Business
Zodiac Exploration Announces Release of Year Ending September 30, 2013 Financial Results and provides an Update on Activities
Zodiac Exploration Announces Release of Year Ending September 30, 2013 Financial Results and p...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Zodiac Exploration Announces Release of Year Ending September 30, 2013 Financial Results and provides an Update on ActivitiesZodiac Exploration Announces Release of Year Ending September 30, 2013 Financial Results and provides an Update on Activities\n\nCalgary, Alberta CANADA, December 04, 2013 /FSC/ - Zodiac Exploration Inc. (ZEX - TSX Venture), announces that it has filed its financial statements and management's discussion and analysis for the year ended September 30, 2013 on SEDAR at www.sedar.com. \n\nHIGHLIGHTS\n\nDuring the year ended September 30, 2013, Zodiac:\n\n* Signed a definitive farmout agreement with Aera Energy LLC, a large California operator, whereby Aera acquired the right to earn a 50% interest in approximately 19,600 net acres of Zodiac lands located in Kings County, California. \no Drilled the initial Phase 1 vertical earning well reaching TD in April 2013. The well remains on tight hole status while Aera continues to evaluate the results of the well.\n\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\n* Continued to develop its land base which currently sits at approximately 72,000 net acres, including a program of lease extensions. \n\n* Ended the year with $13,923 in cash and $13,914 in working capital.\n\nFINANCIAL HIGHLIGHTS\n\n-***-\n\n    --------------------------------- ------------------------------------------\n    Canadian $000's                            Year ended September 30\n    --------------------------------- ------------------------------------------\n    --------------------------------- ---------------------- -------------------\n                                              2013         &#...