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Ghaza777on Dec 08, 2014 9:05am
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Triangle Petroleum - Blue Sky Potential
Triangle Petroleum - Blue Sky PotentialThird Quarter Highlights for Fiscal Year 2015 (ended October 31, 2014)
Quarterly production volumes of 1,125 Mboe (12,230 Boepd) as compared to 626 Mboe (6,804 Boepd) in Q3 fiscal 2014
(+80% y/y)
Total estimated proved reserves of 57,120 Mboe as of October 31, 2014 as compared to 32,529 Mboe as of October 31, 2013
(+76% y/y)
Consolidated revenues of $174.2 million as compared to $88.5 million in Q3 fiscal 2014 (+97% y/y)
Consolidated adjusted net income of $14.9 million, or $0.15 fully diluted EPS, as compared to $13.0 million, or $0.14 fully diluted EPS in Q3 fiscal 2014 (+15% y/y)
RockPile Energy Services, LLC ("RockPile")Â contributed revenue of $94.1 million and income before taxes of $10.6 million in Q3 fiscal 2015 to Triangle's consolidated financial results, as compared to $33.1 million and ($1.3) million in Q3 fiscal 2014, respectively
$553.6 million of total liquidity as of October 31, 2014, including cash on hand and pro forma for Triangle USA and RockPile credit facility amendments executed in November 2014
As of December 5, 2014 Triangle has repurchased approximately 9.9 million shares of common stock at an average price $7.18 per share. All repurchases are pursuant to previously announced share repurchase programs
https://www.trianglepetroleum.com/index.php?page=news_release&id=100