Business
Zodiac Exploration Announces Release of First Quarter 2014 Financial Results and provides an Update on Activities
Zodiac Exploration Announces Release of First Quarter 2014 Financial Results and provides an U...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Zodiac Exploration Announces Release of First Quarter 2014 Financial Results and provides an Update on ActivitiesZodiac Exploration Announces Release of First Quarter 2014 Financial Results and provides an Update on Activities\n\nCalgary, Alberta CANADA, February 26, 2014 /FSC/ - Zodiac Exploration Inc. (ZEX - TSX Venture), (\"Zodiac\" or \"the Company\") announces that it has filed its financial statements and management's discussion and analysis for the three months ended December 31, 2013 on SEDAR at www.sedar.com.  \n\nHIGHLIGHTS\n\nDuring the first quarter of our 2014 fiscal year, Zodiac:\n\n* Completed the acquisition of Muskwa Resources Ltd. (\"Muskwa\"), a private oil and gas company with properties in the Duvernay and Nordegg plays in Alberta and in a Grey Bull channel play in Montana.\n\n* Continued its formal process in California aimed at seeking out partners to jointly develop Zodiac's extensive inventory of land or monetization of the properties.\n\n* Commenced a 9 square mile 3D seismic survey in Montana. \n\n* Ended the quarter with $9,398 in cash and $8,146 in working capital.\n\n\nFINANCIAL HIGHLIGHTS\n\n-***-\n\n------------------------------------------------------------\n Canadian $000's              Three months ended December 31\n------------------------------------------------------------\n                                   2013            2012\n------------------------------------------------------------\n Revenue                             32              37\n------------------------------------------------------------\n Net loss                        22,662           1,462\n--------------------------------------------------...