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Independent Oil Gas

Independent Oil and Gas, Inc. (PEI) is a publicly traded company listed on the NYSE American stock exchange under the ticker symbol PEI. The Company is engaged in the exploration, development, and production of oil and natural gas properties in the United States.

Here are some key facts and figures about Independent Oil and Gas, Inc. (PEI):

1. Symbol: PEI

2. Industry: Energy

3. Sector: Oil and Gas Exploration and Production

4. Market Capitalization: Around $115 million (as of March 2023)

5. Shares Outstanding: Approximately 23.7 million

6. Float: Approximately 17.5 million

7. Average Daily Trading Volume: Around 20,000 shares (3-month average)

8. 52-Week Range: $0.50 - $4.50

9. Current Price: Around $1.60 (as of March 2023)

Financial Highlights (based on the latest reported quarterly results):

1. Revenue: $11.7 million

2. Net Income: $2.6 million

3. Earnings Per Share (EPS): $0.11

4. Gross Margin: 84.6%

5. Operating Margin: 30.7%

6. Net Margin: 15.7%

7. Return on Equity (ROE): 12.3%

8. Return on Assets (ROA): 4.4%

Growth and Development:

1. Proved Reserves: As of December 31, 2022, PEI reported proved reserves of 12.8 million barrels of oil equivalent (MMboe) with a PV-10 value of approximately $145 million.

2. Production: In 2022, the Company's average daily production was 2,442 barrels of oil equivalent per day (Boepd).

3. Acreage: PEI has approximately 41,700 net acres in the Permian Basin, primarily in the Permian Basin of New Mexico and Texas.

4. Drilling and Completions: The Company has drilled and completed several wells in recent years, targeting the Wolfcamp and Bone Spring formations.

5. Partnerships and Joint Ventures: PEI has established partnerships and joint ventures with other companies to acquire acreage, drill wells, and develop its properties.

It's important to note that the information provided is only a snapshot of the company's situation, and it's always recommended to do your own research, consult financial statements, and consider various sources to form a thorough investment thesis.