Symbol: KYS.H
Price: $0.10
Common Shares: 23,153,285
Market Cap: $2.3 million
Insider/Management Holdings: 10,369,595 or 44.8%
Financial Results (Ending January 31,2022)
ASSETS
Cash: $37,299
Investments: $1,404,248
Royalty Income Receivable: $16
Goods & Services Tax Receivable: $3,028
Prepaid Expenses: $833
Property & Equipment: $86
Total Assets: $1,455,510
LIABILITIES
Trade & Payables: $6,167
Total Liabilities: $6,167
6 Month Performance
Royalty Income: $16,181
Gain On Investments: $617,036
Total Expenses: $8,768
Net Income: $624,449
Reserve information can be found on Sedar (Cut off pricing was July 2021). Total Proved Plus Probable revenue ending July 2021 shows $14,736,800. See 51-101 Report.
MD&A Highlights
Kaymus is a publicly-traded company engaged in the exploration, acquisition, and development of petroleum and natural gas projects in the Western Canadian Sedimentary Basin (“WCSB”). The Company’s shares trade on the NEX, a separate trading board of the TSX Venture Exchange, under the symbol KYS.H. The Company holds a 100% working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in townships 36 and 39, Ranges 1 and 3 W5M. Kaymus currently has no wells drilled in the Sylvan Lake Area. The Company also holds overriding royalty interests ranging from 10% to 13% on five sections of land, on which are currently five producing wells which the Company acquired on January 15, 2019.
The Company plans to accumulate prospective land in the WCSB and will execute a drilling program when capital markets allow for raising equity.
As at January 31, 2022, the Company had working capital of $1,439,257 compared to working capital of $814,778 at July 31, 2021. The increase in working capital is a result of increase in the value of the investments.
