Quarterly / Earnings Reports
Warren Talks Strength of Rockies, California Projects
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Warren Resources Inc. reported its first quarter 2013 financial and operating results.
Warren reported net income of $2.8 million, or $0.04 per basic and diluted share (including a loss on derivative financial instruments of $1.6 million), compared to net income of $3.8 million, or $0.05 per basic and diluted share, for the first quarter of 2012 (including a loss on derivative financial instruments of $0.9 million).
In announcing the results, Philip A. Epstein, Chairman and Chief Executive Officer, commented, "We are in a stronger financial position thanks to our continued oil drilling success in California and increasing gas prices in our Rocky Mountain projects. On March 1st, we commenced our 23 well California 2013 drilling program which is progressing on schedule. We are currently…
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