Exploration & Production | Quarterly / Earnings Reports
Petroamerica Tags Four Maracas Oil Producers in Q3; Edits Budget
Print
|
Petroamerica Oil Corp. has reported the financial and operating results for the three and nine months ended September 30, 2013.
Quarterly highlights include: Generated net income of $18.2 million ( $0.03 per share basic), funds flow from operations of $35.3 million ( $0.06 per share basic) and positive cash flow from operations of $34.1 million ( $0.06 per share basic), resulting in cash on hand at September 30 of over $64 million (current cash on hand: $77.9 million ); Realized a Brent referenced sales price of $108 per barrel and an operating netback of approximately $78 /bbl; Achieved quarter-over-quarter production growth with total Company average production for the third quarter of 5,951 barrels of oil per day, compared to 5,046 bopd in the second quarter. Production average for…Finish this article — free account or subscription
- ✓ 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
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in