Berens Energy Ltd.
Berens Energy Ltd. (Berens Energy) is an oil and natural gas company, engaged in the exploration, development, production and marketing of crude oil and gas. It operates in the Western Canadian Sedimentary Basin in which it operates mainly in Pembina, Lanfine, and Deep Basin regions of Alberta. In 2008, Berens Energy`s total production was 4,222 barrels of oil equivalent per day (boepd), including 20,507 thousand cubic feet per day (Mcfpd) of natural gas and 804 barrels of oil and Natural Gas Liquids (NGLs) per day (bblpd). The company is headquartered in Calgary, Canada.
During 2008, natural gas represented 81% of the company`s total production followed by light oil and natural gas liquids (18%) of and conventional heavy oil (1%).The company reported revenues of (Canadian Dollars) CAD 62.73 million during the fiscal year ended December 2008, an increase of 27.59% over 2007. The operating profit of the company was CAD 0.68 million during the fiscal year 2008, whereas the company reported an operating loss of CAD 31.72 million during 2007. The net profit of the company was CAD 0.44 million during the fiscal year 2008, whereas the company reported a net loss of CAD 27.44 million during 2007.