Dominion Explorers - Nine Month Operating Results.CALGARY, ALBERTA--(BUSINESS WIRE)--Nov. 15, 1996--Dominion Explorers I (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). DMN DMN Dimension DMN Dimethylnitrosamine (carcinogen) DMN Data Multiplexing Network DMN Defective Material Notice DMN Discrete Memoryless Network DMN Document Management Number DMN Dynamic Mesh Network DMN Digital Milti-Network .) Dominion Explorers Inc. of Calgary announces the result of its operations for the nine months ending September 30, 1996. Revenues for the period from crude oil, natural gas and natural gas liquids sales were $5,568,000, an increase of 26 percent over revenues for the same period last year of $4,411,000. Cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses was $2,791,000 or $0.16 per share, compared to $2,378,000 or $0.15 per share for the similar period one year ago. Earnings were $1,029,000 or $0.06 per share compared to $1,033,000 or $0.06 per share in the first nine months of 1995. Revenue is up for the period due to higher product prices and increased volumes. Dominion received average prices of $25.50 per barrel of crude oil, $1.53 per thousand cubic feet (MCF) of natural gas and $17.17 per barrel of natural gas liquids in the current nine months versus $21.63 per barrel, $1.49 per MCF and $13.44 per barrel in the same period in 1995. Production for the nine months yielded 6,647 MCF per day and 449 barrels of oil and natural gas liquids per day compared to 5,359 MCF per day and 414 barrels of oil and natural gas liquids per day in the prior period. The majority of the production came from the core properties in the Gilby, Medicine River, Sylvan Lake Sylvan Lake can refer to: Communities:
Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy. . Dominion has drilled 18 wells (6.31 net) to September 30, 1996 resulting in 3 oilwells, 10 gaswells and 5 dry holes and is continuing with an aggressive exploration and drilling program with increased emphasis on 100 percent working interest prospects. Dominion is a crude oil and natural gas exploration and production company with activities focused in Central Alberta. Dominion Explorers Inc. is listed for trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "DMN". CONTACT: Dominion Explorers Inc. John A. Pope, 403/571-1100 403/571-1101 (FAX) Andrew S. Burgess BURGESS. A magistrate of a borough; generally, the chief officer of the corporation, who performs, within the borough, the same kind of duties which a mayor does in a city. In England, the word is sometimes applied to all the inhabitants of a borough, who are called burgesses sometimes it , 403/571-1100 403/571-1101 (FAX) |
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