We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Torque Energy Com | TSXV:TQE | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Torque Energy Inc. (TSX VENTURE:TQE) today filed with Canadian securities authorities its unaudited interim financial statements and related Management's Discussion and Analysis for the three and six month period ended May 31, 2011. Torque realized a profit of $229,777 ($0.02 per share) for the three months ended May 31, 2011 on revenues of $899,522 compared to a profit of $111,187 ($0.01 per share) on revenues of $786,614 for the same period in 2010. For the six months ended May 31, 2011, Torque realized a profit of $416,652 ($0.03 per share) on revenues of $1,668,411 compared to a profit of $261,099 ($0.02 per share) on revenues of $1,513,077 for the same period in 2010. On July 19, 2011, the Ontario Energy Board approved the application to have the Jacob Storage Pool designated as a storage area. As a result of this approval, the Company will receive its second milestone payment of approximately $550,000 from Union Gas pursuant to the definitive Asset Purchase Agreement for the Dover East field natural gas storage reservoir. Proceeds are anticipated early in the fourth quarter. On July 21, 2011, the announced the closing of two asset acquisitions from two separate United States based companies for a total cash consideration of $677,931. These acquisitions will provided the Company with a portfolio of natural gas storage leases, 600 km of seismic data, geological prospects, approximately $1.3 million in tax pools and a 100% working interest in both the Corey East oil pool and the existing Warwick oil well. Copies of the filed documents may be accessed electronically through the SEDAR website at www.sedar.com and the Company's website www.torqueenergy.com.
1 Year Torque Energy Com Chart |
1 Month Torque Energy Com Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions