Zodiac Provides Results from Second Financial Quarter of 2012

- May 18th, 2012

Zodiac Exploration Inc. (TSXV:ZEX), an oil and gas exploration company, announced its results for the second financial quarter of 2012.

Zodiac Exploration Inc. (TSXV:ZEX), an oil and gas exploration company, announced its results for the second financial quarter of 2012.

As quoted in the press release:

During the quarter, Zodiac incurred a net loss of $1.4 million and spent $4.6 million on capital expenditures. Capital expenditures were principally associated with the completion program for the 1-10 horizontal well and lease rentals.

As at March 31, 2012, Zodiac had $22.8 million in working capital.

Click here to read the full Zodiac Exploration Inc. (TSXV:ZEX) press release.

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