Exploration & Production
Triangle Petroleum Reports Third Quarter Results and Provides Bakken Operational Update
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Triangle Petroleum Corporation (“Triangle” or “the Company”) (AMEX:TPLM) today reported its third quarter fiscal 2012 financial and operational results. Triangle is focus on developing the Bakken Shale and Three Forks formations of the Williston Basin in North Dakota and Montana.
Highlights Include:
Revenue for the quarter was $3.46mm, representing sequential quarterly growth of 454.4% EBITDA in the quarter of $1.05mm, excluding stock-based compensation and other non-cash items Average reported production in the quarter of approximately 450 Boe/d As of December 8, 2011, current production estimated to be approximately 800 Boe/d Successfully drilled first Triangle-operated well, the Dwyer 150-101-21-16-1H, located in McKenzie County, North Dakota Spudded second operated well, the…- ✓ Full news archive — U.S., Canada & international coverage
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