Business
Berens Energy Ltd. releases results for the three and six months ended June 30, 2007.
Berens Energy Ltd. releases results for the three and six months ended June 30, 2007..
About this update from Argenta Silver Corp
[{"type":"text","content":"\n\n\n\nSymbol: BEN - TSX\n\n\nCALGARY, Aug. 10 /CNW/ -\n\n\nFINANCIAL AND OPERATING HIGHLIGHTS\n\n\n-------------------------------------------------------------------------\n($ Cdn thousands, Three months Six months\n except as noted) ended June 30, Ended June 30,\n-------------------------------------------------------------------------\n % %\n 2007 2006 Change 2007 2006 Change\n-------------------------------------------------------------------------\nSales volume\n Natural gas\n (mcf/day) 19,919 17,224 16% 19,315 16,935 14%\n Oil and ngls\n (bbl/day) 560 494 13% 530 457 16%\n boe/day\n (6 to 1) 3,880 3,364 15% 3,749 3,280 14%\n-------------------------------------------------------------------------\nRevenue net of\n royalties 12,643 9,845 28% 24,423 19,369 24%\nNet income (loss) (557) (1,606) 65% (3,603) (3,728) 3%\n Per share (basic\n and diluted) $(0.01) $(0.02) 50% $(0.04) $(0.04) -\nFunds from\n operations(1) 7,782 5,375 45% 14,752 11,269 31%\n Per share (basic\n and diluted)(1) $0.08 $0.06 33% $0.16 $0.14 14%\n-------------------------------------------------------------------------\nCapital costs\n Exploration and\n development 5,120 14,090 22,198 29,677\n Land and seismic 1,085 972 2,155 4,030\n Other 3 172 15 651\n-------------------------------------------------------------------------\n Total 6,208 15,234 (57%) 24,368 34,358 (28%)\n-------------------------------------------------------------------------\nNet wells completed\n (No.) 1 9 7 17\n-------------------------------------------------------------------------\nNet working capital\n (deficit) -\n including bank\n debt (63,610) (55,766) (63,610) (55,766)\n-------------------------------------------------------------------------\nShares outstanding\n End of period\n (000's) 93,172 86,447 8% 93,172 86,447 8%\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\nNote:\n(1) Non-GAAP measure - represents cash flow from operating activities\n before non-cash working capital changes. Refer to Management's\n Discussion and Analysis for discussion of this measure.\n\nSecond Quarter 2007 Operating Highlights\n\nBerens is pleased to provide our second quarter results that show good\nproduction growth, reduced operating costs, increased cash flow and ongoing\ndrilling succe...