Exploration & Production
Angle Energy Provides 3Q Cardium Update
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Angle Energy Inc. is pleased to announce its financial and operating results for the three and nine months ended
COMPANY HIGHLIGHTS
Production for the third quarter averaged 14,222 boe/d of which 21 percent was light oil andcondensate, 24 percent was NGLs and 55 percent was natural gas.
Funds from operations for the third quarter of $19.7 million or $0.24 per diluted share.
Light crude oil and condensate production increased 55 percent to 3,066 bbls/d, while total light crude oil and natural gas liquids production increased by 6 percent to reach 6,441 bbls/d, all as compared to the third quarter of 2011. Continued focus on light crude oil and condensate production resulted in a 39 percent increase in production to average 3,066 bbl/d in the quarter when compared to January 2012…
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