Here is what is shaking down.
Currently they have no debt, and as of last quarter they made 19 cents per share cashflow (left over money after taxes and expenses)
THREE MONTH PERIOD ENDED SEPTEMBER 30, 2011
?? Net income for the three months ended September 30, 2011 was $21.0 million (
.06
per share basic), compared to $1.2 million (
.004 per share basic) for the three months
ended September 30, 2010.
?? 237% increase in total revenue to $46.8 million in Q311 compared to $13.9 million in the
third quarter of ??????????????Q310??????
?? 917% increase in cash flow from operating activities to $64.1 million (
.19 per share
basic) in Q311 compared to $6.3 million (
.02 per share basic) in Q310.
?? Funds flow from production operations of $42.1 million in Q311 compared to $9.4 million
in Q310 (see note regarding non-IFRS measures under Financial and Operating
Results).
?? ?????????????? ???????????? ?????? ???????????????????? ???????????? petroleum produced and sold for Q311 was 446,981
????????????????????bbls????.
?? The average price received for Umusadege production in Q311 was US $112.54 per
barrel (approximately CDN $114.79 per barrel) compared to US $79.04 per barrel (CDN
$75.83) for Q310.
?? In Q311 the UMU-8 well was completed and tested at a total combined rate of 7,661
barrels of oil per day ????????????????.
?? During Q311, the Umusadege field was shut-in for a total of approximately 11 days, due
to injection restrictions, pipeline space constraints, export pipeline vandalism and
operational issues including time required to allow rig skidding and completion
operations necessary for the ongoing drilling program.
NINE MONTH PERIOD ENDED SEPTEMBER 30, 2011
?? The Company reported $50.7 million of net income (
.15 per share basic) for the nine
months ended September 30, 2011 compared to $6.6 million (
.02 per share basic) for
the nine months ended September 30, 2010.
?? 150% increase in total revenue to $121.7 million for the nine months period ended
September 30, 201 compared to $48.6 million for the same period in 2010.