Palliser Oil & Gas Corporation Reports 2010 Second Quarter Financial and Operating Results

Palliser Oil & Gas Corporation (TSXV:PXL) reported the financial and operating results for the three and six months ended June 30, 2010.

The press release is quoted as saying:

Palliser drilled 4 (4.0 net) oil wells with a success rate of 100%. Palliser achieved record quarterly production levels during the second quarter of 2010 with continued production growth. Production during the quarter averaged 536 boe/d, an increase of 374% from 113 boe/d in the second quarter of 2009. Palliser continued quarter over quarter production growth. Production in the second quarter was higher by 40% from the first quarter average of 382 boe/d. Production in the second quarter was weighted 88% to crude oil with strong operating netbacks.

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