Forent Energy: 2012 First Quarter Financial Results

Forent Energy Ltd. (TSXV:FEN) reported its 2012 first quarter financial results.

As quoted in the press release:

Financial and Operating Results – First Quarter 2012

• The Company was cash flow positive in the first quarter and enjoyed positive corporate netbacks, compared to in 2011;

• average oil and gas production increased 3 percent compared to 2011;

• weighted average commodity selling prices decreased by 12 percent vs. 2011, due to significantly lower natural gas prices;

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