberta Clipper Energy Inc.
Alberta Clipper Energy Inc. (Alberta Clipper Energy) is an independent oil and natural gas company. The activities of the company exploration, development and production of natural gas and light oil reserves. The company carries out its activities principally in the Western Alberta and Northeast British Columbia regions. It is headquartered in Calgary, Canada.
During 2008, the company completed the acquisition of Escavar Energy Inc., a private company, which has assets in the corporation`s core area of operations in the Western Alberta region.The company reported revenues of (Canadian Dollars) CAD 56.7 million during the fiscal year ended December 2008, an increase of 59.0% over 2007. The operating loss of the company was CAD 3.8 million during the fiscal year 2008, as compared to an operating loss of CAD 4.0 million during 2007. The net loss of the company was CAD 3.0 million during the fiscal year 2008, as compared to a net loss of CAD 3.1 million during 2007.
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