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Article: Aspen Group Reports 2006 Results and Provides Operations Update
- Article from:
- CCNMatthews Newswire
- Article date:
- April 5, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY, ALBERTA--(CCNMatthews - April 5, 2007) - Aspen Group
Resources Corporation (TSX:ASR) ("Aspen" or the "Company"), announced
that its audited financial results for the year ended December 31,
2006 have been filed. The audited financial statements, notes to the
financial statements, and management's discussion and analysis are
available for viewing at www.sedar.com. Aspen reports its results in
US dollars.
For the year ended December 31, 2006, Aspen reported a net loss of
$10.9 million or $0.14 per share versus a net loss of $3.6 million or
$0.06 per share in 2005. The increased loss is primarily due to a
ceiling-test write-down on oil and gas assets of $6.3 million in
2006. As at ...