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Article: Bankers Petroleum increases revenue and production in first quarter of 2006.
- Article from:
- PR Newswire
- Article date:
- May 15, 2006
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Record Production and Cash Flows
Unless otherwise noted, all figures contained in this release are in U.S. dollars.
CALGARY, May 15 /PRNewswire-FirstCall/ -- Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) today announced strong first quarter results. Revenue for the quarter more than doubled to $5.7 million compared with $2.4 million in the first quarter of 2005. Cash flow from operations was $723,000, compared to cash used in operations of $526,000 for the comparable period in 2005.
"We made good progress on both our resource projects this quarter," said Richard Wadsworth, President. "In addition to adding substantially to our unconventional ...