Forent Energy: 2012 First Quarter Financial Results

- May 25th, 2012

Forent Energy Ltd. (TSXV:FEN) reported its 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.

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