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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alpetro Resources Ltd | TSXV:ALF | 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 | - |
Alpetro Resources Ltd. (TSX VENTURE:ALF) advises that it has filed its unaudited interim financial statements for the nine months ended September 30, 2010. Accomplishment in Q3 2010 -- Production averaged 116 boe/d in Q3 2010 compared to 93 boe/d in Q3 2009. -- Oil and gas revenues increased 33% in Q3 2010 to $468,630 compared to $315,838 in Q3 2009 due to increase in oil prices. -- Carefully managed capital expenditures commensurate with available funds flow. -- The bank loan of $650,000 (2009 - $875,000) represents the outstanding balance under a $1,425,000 secured credit facility with a Canadian lending institution. -- As of August 24, 2010 the credit facility available was $2,075,000 with a principle reduction of $25,000 on the first day of each month. BOE's may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Alpetro at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provide and the variations may be material. There is no representation by Alpetro that actual results achieved will be the same in whole or part as those indicated in the forward-looking statements.
1 Year Alpetro Resources Ltd Chart |
1 Month Alpetro Resources Ltd Chart |
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