Border Petroleum Limited Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter Ended September 30, 2015
November 12, 2015 at 05:04 pm EST
Border Petroleum Limited announced unaudited consolidated earnings and operating results for the second quarter ended September 30, 2015. For the quarter, the company announced petroleum and natural gas revenues of $221,297 compared to $360,468 for the same period a year ago. Funds outflow from operations was $179,713 compared to $125,311 for the same period a year ago. Net loss was $272,254 compared to $308,692 for the same period a year ago. Capital expenditures, including decommissioning liabilities was $16,065 compared to $4,644,213 for the same period a year ago.
For the quarter, the company announced oil and liquids production of 41 bbls/d compared to 42 bbls/d for the same period a year ago. Natural gas production was 291 mcf/d compared to 169 mcf/d for the same period a year ago. Oil equiavlent production was 89 boe/d compared to 70 boe/d for the same period a year ago.