Emerge Announces Strong Second Quarter 2011 Results

Energy Investing

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.

Click here to access the entire press release

financial results Market News