Beaver Lake Announces Second Quarter 1997 Results.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)--Sept. 2, 1997--Beaver Lake Resource (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BVL BVL bovine viral leukosis. .) Beaver Lake Beaver Lake may refer to:
2nd Quarter Ended June 30
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Percent
Financial Data 1997 1996 Change
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Revenue (net of royalties) 1,811,568 1,850,688 (2)
Net income 495,663 537,069 (8)
Net income per share 0.03 0.03 0
Cash flow 737,930 726,255 2
Cash flow per share 0.04 0.04 0
Capital expenditures 3,212,127 295,952 985
Balance sheet highlights
Working capital (1,484,334) 248,835 (696)
Capital assets, net 8,742,797 4,760,018 84
Long-term debt 2,940,000 1,750,000 68
Shareholders' equity 4,383,810 3,105,698 41
Weighted average shares o/s 19,453,295 19,408,666 0
Production Data
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Six Month Average
Oil production (bbls/day) 300 343 (12)
Gas production (mcf/day) 2,190 1,700 29
BOE per day (gas at 10:1) 519 513 1
Beaver Lake is an oil and gas company focusing on exploration, development and exploitation activities, primarily in the Province of Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. , Canada. The Alberta Stock Exchange has neither approved nor disapproved the information set out herein. CONTACT: Beaver Lake Resources Corporation Alex Cathcart, 403/269-5550 403/269-5585 (FAX) 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
403/269-5585 (FAX) |
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