Q3 Financials out- not good Got them on stockwatch.
They look grim
Revenue of $804k compared to $3415k
Negative cash flow.
Production of about 100 boepd average. My calculation
No wonder there is no press release.
Performance Highlights
Three months ended
2012
2011
Gross petroleum and natural gas sales $ 803,924. $ 3,415,445.
Net income (loss) (257,434) 696,141.
Net income (loss) per share – basic and diluted (0.00) 0.02.
BOE 10,714. 37,804.
Average realized price
Oil and natural gas liquids (per bbl) $ 81.12. $ 101.74.
Natural gas (per mcf) $ 2.01. $ 3.50.
Cash from (used) in operations $ (220,399) $ 1,919,890.
Total assets $ 11,067,439. $ 8,914,670.
Capital expenditures $ 1,076,091. $ 2,100,152