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Zodiac Exploration Announces Release of Third Quarter 2013 Financial Results and provides an Update on Activities
Zodiac Exploration Announces Release of Third Quarter 2013 Financial Results and provides an U...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Zodiac Exploration Announces Release of Third Quarter 2013 Financial Results and provides an Update on ActivitiesZodiac Exploration Announces Release of Third Quarter 2013 Financial Results and provides an Update on Activities\nCalgary, Alberta CANADA, August 20, 2013 /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 nine months ended June 30, 2013 on SEDAR at www.sedar.com.  \nHIGHLIGHTS\nDuring the third quarter of our 2013 fiscal year, Zodiac:\n* Announced that the first well under the farmout agreement (\"Farmout Agreement\") between the Company and Aera Energy LLC (\"Aera\") that was spudded on February 5, 2013 had reached its final vertical depth of 15,362 feet and had been temporarily suspended and remained on a tight hole status.\n* Engaged Meagher Energy Advisors and Western Energy Production to assist the Company in its previously stated objective of maximizing opportunities on its extensive San Joaquin Basin land base through potential joint ventures, farm outs and dispositions.\n* Ended the quarter with a cash balance of $16.8 million and a working capital balance of $15.4 million.\nFINANCIAL HIGHLIGHTS\n-***-\n----------------------------------------------------------------------\nCanadian $000's               Three months ended     Nine months ended\n                                     June 30              June 30  \n----------------------------------------------------------------------\n                                 2013       2012       2013      2012\n----------------------------------------------------------------------\nRevenue    &#...