American Eagle Energy Corp (AMZGQ) 10-Q Quarterly Report August 2015

(“American Eagle” or the “Company”), announces its financial results for the fourth quarter ended December 31, 2014 and provides an update on its current liquidity. The Company filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission on March 31, 2015.

Highlights

Production of 238,140 barrels of oil equivalent (“BOE”), or an average of 2,588 BOEPD;

year-over-year increase of 38% from 1,879 BOEPD (172,829 BOE)

sequential quarterly increase of 18% from 2,193 BOEPD (201,774 BOE)

Fourth quarter 2014 oil and gas sales of $14.5 million;

a year-over-year increase of 7%

a sequential quarterly decrease of 15%

Adjusted EBITDA* of $7.9 million;

Adjusted Cash Flow* of $3.1 million;

Adjusted Loss* of $7.0 million or $0.23 per diluted share; and

Negative working capital of $9 million that includes cash of $19 million as of February 28, 2015.

* Non-GAAP financial measure. Please see Adjusted EBITDA, Adjusted Cash Flow and Adjusted Net Earnings descriptions and tables later in this earnings release for a reconciliation of these measures to their nearest comparable GAAP measure.

Fourth Quarter 2014 Financial and Operational Results

For the quarter ended December 31, 2014, the Company reports oil and gas sales of $14.5 million, which represents an increase of 7% over the fourth quarter ended December 31, 2013 and a decrease of 15% from the third quarter ended September 30, 2014. The increase in year-over-year sales was driven by higher production as 54 gross (32.2 net) operated wells were producing in the Bakken and Three Forks formations at the end of fourth quarter 2014, compared to production from 28 gross (13.7 net) operated wells at the end of December 31, 2013. This was partially offset by lower realized oil prices. The decrease in sales on a sequential basis was driven by lower realized oil prices, that were partially offset by higher production from the three gross (1.9 net) operated wells added to production during the quarter. During the fourth quarter 2014, oil production represented 99% of total oil and gas sales revenue and 99% of total production.

The following information was filed by American Eagle Energy Corp (AMZGQ) on Wednesday, April 8, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

American Eagle Energy Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Certification

Exhibit 31.2: Certification

Exhibit 32.1: Certification

Exhibit 32.2: Certification

Ticker: AMZGQ
CIK: 1282613
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-15-047641
Submitted to the SEC: Mon Aug 10 2015 1:26:16 PM EST
Accepted by the SEC: Mon Aug 10 2015
Period: Tuesday, June 30, 2015
Industry: Metal Mining

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American Eagle Energy Corp (AMZGQ) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2015

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