Bonavista Petroleum Ltd. reports sharp increases in first quarter.CALGARY, Alberta--(BUSINESS WIRE)--May 30, 1997--Bonavista (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. .) BONAVISTA PETROLEUM LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . reports sharp increases in first quarter production, revenue, and cash flow as a result of the Lone Butte Butte, city, United States Butte (by  t), city (1990 pop. 33,336), seat of Silver Bow co., SW Mont.; inc. 1879. It is a trade, ranching, and industrial center. acquisition on February 1, 1997. Notwithstanding that notwithstanding; although.See also: Notwithstanding the reported results do not reflect the combined assets for the full three month period ended March 31, 1997, average daily production sits at 2,100 boe/d, a three fold increase over the 1996 exit rate of some 700 boe/d. Commensurate with this significant rise in production, revenue was accelerated by 105 percent from $1.58 million last year to $3.23 million in the latest quarter. Cash flow rose 159 percent from $604,000 ($0.11 per share) to $1,565,000 ($0.18 per share). A small loss of $23,000 was recorded, largely due to higher depletion and depreciation charges, versus earnings of $183,000 ($0.03 per share) for the comparable period in 1996. CONTACT: Bonavista Petroleum Ltd. Eric C. Gronberg, 403/265-3320 |
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