Business
RIPPER OIL AND GAS INC. RELEASES SECOND QUARTER RESULTS
RIPPER OIL AND GAS INC. RELEASES SECOND QUARTER RESULTS
About this update from Nevada King Gold Corp
[{"type":"text","content":"\n\n\n\n Nov. 25, 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\n\nTSX VENTURE STOCK SYMBOL: RIP\n\n\nCALGARY, Nov. 25 /CNW/ - Ripper Oil and Gas Inc. (TSX: RIP) ("Ripper" or the "Corporation") presents its second quarter 2010/2011 financial results for the nine\n months ended September 30, 2010, and operational activities to date. \n Corporate highlights include:\n\n\n\nthe Corporation closed its previous divestiture of assets at Halkirk,\n Mikwan, Chigwell and Twining to an arm's length party in consideration\n for $13.2 million, effective August 1, 2010. Ripper's net production\n from these assets averaged 244 boe/day. \n\n\none minor asset sale closed in the quarter for a consideration of\n $166,000 and two assets sales closed subsequent to quarter end to arm's\n length parties for aggregate consideration of $747,400.  Ripper's net\n production from the three assets averaged approximately 26 boe/day.\n\n\npart of the proceeds from property divestitures were directed to pay off\n bank indebtedness in the second quarter.  The company is now debt free\n and has no bank line in place at this time.\n\n\nsubsequent to September 30, 2010, the Corporation entered into an\n agreement to sell its Wildmere assets to an arm's length party,\n effective October 1, 2010.  The agreement is conditional on negotiation\n of a binding purchase and sale agreement, and upon completion of due\n diligence.  Presently all wells associated with the pr...