 |
Highlights
Summary from our most recent update: |
Six Months Ended June 30, |
|
|
2010 |
2009 |
2010 |
2009 |
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited) |
Petroleum and natural gas sales, net of transportation ($000's) |
6,431 |
5,214 |
13,546 |
11,923 |
Sales volumes per day |
|
|
|
|
Natural gas (Mcf/d) |
13,952 |
14,424 |
13,310 |
13,855 |
Natural gas liquids (Bbl/d) |
210 |
212 |
201 |
218 |
Equivalence at 6:1 (BOE/d) |
2,535 |
2,616 |
2,419 |
2,527 |
Sales Price |
|
|
|
|
Natural gas ($/Mcf) |
4.02 |
3.25 |
4.60 |
4.05 |
Natural gas liquids ($/Bbl) |
69.16 |
49.55 |
67.68 |
44.67 |
Equivalence at 6:1 ($/BOE) |
27.87 |
21.90 |
30.93 |
26.08 |
|
|
|
|
|
| |
|
|
|
|
Funds from operations ($000's) (1) |
2,878 |
2,569 |
5,838 |
5,529 |
- per share, basic (1) |
0.03 |
0.05 |
0.07 |
0.10 |
- per share, diluted (1) |
0.03 |
0.05 |
0.07 |
0.10 |
Net income (loss) (000's) |
(1,865) |
(2,553) |
(3,171) |
(4,567) |
- per share, basic |
(0.02) |
(0.05) |
(0.04) |
(0.08) |
| - per share, diluted |
(0.02) |
(0.05) |
(0.04) |
(0.08) |
| |
|
|
|
|
Capital expenditures ($000's) |
5,719 |
(150) |
20,782 |
3,523 |
| |
|
|
|
|
Basic weighted average shares outstanding ($000's) |
81,775 |
55,632 |
78,122 |
55,632 |
|
|
|
|
|
Working capital (net debt) ($000's) (2) |
|
|
|
|
| - As at June 30, 2010 |
|
|
(8,941) |
|
| - As at December 31, 2009 |
|
|
(29,444) |
|
| |
|
|
|
|
|
|
As at August 4, 2010 |
|
Common shares outstanding (000's) |
|
|
81,874 |
|
Options outstanding (000's) |
|
|
6,024 |
|
- Weighted average exercise price |
|
|
1.29 |
|
(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.
|
|