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Article: BANKERS PETROLEUM LIMITED - 3rd Quarter Results.
- Article from:
- PR Newswire UK Disclose
- Article date:
- November 10, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bankers Petroleum Demonstrates Strong Revenue and Funds from Operations Gains
in Third Quarter 2006
Continued Momentum in U.S. Exploration Program While Expanding Scope
of Albanian Development
Unless otherwise noted, all figures contained in this release are in
U.S. dollars.
CALGARY, Nov. 9 /CNW/ - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) today
announced improved third quarter results. Revenue for the quarter more than
doubled to $9.2 million compared to $3.7 million in the third quarter of 2005.
Funds from operations were $3.0 million, compared to cash used in operations
of $94,000 for the comparable period in 2005.
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