 |
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.
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