Business
Cathedral Energy Services reports results for 2010 Q1, updated 2010 capital budget and 2010 Q2 dividend
Cathedral Energy Services reports results for 2010 Q1, updated 2010 capital budget and 2010 Q2 di...
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n\n\n\n May 5, 2010 (Canada NewsWire Group) -- /NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n Cathedral Energy Services Ltd. (the "Company" or "Cathedral" / TSX: CET) is pleased to report its results for 2010 Q1, updated 2010 capital budget and 2010 Q2 dividend. Dollars are in '000's except for day rates and per share amounts.\n\n\n >\n\n\n\nMANAGEMENT'S DISCUSSION & ANALYSIS\n\nThis Management's Discussion & Analysis ("MD&A") for the three months ended March 31, 2010 should be read in conjunction with the annual audited consolidated financial statements and notes thereto for the year ended December 31, 2009, as well as the MD&A in the 2009 Annual Report of Cathedral Energy Services Ltd. ("the Company" / "Cathedral"). This MD&A has been prepared as of May 5, 2010. Dollar amounts are in '000's except for day rates and per share amounts.\n\nFORWARD LOOKING STATEMENTS\n\nThis MD&A contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. In particular, this MD&A contains forward-looking statements relating to: access to capital; projected capital expenditures and commitments and the financing thereof; expected proceeds on disposal of wireline and other property and equipment; equipment delivery dates; establishment of new operating bases; customer commitments; financial results; activity levels; technology advances; and dividends. The Company believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly ...