ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

RRL Resolute Resources Ltd

0.01
-0.005 (-33.33%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Resolute Resources Ltd TSXV:RRL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -33.33% 0.01 0.01 0.015 0.01 0.01 0.01 1,000 16:16:35

Relentless Resources Announces Filing of 3rd Quarter Financial Statements

29/11/2013 10:47pm

Marketwired Canada


Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL)
announces that it has filed its unaudited condensed interim financial statements
for the three and nine month periods ended September 30, 2013, and the
accompanying management's discussion and analysis, such filings available on
SEDAR at www.sedar.com.


Since the closing of the asset exchange in June 2013, Relentless has conducted a
systematic review of the assets acquired in June of 2013 and plans to execute a
number of well recompletions over the next six to twelve months. The actual type
and number of recompletions will be determined by the results of the initial two
or three operations. In addition to the recompletions, Relentless is actively
pursuing farm out opportunities on portions of its approximately 85 sections of
land acquired in the asset exchange.


The acquired assets have increased total corporate production, lowered operating
expenses and increased corporate netbacks. Relentless plans to grow by taking
advantage of the financial strength the Company has established. 


About Relentless Resources Ltd.

Relentless is a Calgary based emerging oil and natural gas company, engaged in
the exploration, development, acquisition and production of natural gas and
light gravity crude oil reserves in Alberta. Relentless' common shares trade on
the TSX Venture Exchange under the symbol RRL.


Relentless' primary corporate objective is to achieve non-dilutive growth and
enhance shareholder value through internal prospect development, strategic
production acquisitions and prudent financial management.


Neither 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.


Forward-Looking Statements: All statements, other than statements of historical
fact, set forth in this news release, including without limitation, assumptions
and statements regarding the financial results, and future plans, operations and
objectives of the Company are forward-looking statements that involve
substantial known and unknown risks and uncertainties. Some of these risks and
uncertainties are beyond management's control, including but not limited to, the
impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of foreign exchange rates, environmental risks,
industry competition, availability of qualified personnel and management,
availability of materials, equipment and third party services, stock market
volatility, timely and cost effective access to sufficient capital from internal
and external sources. The reader is cautioned that assumptions used in the
preparation of such information, although considered reasonable by the Company
at the time of preparation, may prove to be incorrect. There can be no assurance
that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. 


These assumptions and statements necessarily involve known and unknown risks and
uncertainties inherent in the oil and gas industry such as geological,
technical, drilling and processing problems and other risks and uncertainties,
as well as the business risks discussed in Management's Discussion and Analysis
of the Company under the heading "Risk Factors and Risk Management". The Company
does not undertake any obligation, except as required by applicable securities
legislation, to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Relentless Resources Ltd.
Dan Wilson
President & CEO
(403) 532 - 4466 ext. 227 or Mobile: (403) 874 - 9862
(403) 303 - 2503 (FAX)
dwilson@relentless-resources.com
www.relentless-resources.com

1 Year Resolute Resources Chart

1 Year Resolute Resources Chart

1 Month Resolute Resources Chart

1 Month Resolute Resources Chart

Your Recent History

Delayed Upgrade Clock