The Reserve Petroleum Company

Equities

RSRV

US7611021020

Oil & Gas Exploration and Production

Market Closed - OTC Markets Other stock markets 03:40:20 2024-04-29 pm EDT			5-day change	1st Jan Change
175 ^USD	0.00%		0.00%	0.00%

Mar. 28	The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Tranche Update on The Reserve Petroleum Company's Equity Buyback Plan announced on September 22, 2023.	CI

The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2023

March 28, 2024 at 02:39 pm EDT

The Reserve Petroleum Company reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 0.190588 million compared to USD 0.295544 million a year ago. Revenue was USD 13.38 million compared to USD 16.17 million a year ago.

Net loss was USD 0.055648 million compared to net income of USD 4 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to basic earnings per share from continuing operations of USD 25.62 a year ago.

Latest news about The Reserve Petroleum Company

The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Tranche Update on The Reserve Petroleum Company's Equity Buyback Plan announced on September 22, 2023.	Nov. 14	CI
The Reserve Petroleum Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
The Reserve Petroleum Company announces an Equity Buyback for 15,000 shares.	23-09-22	CI
The Reserve Petroleum Company authorizes a Buyback Plan.	23-08-31	CI
The Reserve Petroleum Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
The Reserve Petroleum Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-31	CI
The Reserve Petroleum Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-14	CI
The Reserve Petroleum Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-15	CI
The Reserve Petroleum Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-16	CI
The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-31	CI
The Reserve Petroleum Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-15	CI
The Reserve Petroleum Company Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-16	CI
The Reserve Petroleum Company Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-17	CI
The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2020	21-03-31	CI
The Reserve Petroleum Company Reports Earnings Results for the Third Quarter Ended September 30, 2020	20-11-16	CI
The Reserve Petroleum Company Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-08-14	CI
The Reserve Petroleum Company Declares Cash Dividend, Payable on June 16, 2020	20-05-21	CI
The Reserve Petroleum Company Reports Earnings Results for the First Quarter Ended March 31, 2020	20-05-15	CI
The Reserve Petroleum Company Reports Earnings Results for the Full Year Ended December 31, 2019	20-03-30	CI
The Reserve Petroleum Company Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-11-14	CI
The Reserve Petroleum Company acquired 8.4% stake in 998.33 net acres of leasehold on a Custer County, Oklahoma for $0.02 million.	19-11-13	CI
The Reserve Petroleum Company Reports Earnings Results for the Second Quarter Ended June 30, 2019	19-08-14	CI
The Reserve Petroleum Company acquired 10.5% interest in 100 Net Acres of Leasehold, Five Producing Wells and Two Salt Water Disposal Wells in Oklahoma for $0.23 million.	19-08-13	CI

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Company Profile

The Reserve Petroleum Company is an independent oil and gas company. The Company is engaged in oil and natural gas exploration, development, and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming. The Companyâs principal properties are oil and natural gas properties. It has interests in approximately 879 producing properties with 76% of them being working interest properties and the remaining 24% being royalty interest properties. It owns non-producing mineral interests of 88,214 net acres out of 256,534 gross acres. These mineral interests are in twelve different states in the north and south-central United States. A total of 81,080 (92%) net acres are in the states of Arkansas, Kansas, Oklahoma, South Dakota, Texas and Wyoming, the areas of concentration for the Company in its exploration and development programs. Its subsidiaries include Grand Woods Development, LLC and Trinity Water Services, LLC.

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Oil & Gas Exploration and Production

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