Tenth Avenue Petroleum Corp. (“TAPC”) is a Calgary-based junior oil and gas exploration company operating in Western Canada. A wholly owned subsidiary, Jadela Disposal Well Corp. owns a 22% interest in a non-operating disposal well in Ft. Nelson B.C. Another subsidiary, Jadela Oil (US) Operating LLC, had acquired rights to exploit oil and gas mineral rights in Maverick County, Texas. Upon abandonment and remediation of an Eagle Ford well, Jadela U.S. will close operations in the U.S.
As of June 21, 2016, there were 6,892,668 issued and outstanding common shares. There were 586,700 options entitling holder to purchase 586,700 common shares at an exercise price $0.075 per share. Fully diluted there would be 7,479,368 common shares. The trading symbol on TSXV is “TPC”.