Operational Updates
Voyager Oil & Gas, Inc Forth Quarter 2011 Financial and Operational Review
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Fourth Quarter 2011 Financial Review
Revenue for the three months ended December 31, 2011 was $3.05 million, an increase of $2.56 million, or 520%, from revenue of $0.49 million for the quarter ended December 31, 2010.
Production taxes in the fourth quarter were $0.29 million or 7.49% of revenue. For the year ended December 31, 2011, production taxes were $0.72 million or 8.50% of revenue. In comparison, production taxes for the year ending December 31, 2010 were $0.10 million or 10.89% of revenue. The reduction in the rate of taxation was due primarily to an increase in Montana production, which has a more favorable tax regime than North Dakota.
Operational Update
Voyager continued its active leasehold acquisition strategy in 2011, increasing its overall leasehold assets by nearly 65%…
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