Cimarron Petroleum Reports Financial Results For Nine Months Ended September 30, 1995.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)--NOVEMBER 29, 1995-- CIMARRON Cimarron (sĭm`ərŏn'), river, 698 mi (1,123 km) long, rising in NE N.Mex., and flowing generally E to the Arkansas River, W of Tulsa, Okla. It follows the direct route of the Santa Fe Trail for many miles in Kansas. PETROLEUM (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CIR (Committed Information Rate) In a frame relay network, the average transmission rate in bits per second (typically Kbps) for a virtual circuit. It defines the maximum rate that the network can handle under normal conditions. ) CIMARRON PETROLEUM LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . announces its unaudited financial results and supplementary operating data for the nine months ended September September: see month. 30, 1995 as follows: -0-
Three Months Ended Nine Months Ended
Sept. 30 Sept. 30 Sept. 30 Sept. 30
1995 1994 1995 1994
Percent
Change
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FINANCIAL (000 except per share)
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Gross revenues $ 7,833 $ 8,544 24,622 $23,665 + 4
Cash flow 3,763 4,899 12,981 13,662 - 5
Per share 0.47 0.62 1.63 1.75 - 7
Net income (loss) (123) 1,410 3,249 3,928 -17
Per share (0.01) 0.19 0.41 0.51 -20
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PRODUCTION
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Liquids (thousands of
barrels) 199 224 602 606 - 1
Per day (barrels) 2,158 2,433 2,205 2,219 - 1
Netback per barrel
Sales price $20.28 $21.27 $21.74 $19.17 +13
Royalties 3.05 2.58 2.67 2.23 +20
Operating Costs 4.89 4.43 4.75 4.64 + 2
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$12.34 $14.26 $14.32 $12.30 +16
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Gas (million cu ft.) 3,008 2,075 8,729 5,780 +51
Per day (million
cu. ft.) 32.7 22.6 32.0 21.2 +51
Netback per thousand
cu. ft.
Sales price $ 1.26 $ 1.82 $1.32 $2.09 -37
Royalties 0.19 0.20 0.16 0.24 -33
Operating costs 0.27 0.25 0.25 0.27 - 7
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$ 0.80 $ 1.37 $0.91 $1.58 -74
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WELLS DRILLED (January - September 1995)
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Exploratory Development Total
Gross Net Gross Net Gross Net
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Oil 1 1.0 3 1.5 4 2.5
Gas 10 8.8 3 2.9 13 11.7
Dry 2 1.4 - - 2 1.4
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TOTAL 13 11.2 6 4.4 19 15.6
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Sept. 30 Sept. 30 Percent
1995 1994 Change
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LANDS (thousands of acres)
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Gross - Developed 115 96 +20
- Undeveloped 197 177 +11
- Total 312 273 +14
Net - Developed 72 58 +24
- Undeveloped 138 121 +14
- Total 210 179 +17
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NET INDEBTEDNESS (millions)
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Long-term debt (bank loan) (19.1) (11.8)
Working capital (Deficit) ( 0.4) ( 1.6)
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(19.5) (13.4)
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SHARE DATA (millions)
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Weighted average 8.0 7.8
Outstanding at Period End 8.1 7.9
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CONTACT: 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
President and Chief Executive Officer or Chris CHRIS Chemical Hazards Response Information System (US DoD) CHRIS California Historical Resources Information System CHRIS Computerized Human Resources Information System CHRIS Command Human Resources Intelligence System Ripplinger Controller and Chief Financial Officer (403) 265-8900 (403) 266-2780 (FAX) |
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