Business
Berens Energy Ltd. releases financial results for the three and six months ended June 30, 2008
Symbol: BEN - TSX CALGARY, Aug. 13 /CNW/ - FINANCIAL AND OPERATING HIGHLIGHTS
About this update from Argenta Silver Corp
[{"type":"text","content":"\n\n\n\nSymbol: BEN - TSX\n\n\nCALGARY, Aug. 13 /CNW/ -\n\n\n FINANCIAL AND OPERATING HIGHLIGHTS\n\n-------------------------------------------------------------------------\n($ Cdn thousands, Three months Six months\n except as noted) ended June 30, ended June 30,\n-------------------------------------------------------------------------\n % %\n 2008 2007 Change 2008 2007 Change\n-------------------------------------------------------------------------\nSales volume\n Natural gas\n (mcf/day) 19,677 19,919 (1%) 19,390 19,315 -\n Oil and ngls\n (bbl/day) 859 560 53% 744 530 40%\n-------------------------------------------------------------------------\n boe/day (6 to 1) 4,139 3,880 7% 3,975 3,749 6%\n-------------------------------------------------------------------------\nRevenue net of\n royalties 20,738 12,643 64% 35,255 24,423 44%\n-------------------------------------------------------------------------\nNet (loss) (1,612) (557) (189%) (7,026) (3,603) (95%)\n Per share (basic\n and diluted) $(0.02) $(0.01) $(0.08) $(0.04)\n-------------------------------------------------------------------------\nFunds from\n operations(1) 12,570 7,782 62% 21,839 14,752 48%\n Per share (basic\n and diluted)(1) $0.13 $0.08 $0.23 $0.16\n-------------------------------------------------------------------------\nCapital costs\n Exploration and\n development 1,696 5,120 (67%) 11,865 22,198 (46%)\n Land and seismic 1,015 1,085 (6%) 2,429 2,155 13%\n Other 4 3 25% 7 15 (53%)\n-------------------------------------------------------------------------\nTotal 2,715 6,208 (56%) 14,301 24,368 (41%)\n-------------------------------------------------------------------------\nNet wells completed\n (No.) - 1 5 7\n-------------------------------------------------------------------------\nNet working capital\n deficit - excluding\n unrealized hedging\n losses (51,766) (65,073) (20%) (51,766) (65,073) (20%)\n-------------------------------------------------------------------------\nNet working capital\n deficit - including\n unrealized hedging\n losses (63,942) (63,610) 1% (64,942) (63,610) 2%\n-------------------------------------------------------------------------\nShares outstanding\n End of period\n (000's) 93,547 93,172 - 93,547 93,172 -\n-------------------------------------------------------------------------\n------------------------------------------...