XXL Energy Corp. Stock Analysis XL.V

XXL Energy Corp. engages in the acquisition, exploration, and development of petroleum and natural gas properties. The company is headquartered in Vancouver, British Columbia. The firm is engaged in the acquisition, exploration and development of petroleum and natural gas properties located in the United States. The firm is focused on the Greater Green River Basin of Wyoming, the Piceance Basin of Colorado, and Pinedale Field of Wyoming. In the Green River Basin, it owns working interests in six natural gas wells and five royalty interest wells including the Jade 10-11 in which it owns a working interest with the corresponding net revenue interest as well as a separate overriding royalty interest (ORRI) in the well. Its existing leasehold in Wyoming totaled approximately 5,757 net acres. In the Piceance Basin, the Company owns working interests in four producing natural gas wells and four non-producing wells. The company has a working interest of around 16.98% working interest in Clough Well. In Pinedale Field, it has approximately 18 wells online and producing.