Forent Announces Third Quarter Results

- November 28th, 2011

Forent Energy Ltd. (TSXV:FEN) reported its third quarter financial results based on International Financial Reporting Standards.

Forent Energy Ltd. (TSXV:FEN) reported its third quarter financial results based on International Financial Reporting Standards.

As quoted in the press release:

Financial and operating – Third Quarter of 2011

  • Oil production in the third quarter increased by 27 percent, with natural gas decreasing by 25%, compared to 2010;
  • average commodity selling prices for oil, NGL’s and natural gas increased by 16 percent vs. 2010;
  • net oil and gas revenues increased by 14 percent to $856,864 from $751,568 in 2010;

Click here to read the Forent Energy Ltd. (TSXV:FEN) press release.

Tags

Leave a Reply