Business
BNK Petroleum Inc. Announces 3rd Quarter 2012 results
CALGARY, Nov. 12, 2012 /CNW/ - All amounts are in U.S. Dollars unless otherwise indicated: ...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Nov. 12, 2012 /CNW/ - All amounts are in U.S. Dollars unless\n otherwise indicated:\n\n\n\n\n\n \n\n\nThird Quarter\n\n \n\nFirst Nine Months\n\n \n\n   \n\n\n \n\n\n2012\n\n\n2011\n\n\n%\n\n\n2012\n\n\n2011\n\n\n%\n\n\n               \n\n\nEarnings (Loss):            \n\n\n$ Thousands\n\n\n$(4,260)\n\n\n$(274)\n\n\nL\n\n\n$(10,410)\n\n\n$18\n\n\nL\n\n\n$ per common share\n\n\n$(0.03)\n\n\n$0.00\n\n\nL\n\n\n$(0.07)\n\n\n$0.00\n\n\nL\n\n\nassuming dilution\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n               \n\n\nCapital Expenditures\n\n\n$12,746\n\n\n$11,436\n\n\n11%\n\n\n$36,104\n\n\n$23,180\n\n\n56%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAverage Production (Boepd)\n\n\n1,547\n\n\n1,868\n\n\n(17%)\n\n\n1,547\n\n\n    1,503\n\n\n3%\n\n\nAverage Product Price per Barrel\n\n\n$34.11\n\n\n$46.81\n\n\n(27%)\n\n\n$35.01\n\n\n   $46.79\n\n\n(25%)\n\n\nAverage Netback per Barrel\n\n\n$17.77\n\n\n$28.27\n\n\n(37%)\n\n\n$17.71\n\n\n  $27.56\n\n\n(36%)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n9/30/2012\n\n\n \n\n\n12/31/2011  \n\n\n \n\n\n9/30/2011\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCash and Cash Equivalents\n\n\n$10,285\n\n\n \n\n\n$40,496\n\n\n \n\n\n$41,957\n\n\n \n\n\nWorking Capital\n\n\n$7,904\n\n\n \n\n\n$39,697\n\n\n \n\n\n$46,154\n\n\n \n\n\n\n\n\nBNK's President and Chief Executive Officer, Wolf Regener commented:\n\n\n\"Third Quarter results reflect our continued investment in Poland as we\n seek to discover new large shale gas reserves in that country as well\n as continued investment in our Oklahoma assets.  In Poland we believe\n we are much closer to proving that shale gas will work in Europe with\n our Gapowo B-1 well results.  We are looking forward to obtaining the\n approvals needed to drill the lateral to test the overpressured, high\n gas show intervals that we encountered.  In the United States our\n production ...