Business
Result Energy Inc. boosts Q1 production by 40% despite shut-in volumes at Clearhills and Pembina
Result Energy Inc. boosts Q1 production by 40% despite shut-in volumes at Clearhills and Pembina.
About this update from Route 109 Resources Inc.
[{"type":"text","content":"\n\n\n\n\nTSX Venture: RTE\n\nCALGARY, June 6 /CNW/ - Result Energy Inc. (\"Result\") is pleased to\nannounce the following highlights of operating results for Q1, and an update\non 2006 activity:\n\n>\n\nThe full content of Result's unaudited financial statements and the\nrelated Management Discussion and Analysis (\"MD&A\") for Q1 2006 are available\nfor review on SEDAR and the company's website (www.resultenergy.com).\nResult also reports the following update on its main exploration and\noperation activities for the 2006 year-to-date period:\n\n>\n\nBill Matheson added in summary \"Result has experienced a challenging\nenvironment in 2006 owing to soft natural gas prices and tie-in delays.\nHowever, with our drillbit success year-to-date and our basket of exploration\nand development projects in the works, we are very excited about the balance\nof 2006 and 2007\".\n\nResult Energy Inc. is a publicly traded Canadian energy company involved\nin the exploration and development of oil and gas properties in western\nCanada, with a current exploration focus in the Peace River Arch region.\nResult trades on the TSX Venture Exchange under the symbol \"RTE\".\n\nInvestors are cautioned that this news release contains forward looking\ninformation. Such information is subject to known and unknown risks,\nuncertainties and other factors that could influence actual results or events\nand cause actual results or events to differ materially from those stated,\nanticipated or implied in the forward-looking information. Readers are\ncautioned not to place undue reliance on forward-looking information, as no\nassurances can be given as to future results, levels of activity or\nachievements.\nThe term barrels of oil equivalent (\"boe\") may be misleading,\nparticularly if used in isolation. A boe conversion ratio of six thousand\ncubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence\nis based on an energy equivalency conversion method primarily applicable at\nthe burner tip and does not represent a value equivalency at the wellhead. All\nboe conversions herein are derived from converting gas to oil in the ratio mix\nof six thousand cubic feet of gas to one barrel of oil.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nand accuracy of this release.\n\n%SEDAR: 00012334E\n\n\n","length":8584...