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Emerge Oil & Gas Inc. (TSE:EME) reports its second quarter operating and financial results for the three and six month periods ended June 30, 2011.
Emerge Oil & Gas Inc. (TSX:EME) reports its second quarter operating and financial results for the three and six month periods ended June 30, 2011.
The press release is quoted as saying:
Emerge exited the quarter with an exit net debt to annualized funds flow from operations ratio of 1.2:1. The Company’s exit net debt totalled $65.8 million, including $63.4 million drawn on the Company’s available credit facilities of $75 million.
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