TSX.V:GX
CALGARY, Nov. 25 /CNW/ - Guardian Exploration Inc. (TSX.V-GX) ("Guardian") has filed with Canadian securities regulatory authorities its unaudited consolidated financial statements for the three and nine month periods ended September 30, 2008 and the accompanying management's discussion and analysis (MD&A). These filings are available in their entirety on the SEDAR website at www.sedar.com.
A summary of the key comparative operating results for Guardian is as follows:
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Three Months Ended Nine Months Ended
September 30 September 30
2008 2007 2008 2007
$ $ $ $
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Petroleum and natural
gas revenue, before
royalties 2,220,965 - 4,979,033 90,277
Funds flow from (used
in) operations 1,542,499 (363,044) 3,141,155 (1,012,885)
- Per share 0.04 (0.02) 0.09 (0.05)
Net income 947,256 1,225,663 2,305,563 208,060
- Per share 0.02 0.06 0.07 0.01
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Production (boe/day) 232 - 180 9
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About Guardian Exploration Inc.
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Guardian Exploration Inc. is an Alberta-based oil and natural gas company.
Guardian is engaged in the exploration for, and the acquisition, development
and production of, natural gas and crude oil with emphasis on the shallow to
mid-depth hydrocarbon rich zones of Canada's Western Sedimentary Basin
focusing on Alberta, northeastern British Columbia and Montana.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
%SEDAR: 00023604E