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Highlights

 

Summary from our most recent update:

Three Months Ended
September 30,

Nine Months Ended
September 30,

 

2009
2008
2009
2008

(Unaudited)
(Unaudited)
 (Unaudited)

(Unaudited)

Oil and gas sales, net of transportation ($000's)
4,403
10,132
16,326
30,945

Sales volumes per day

Natural gas (Mcf/d)

13,044
10.811
13,582
9,675

Natural gas liquids (Bbl/d)

207
247
214
261

Equivalence at 6:1 (BOE/d)

2,381
2,049
2,478
1,874

Sales Price

Natural gas ($/Mcf)

2.87
7.97
3.67
9.11

Natural gas liquids ($/Bbl)

50.34
96.87
46.51
94.94

Equivalence at 6:1 ($/BOE)

20.10
53.75
24.13
60.28

 

 

Funds from operations ($000's) (1)

1,854
5,635
7,383
17,085

- per share, basic (1)
0.03
0.10
0.13
0.31

- per share, diluted (1)

0.03
0.10
0.13
0.31

Net income (loss) (000's)
(2,801)
774
(7,367)
2,602

- per share, basic

(0.05)
0.01
(0.13)
0.05
- per share, diluted
(0.05)
0.01
(0.13)
0.05
 

Capital expenditures ($000's)
2,301
12,212
5,824
25,329
 

Basic weighted average shares outstanding ($000's)
56,784
55,628
56,020
55,626

Working capital (net debt) ($000's) (2)
- As at September 30, 2009
(31,040)
- As at December 31, 2008
(35,308)
 
   

 

  
As at November 4, 2009

 

Common shares outstanding

    
55,843,698

 

Options outstanding

    
5,881,167

 

- Weighted average exercise price

    
1.35

 

(1) Funds from operations is a not a generally accepted accounting principle ("GAAP") measure and represents cash provided by operating activities on the statement of changes, less the effect of changes in non-cash working capital related to operating activities.
(2) Net debt is a non-GAAP measure and represents the sum of the working capital (deficiency) and the outstanding credit facility balance.