Anderson Energy: 6,825 BOED Production in 2012 Second Quarter

- August 13th, 2012

Anderson Energy Ltd. (TSX:AXL) has produced 6,825 BOED in its second quarter of 2012.

Anderson Energy Ltd. (TSX:AXL) has produced 6,825 BOED in its second quarter of 2012.

As quoted in the press release:

HIGHLIGHTS

Funds from operations in the second quarter of 2012 were $7.6 million. Production in the second quarter of 2012 was 6,825 BOED. Funds from operations for the first half of 2012 were $18.2 million.

Anderson Energy’s President & Chief Executive Officer, Brian H. Dau said:

Anderson is encouraged that natural gas pricing has recently strengthened in response to a reduction in North American gas directed drilling activity, as well as a warmer than normal United States summer resulting in higher electrical generation demand. Natural gas storage is still higher than average for this time of year and, as a result, shoulder season pricing could soften.

Click here to read the Anderson Energy Ltd. (TSX:AXL) press release.

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