Courage Energy Reports Financial Results for 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)--APRIL 26, 1996--COURAGE ENERGY INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) COURAGE ENERGY INC. today announced the financial results for the year ended December 31, 1995. Revenues, net of royalties, were $6,282,334 an increase from $6,086,798 in 1994. Cash flow was $2,685,165 compared to $2,811,679 and net earnings were $136,394 a decrease from $652,870 the previous year. Production volumes during 1995 averaged 1,126 BOE/D compared to 1,038 BOE/D in 1994. During the year the Company participated in the drilling of 22 gross (10.9 net) wells resulting in 11 oil, 8 gas and 3 abandoned wells for a success rate of 86 percent. Production volumes had grown at year end to an exit rate of approximately 1,450 BOE/D. CONTACT: Courage Energy Inc. R.G. Moffat President 403/266-4422 403/264-1028 (FAX) |
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