The Reserve Petroleum Company (the “Company,” “we,” “our” or “us”) is engaged principally in managing its owned mineral properties and the exploration for and the development of oil and natural gas properties. Other business segments are not significant factors in our operations. The Company is a corporation organized under the laws of the State of Delaware in 1931.
Company profile
Ticker
RSRV
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
730237060
Calendar
16 May 22
9 Aug 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 9.9M | 9.9M | 9.9M | 9.9M | 9.9M | 9.9M |
| Cash burn (monthly) | 76.09K | 602.15K | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 327.54K | 2.59M | n/a | n/a | n/a | n/a |
| Cash remaining | 9.57M | 7.31M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 125.8 | 12.1 | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- This discussion and analysis should be read with reference to a similar discussion in the 2021 Form 10-K, as well as the consolidated financial statements included in this Form 10-Q.
- This discussion and analysis includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give the Company’s current expectations of future events. They include statements regarding the drilling of oil and gas wells, the production that may be obtained from oil and gas wells, cash flow and anticipated liquidity and expected future expenses.
- Although management believes the expectations in these and other forward-looking statements are reasonable, we can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that would cause actual results to differ materially from expected results are described under “Forward-Looking Statements” on page 3 of the 2021 Form 10-K.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
ability, adjustment, aggregation, Beachy, brokerage, casing, conflict, converted, created, depending, disruption, February, focused, hospitality, January, leisure, manner, marketplace, military, mobile, MooveGuru, national, nearby, partially, pending, personnel, point, predict, proceed, residential, Russia, scheduled, secure, set, space, squarefoot, successfully, supply, TheSquareFoot, TWSOK, TWSTX, Ukraine, uncertainty, unproved
Removed:
abandoned, acreage, audited, CNG, commodity, Compressed, conducting, conform, conservative, conversion, covering, Creek, Crockett, debt, declared, decline, delivery, derived, diluted, distancing, evaluate, fourth, Health, heavy, imposing, intention, issued, joint, Kingfisher, lead, lesser, NG, Ocean, Organization, outbreak, participating, partner, pilot, prepaid, previously, processing, profitability, project, protect, reclassified, recovered, recovery, reduction, retail, Robertson, royalty, seismic, sell, shallow, shut, significantly, social, statement, storage, strategy, test, testing, thermal, timing, travel, underground, underlain, Val, venture, Verde, zone
Current reports
8-K
Submission of Matters to a Vote of Security Holders
25 May 22
8-K
Submission of Matters to a Vote of Security Holders
26 May 21
8-K
Submission of Matters to a Vote of Security Holders
20 May 20
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 19
8-K
Submission of Matters to a Vote of Security Holders
23 May 18
8-K
Submission of Matters to a Vote of Security Holders
23 May 17
8-K
Departure of Directors or Certain Officers
2 Apr 17
8-K
Submission of Matters to a Vote of Security Holders
24 May 16
8-K
Submission of Matters to a Vote of Security Holders
20 May 15
8-K
Departure of Directors or Certain Officers
28 Dec 14
Registration and prospectus
No filings
Ownership
4
RESERVE PETROLEUM / Robert L Savage ownership change
24 Jan 18
3
RESERVE PETROLEUM / Lawrence Raymond Francis ownership change
2 Jan 18
4
RESERVE PETROLEUM / KYLE L MCLAIN ownership change
26 Apr 17
4
RESERVE PETROLEUM / CAMERON R MCLAIN ownership change
26 Apr 17
4/A
RESERVE PETROLEUM / KYLE L MCLAIN ownership change
26 Apr 17
4
RESERVE PETROLEUM / CAMERON R MCLAIN ownership change
25 Apr 16
4
RESERVE PETROLEUM / KYLE L MCLAIN ownership change
25 Apr 16
4
RESERVE PETROLEUM / JOHN MCLAIN ownership change
25 Apr 16