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FX Energy: Third Quarter Results Show Three and Nine Month Records for Production and Revenues
Nov. 09, 2012 10:12AM PST
Resource Investing News FX Energy, Inc. (NASDAQ: FXEN) announced today its net income of $2.0 million, or $0.04 per share, for the quarter ended September 30, 2012. Excluding a non-cash foreign currency exchange gain of $10.5 million, the Company would have recorded a third quarter 2012 net loss of $(8.5) million, or $(0.16) per share.
FX Energy, Inc. (NASDAQ: FXEN) announced today its net income of $2.0 million, or $0.04 per share, for the quarter ended September 30, 2012. Excluding a non-cash foreign currency exchange gain of $10.5 million, the Company would have recorded a third quarter 2012 net loss of $(8.5) million, or $(0.16) per share.
As quoted in press release:
A material boost in average prices for our oil and gas combined with a modest boost in production yielded a significant revenue gain.Our production gains are expected to continue. This raises the potential for increased revenues for the fourth quarter of 2012. The negative impact of expensing the Kutno well costs will be mostly limited to the third quarter.
Click here to read the FX Energy () press release
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