Paloma Resources Inc. (PLO.H)
TSX-V TSX-V Primary Summary
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Paloma Resources Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Johannes T. Petersen CEO | TSX-V Exchange | - ISIN |
| Canada Country | - Employees | - Last Dividend | 13 Feb 2019 Last Split | - IPO Date |
Overview
Paloma Resources Inc. is a company dedicated to the exploration and development of oil and gas properties in the United States, specifically in Mississippi. Originally known as Paloma Ventures Inc., the company underwent a name change to Paloma Resources Inc. in February 2004, indicating a refined focus or an expansion of its business scope. Incorporated in 1985, it has established a notable presence in the oil and gas sector. Through its wholly owned subsidiary, Paloma Ventures (Nevada) Inc., it has managed to secure a 1-3% interest in five oil and gas leases spread across Jefferson and Wilkinson counties in Mississippi. The strategic location of its operations, coupled with its longstanding industry presence, positions Paloma Resources Inc. as a key player in the regional energy market. The company is headquartered in Vancouver, Canada, leveraging its geographical position to manage its investments and operations effectively in the United States.
Products and Services
- Oil and Gas Exploration:
Paloma Resources Inc. specializes in the initial and critical stages of identifying potential oil and natural gas reservoirs. This involves geological and geophysical surveys, data analysis, and exploratory drilling to determine the presence, quantity, and recoverability of hydrocarbons in Jefferson and Wilkinson counties, Mississippi.
- Oil and Gas Development:
Following successful exploration activities, the company engages in developing identified reservoirs to produce oil and natural gas. This encompasses the design and implementation of drilling wells, infrastructure development such as roads and pipelines, and the installation of facilities needed to bring the hydrocarbons to the market in a cost-effective and efficient manner.
- Ownership of Oil and Gas Leases:
Paloma Resources Inc. maintains a 1-3% interest in five oil and gas leases within the United States. These leases allow the company to explore for, develop, and produce oil and gas in designated areas, providing a continuous opportunity for revenue generation and business growth in the energy sector.
