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Petrolifera Petroleum reports 2008 year end results
CALGARY, March 12 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) today announced solid financi...
About this update from Medexus Pharmaceuticals Inc.
[{"type":"text","content":"\n\n\n\nCALGARY, March 12 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) today\nannounced solid financial and operating results for the year ended December\n31, 2008. Stable production was accompanied by favorable commodity pricing in\nthe fourth quarter 2008 and resulted in the company's twelfth successive\nquarter of positive cash flow from operations before changes in working\ncapital ("cash flow") and net earnings since becoming a public company in late\n2005.\n\n\nThese Year End results will be the subject of a Conference Call at 9:00\na.m. MST on March 13, 2009. To listen to or participate in the live conference\ncall please dial either (416) 644.3414 or (800) 733.7560. A replay of the\nevent will be available from Friday, March 13, 2009 at 11:00 a.m. MST until\n23:59 (11:59 p.m.) MST on Friday, March 20, 2009. To listen to the replay\nplease dial either (416) 640-1917 or Toll Free at (877) 289-8525 and enter the\npasscode 21294036 followed by the number sign.\n\n\nSummary Results are as follows:\n\nFor the years ended December 31,\n 2008 2007 % Change\nFINANCIAL ($000 except per share amounts)\nTotal revenue 130,326 134,223 (3)\nCash flow from operations before\n working capital changes(1) 62,802 68,445 (8)\n Per share, basic(1) 1.19 1.43 (17)\n Per share, diluted(1) 1.17 1.33 (12)\nNet earnings 11,554 29,301 (61)\n Per share, basic 0.22 0.61 (64)\n Per share, diluted 0.22 0.57 (61)\nCapital expenditures 116,751 111,025 5\nCash and cash equivalents 30,701 13,052 135\nWorking capital 19,956 (31,779) 163\nLong-term debt 77,150 - -\nShareholders' equity 202,347 120,303 68\nTotal assets 355,658 204,227 74\nOPERATING\nDaily sales volumes\n Crude oil - bbl/d 6,891 7,919 (13)\n Natural gas - mcf/d 5,942 2,157 175\n Barrels of oil equivalent - boe/d(2) 7,881 8,279 (5)\nReserves (mboe)(3)\n Total Proved (1P) 13,049 17,782 (27)\n Total Proved plus probable (2P) 20,035 25,566 (22)\n Total Proved plus probable\n plus possible (3P) 29,458 39,037 (25)\nPrices\n Oil - $/bbl 49.46 45.51 9\n Natural gas - $/Mcf 2.49 1.55 61\n Barrels of oil equivalent - $/boe 45.12 43.94 3\nCommon shares outstanding (000s)\n Weighted average - Basic 52,648 47,990 10\n Weighted average - Diluted 53,573 51,435 4\nEnd of period 54,948 50,127 10\n\n(1) Cash flow from operations before non-cash working capital changes\n ("cash flow") and...