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Berens Energy Ltd. releases financial results for the fourth quarter and year ended December 31, 2008
Berens Energy Ltd. Symbol: BEN - TSX CALGARY, March 26 /CNW/ -
About this update from Argenta Silver Corp
[{"type":"text","content":"\n\n\n\nBerens Energy Ltd.\nSymbol: BEN - TSX\n\n\nCALGARY, March 26 /CNW/ -\n\n\n FINANCIAL AND OPERATING HIGHLIGHTS\n\n-------------------------------------------------------------------------\n($ Cdn thousands, Three months Twelve months\n except as noted) ended December 31, ended December 31,\n-------------------------------------------------------------------------\n % %\n 2008 2007 Change 2008 2007 Change\n-------------------------------------------------------------------------\nSales volume\n Natural gas\n (mcf/day) 23,632 19,018 24% 20,507 18,981 8%\n Oil and ngls\n (bbl/day) 882 626 41% 804 564 43%\n boe/day (6 to 1) 4,821 3,796 27% 4,222 3,728 13%\n-------------------------------------------------------------------------\nRevenue net of\n royalties 15,276 13,214 16% 62,660 49,609 26%\nNet income (loss) (699) (680) (3%) 443 (27,440)\n Per share (basic\n and diluted) $(0.01) $(0.01) $0.01 $(0.30)\nFunds from\n operations(1) 10,047 7,991 26% 40,829 29,554 38%\n Per share (basic\n and diluted)(1) $0.11 $0.09 22% $0.44 $0.32 38%\n-------------------------------------------------------------------------\nCapital costs\n Exploration and\n development 9,619 5,986 33,868 35,468\n Disposition - - - (6,750)\n Land and seismic 2,334 412 6,369 4,293\n Other 26 4 40 745\n-------------------------------------------------------------------------\n Total 11,979 6,402 87% 40,278 33,756 19%\n-------------------------------------------------------------------------\nNet wells\n completed (No.)\n-------------------------------------------------------------------------\n Natural gas 2 3 14 14\n-------------------------------------------------------------------------\n Oil - - - 2\n-------------------------------------------------------------------------\n Dry 1 - 4 2\n-------------------------------------------------------------------------\n Total 3 3 18 18\n-------------------------------------------------------------------------\nNet working capital\n (deficit) - excluding\n unrealized hedging\n gains/losses (58,751) (59,678) (1%) (58,751) (59,678) (1%)\n-------------------------------------------------------------------------\nNet working capital\n (deficit) - including\n unrealized heading\n gains/losses (59,386) (59,516) - (59,386) (59,516) -\n-------------------------------------------------------------------------\nShares outstandi...