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NORTH COAST ENERGY, INC. REPORTS SIGNIFICANTLY HIGHER OIL AND GAS PRODUCTION AND CASH FLOW FROM OPERATIONS FOR SECOND QUARTER AND SIX MONTHS OF FISCAL 1994

 CLEVELAND, Nov. 15 /PRNewswire/ -- North Coast Energy, Inc. (NASDAQ: NCEB) today announced a significant increase in oil and gas production (64 percent) for the second quarter of its 1994 fiscal year and the first six months of its fiscal year (34 percent) as compared to the corresponding periods a year ago. Second quarter oil and gas production increased $255,700 to $654,304 while six month production revenues increased $336,739 to $1,320,415.
 Cash flow from operations increased approximately $512,000 to $1,599,282 in the six months ended Sept. 30, 1993 as compared to the six months ended Sept. 30, 1992. However, the company reported a net loss of $61,699 for the quarter as compared to a net loss of $55,356 in last year's corresponding quarter. This was primarily a result of expenses related to the company's Pakistan project, increased depletion from increasing production from Pennsylvania wells, and the abandonment of an exploratory dry hole in Pennsylvania.
 Commenting on the financial results, Garry Regan, North Coast's president stated, "Scheduling difficulties with third party service contractors prevented the Company from recognizing revenues on additional wells spudded during the quarter. This offset the gains in gas and oil production, particularly during a period where we wrote off an exploratory dry hole and incurred expenses relating to the Toot oil field in Pakistan. We recorded, in addition to the significant increase in oil and gas revenues, a quarterly increase of $189,335 (78 percent) in well operating and transportation revenues to $432,135. Transportation revenues reflect higher volumes of natural gas flowing through the Company's pipeline system while increased well operating reflects more wells coming on line. While we continue to invest heavily in property and equipment our cash flow has increased substantially. With cold weather moving into the region, the remainder of '93-1 wells to be drilled and completed, the closing of '93-2 at hand and the plans for '93-3, we are very optimistic on the prospects for the next six months."
 North Coast Energy, Inc. is an independent oil and gas exploration company headquartered in Cleveland, with offices in Youngstown and Warren, Ohio, and Colorado Springs, Colo.
 NORTH COAST ENERGY, INC.
 Financial Highlights (unaudited)
 For the three months
 ended Sept. 30:
 1993 1992
 Revenues $1,703,448 $1,765,008
 Net (loss) (61,699) (55,356)
 Average shares 5,351,069 5,198,041
 Net (loss) primary and fully
 diluted per share $ (0.03) $ (0.01)
 Net cash provided by
 operating activities $1,729,547 $1,738,571
 Net cash provided by
 operating activities primary
 per share $ 0.32 $ 0.33
 For the six months
 ended Sept. 30:
 1993 1992
 Revenues $3,469,480 $3,631,391
 Net (loss) (57,291) (40,726)
 Average shares 5,331,981 5,191,827
 Net (loss) primary and fully
 diluted per share $ (0.07) $ (0.01)
 Net cash provided by
 operating activities $1,599,282 $1,086,766
 Net cash provided by
 operating activities primary
 per share $ 0.30 $ 0.21
 -0- 11/15/93
 /CONTACT: Vicki Matjasic, share owner services, of North Coast Energy, Inc., 216-663-1668/
 (NCEB)


CO: North Coast Energy, Inc. ST: Ohio IN: OIL SU: ERN

BM-KL -- CL027 -- 4611 11/15/93 15:46 EST
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Date:Nov 15, 1993
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