CUBE ENERGY CORP. ANNOUNCES FIRST QUARTER 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)--May 16, 1995--CUBE ENERGY CORP (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CUK CUK Conservatoires UK ) Cube Energy Corp. announces financial and operating results for the three month period ended March 31, 1995 as follows: -0-
Percent
1995 1994 Change
------ ------ -------
Revenue $2,832,397 $3,084,632 (8)
Cash Flow $1,383,880 $1,645,441 (16)
Per share - basic $ 0.50 $ 0.60 (17)
- fully diluted $ 0.46 $ 0.59 (22)
Net Earnings $ 279,880 $ 614,441 (54)
Per share - basic $ 0.10 $ 0.22 (55)
- fully diluted $ 0.09 $ 0.22 (59)
Common Shares - issued 2,762,850 2,762,850 -
- fully diluted 3,020,050 2,792,050 8
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Production
- Natural gas (MCF per day) 12,870 10,184 26
- Oil (BBL per day) 267 337 (21)
Average Sales Price - Natural gas (per MCF) $ 1.31 $ 2.32 (44) - Oil (per BBL) $ 22.58 $ 15.90 42 --------------------------------------------------------------- With the recently completed merger with Crestview Crestview is the name of 2 places in the United States:
BOPD Bataan Ocean Petroleum Depot for the year. Cube Energy Corp.'s 1995 Annual General Meeting will be held at 3:00 p.m. on Monday Monday: see week. , June 12, 1995 at the Westin Hotel, 320 - 4 Avenue S.W., Calgary, Alberta. CONTACT: Mr. Randal J. Matkaluk 403/264-4405 INDUSTRY KEYWORD: ENERGY EARNINGS REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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