Business
COMPTON REPORTS THIRD QUARTER 2010 RESULTS
COMPTON REPORTS THIRD QUARTER 2010 RESULTS
About this update from Cullinan Metals Corp
[{"type":"text","content":"\n\n\n\n Nov. 4, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, Nov. 4 /CNW/ - Compton Petroleum Corporation (TSX - CMT) reports its financial and operating results for the third quarter ended September 30, 2010.\nThe full text of Management's Discussion and Analysis ("MD&A") and the Corporation's unaudited consolidated financial statements can be found on the Corporation's website at www.comptonpetroleum.com, at www.sedar.com and at www.sec.gov.\n\n\n >\n\nCompton anticipates that the current low price level for natural gas will remain in place through 2011, resulting in Management's continued prudent approach to capital investment decisions. Management will continue to focus on its strategy of optimizing asset value, reducing costs, and carefully managing the Corporation's capital structure. This approach has improved Compton's operating efficiencies and partially offset the impact of lower natural gas prices on cash flows generated by operations.\nCompton's focus on evaluating assets, drilling and operating practices and implementing cost control initiatives over the past year is resulting in improved returns on investment.\n"The Plan of Arrangement was an important step in improving the stability of our capital structure and will have a positive impact on debt and interest costs," said Tim Granger, President and Chief Executive Officer. "In this challenging natural gas price environment, we are focusing on improving operational efficiencies ...