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Black Ridge Ups Production 227%; Talks Williston Wells
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Black Ridge Oil & Gas Inc. has reported financial and operating results for the three months and year ended December 31, 2012.
Company Records Set during 2012 Proved reserves, prepared by Netherland, Sewell & Associates, Inc. increased 397% from 2011 to 2.4 million barrel of oil equivalents (MMBOE) Production of 73.9 thousand barrel of oil equivalents (MBOE) represents 227% increase from 2011 Total revenues increased 214% to $6.0 million Net income (including settlement income) reached $4.9 million compared to a net loss of $(2.5) million in 2011 Total cash flow increased to $15.0 million from a use of cash of $(0.3) million for 2011 Operational Achievements during 2012 Participated in the completion of 42 gross (1.62 net) wells with a 100% success rate The Company ended the year with…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
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