Post by
bobsmith1 on Aug 29, 2011 10:23am
ALO News
We are pleased to announce the following highlights from Fiscal 2011:Increased 2P reserves 652% to 141.5 Mboe from 21.7 Mboe in fiscal 2010.Annual production revenue increased to $586,842 from $42,586 in the prior year and Q4 production revenue increased to $286,517 from $24,704 for the same period in the prior year.Exit production rate increased 888% to 70 Boe per day from 7.8 Boe per day in fiscal 2010.Completed the acquisition of the Alexander property in three separate transactions.Established a $500,000 operating line of credit with the National Bank of Canada of which, none has been drawn-down.Drilled 4.0 (0.6 net) wells at Alexander achieving a 75% success rate plus the discovery of a second oil pool.
Comment by
bluestar on Dec 22, 2011 11:05pm
this one might be waking up.