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Zodiac Exploration Announces Release of Second Quarter Financial Results
Zodiac Exploration Announces Release of Second Quarter Financial Results Calgary, Alberta CA...
About this update from Sintana Energy Inc.
[{"type":"text","content":"\nZodiac Exploration Announces Release of Second Quarter Financial Results\n\nZodiac Exploration Announces Release of Second Quarter Financial Results\nCalgary, Alberta CANADA, May 18, 2012 /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 and six month periods ended March 31, 2012 on SEDAR at www.sedar.com.\n  \nHighlights:\nDuring the quarter, Zodiac incurred a net loss of $1.4 million and spent $4.6 million on capital expenditures.  Capital expenditures were principally associated with the completion program for the 1-10 horizontal well and lease rentals.  \nAs at March 31, 2012, Zodiac had $22.8 million in working capital.\nAbout Zodiac\nZodiac is a Calgary based company formed to explore for and eventually develop and produce oil and gas assets in North America with a focus on the San Joaquin Basin in California, USA.  Zodiac has an accumulated land base of approximately 90,000 net acres in Kings and Kern Counties, California.  Zodiac believes that its acreage position contains unconventional (low permeability) as well as conventional light oil prospects.\nFor more information, please contact\nZodiac Exploration Inc. \t\t\nMurray Rodgers\t\t\nPresident & CEO \t\t\n(403) 444-7844\t\t\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nTo view this press release as a web page, click onto the link below:\nwww.usetdas.com/PR/zodiacexploration18052012.htm \nSource: Zodiac Exploration Inc. (ZEX - TSX-V) http://www.zodiacexploration.ca/\nMaximum News Dissemination by FSCwire. http://www.fscwire.com\n\n","length":2144,"tagName":"div"}]