Business
King Energy Inc. Announces Third Quarter Results.
King Energy Inc. Announces Third Quarter Results..
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\n\nCALGARY, Feb. 28 /CNW/ - King Energy Inc. (\"King) (TSXV:KNG) is pleased\nto present its financial results for the three and nine month periods ended\nDecember 31, 2005.\n\nHighlights:\n\n- Production during the nine months ended December 31, 2005 averaged\n 215 boe/d. This is an increase of 51% over the nine month period ended\n December 31, 2004.\n\n- Production for the quarter ended December 31, 2005 averaged 285 boe/d.\n This is an increase of 51% over the same quarter in the prior year, and\n a 46% increase over the previous quarter ended September 30, 2005.\n\n- Revenue for the nine months ended December 31, 2005 was $3,299,195.\n This is an increase of 83% over the $1,806,360 for the nine months\n ended December 31, 2004.\n\n- Revenue for the three months ended December 31, 2005 was $1,499,430\n compared to $819,041 for the same three months of the prior year.\n\n- Cash flow from operations for the nine months ended December 31, 2005\n increased to $1,248,377 from $686,422 for the nine months ended\n December 31, 2004.\n\n- Net income for the nine months ended December 31, 2005 was $502,372\n compared to $218,957 for the nine months ended December 31, 2004.\n\n\n>\n\n\n\n","length":3649,"tagName":"div"}]