Dominion Explorers Announces Operations Results.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 17, 1995-- DOMINION EXPLORERS (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, 1995. Revenues for the period from crude oil, natural gas and natural gas liquids sales were $4,411,000, an increase of 89 percent over revenues for the same period last year of $2,336,000. 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 $2,378,000 or $0.15 per share, compared to $1,059,000 or $0.11 per share for the similar period one year ago. Earnings were $1,033,000 or $0.06 per share compared to $362,000 or $0.04 per share in the first nine months of 1994. Revenue is up for the period due to higher crude oil, natural gas and natural gas liquids sales volumes. Dominion received average prices of $21.63 per barrel of crude oil, $1.49 per thousand cubic feet (MCF) of natural gas and $13.44 per barrel of natural gas liquids in the current nine months versus $19.04 per barrel, $2.11 per MCF and $12.19 per barrel in the same period in 1994. Production for the nine months yielded 5,359 MCF per day and 414 barrels of oil and natural gas liquids per day compared to 1,570 MCF per day and 288 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 Medicine River, Sylvan Lake Sylvan Lake can refer to: Communities:
Dominion has drilled 14 wells (4.01 net) to September 30, 1995 resulting in 3 oilwells, 9 gaswells and 2 dry holes. The major new Gilby prospect located on the north side of Sylvan Lake in Central Alberta came on stream at the beginning of November and is producing 5,700 MCFD MCFD Ministry of Children and Family Development (British Columbia, Canada) MCFD thousand cubic feet per day MCFD million cubic feet per day MCFD Malta College of Family Doctors MCFD Multiple Coagulation Factor Deficiency (thousand cubic feet per day) of natural gas and approximately 230 BLPD BLPD B-Cell Lymphoproliferative Disease BLPD Byte Level Protocol Decoder (semiconductor industry) BLPD Barrels of Liquid Per Day BLPD Bluelight Procurement Database (emergency services contracts database) (barrels of natural gas liquids per day). Dominion holds a 40 percent working interest in the prospect and is operator. 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: John A. Pope or Andrew S. Burgess, 403/571-1100 or 403/571-1101 (FAX) |
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