Beaver Lake - Record 3rd Quarter Earnings.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Nov. 4, 1996-- (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). BVL BVL bovine viral leukosis. . ) BEAVER LAKE Beaver Lake may refer to:
Increases in results were experienced as a result of the 1996 capital program, that commenced early in the third quarter. Current production is estimated to be approximately 460 BOPD BOPD Barrels of Oil Per Day BOPD Bataan Ocean Petroleum Depot and 2,300 Mcfpd. With additional successful development activities, scheduled for the 4th quarter, management estimates that exit production rates for 1996 will be approximately 500 BOPD and 3,000 Mcfpd. -0-
Nine months ended September 30
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Percent
Financial data 1996 1995(x) Change
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Gross production revenue 3,282,100 354,925 825
Net income 946,469 (168,669) 661
Net income per share 0.05 (0.01) 200
Cash flow 1,250,180 ( 19,169) 6,622
Cash flow per share 0.06 (0.01) 700
Capital expenditures 750,441 2,212 33,826
Balance sheet highlights
Working capital 164,610 ( 17,315) 1,845
Capital assets, net 5,110,877 444,867 1,049
Long-term debt 1,750,000 -
Shareholders' equity 3,530,098 424,452 732
Weighted average shares o/s 19,415,332 3,328,140 483
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(x) Prior to business combination with Capco Resource Properties
Ltd.
INFORMATION SESSION IN TORONTO Beaver Lake Resources Corporation invites all interested parties to attend a slide presentation in Toronto as follows:
King Edward Hotel, Toronto
Knightsbridge Room
Wednesday, November 6, 1996
cocktails 4:30 pm
presentation 5:00 p.m.
The Alberta Stock Exchange has neither approved nor disapproved the information set out herein. CONTACT: Beaver Lake Resources Corporation Alex Cathcart, 403/ 269-5550 or Beaver Lake Resources Corporation Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
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