1998 Operating Results.HOUSTON--(BUSINESS WIRE)--March 19, 1999--Cheniere Energy Inc. (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) reported a loss of $1,637,844 ($0.10 per share) as compared to a loss of $1,676,468 ($0.14 per share) for the fiscal year ended Aug. 31, 1997. Cheniere changed its fiscal year end from August 31 to December December: see month. 31 in 1997, resulting in a transition period from Sept. 1, 1997 to Dec. 31, 1997. Accordingly, the Company's 1998 results are compared to results for the fiscal year ended Aug. 31, 1997. Cheniere is a development stage company and has not yet begun generating operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. . The 2% decrease in the Company's net loss in 1998 as compared to that in fiscal 1997 is primarily due to a decrease in its general and administrative expenses to $1,658,478 in 1998 compared to $1,713,461 in the 1997 fiscal year. Houston-based Cheniere Energy Inc. in an independent oil and gas company focusing in the Transition Zone of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. . The Company relies extensively on the use of 3-D seismic technology in its exploration. It owns, in a program with one partner, a 228-square-mile proprietary 3-D project in Cameron Cam·er·on , Mount A peak, 4,342.6 m (14,238 ft) high, in the Rocky Mountains of central Colorado. Parish. Acquisition and processing of seismic data in the project has been completed. Interpretation and leasing are underway. Drilling began in February 1999. |
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