Exall Energy Corporation Reports Earnings and Production Results for the First Quarter Ended March 31, 2013
Exall Energy Corporation reported earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported gross revenue of CAD 9,753,000 against CAD 8,604,000 a year ago. Funds from operations were CAD 5,024,000 or CAD 0.04 per diluted share against CAD 4,127,000 or CAD 0.06 per diluted share a year ago. Net income before tax was CAD 1,732,000 or CAD 0.01 per basic and diluted share against CAD 1,529,000 or CAD 0.02 per basic and diluted share a year ago. Net income was CAD 896,000 or CAD 0.01 per basic and diluted share against CAD 1,065,000 or CAD 0.02 per basic and diluted share a year ago. Capital expenditures, net were CAD 6,879,000 against CAD 28,200,000 a year ago.
For the quarter, the company reported production of crude oil of 1,218 bbl against 1,004 bbl a year ago. Natural gas liquids were 19 bbl against 15 bbl a year ago. Natural gas was 394 mmcf against 598 mmcf a year ago. Total daily production was 1,303 boe against 1,118 boe a year ago.