CALGARY, Aug. 9, 2013 /CNW/ – help dissertation http://mechajournal.com/alumni/compare-contrast-online-classes-traditional-classes-essay/12/ cover page mla format top paper editing website uk go here go site hydrochlorothiazide and hair loss click resume writing services 2016 https://lynchburgartclub.org/order-biology-papers/ go site buy custom essay paper kamagra long term side effects custom college papers help writing an essay for college https://www.sojournercenter.org/finals/about-abortion-essay/85/ interesting essay topics for high school students https://thedsd.com/how-to-write-army-commendation/ levitra las cruces writing help for kids source url http://www.chesszone.org/lib/essay-conclusion-examples-582.html the use of force essay source does advertising help or harm us essay average time spent doing homework https://www.arohaphilanthropies.org/heal/compare-levitra-to-cialis/96/ https://homemods.org/usc/write-essay-for-you/46/ http://snowdropfoundation.org/papers/can-you-buy-research-papers-online/12/ melancia tem efeito de viagra best rhetorical analysis essay ghostwriter website ca Toscana Energy Income Corporation (“Toscana Energy” or the “Corporation”) (TSX Venture: TEI) announces financial and operating results for the three and six months ended June 30, 2013.
This news release summarizes information contained in the Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2013. This news release should not be considered a substitute for reading the full disclosure documents, which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.sprott-toscana.com
|Three months ended||Six months ended|
|Average daily production (boe/d)||2,605||1,220||114%||2,441||1,224||99%|
|Petroleum and natural gas revenue, net of royalties ($)||8,682,070||3,266,501||166%||14,658,583||7,305,831||101%|
|Netback per boe ($)||22.75||17.49||30%||19.74||19.92||(1%)|
|Net Income ($) 1||666,987||13,914,656||(95%)||(574,471)||13,991,399||(104%)|
|Net Income per share ($)||0.14||6.63||(98%)||(0.13)||6.66||(102%)|
|Funds flow from operations ($)||3,817,462||1,510,139||153%||5,903,631||3,318,851||78%|
|Capital expenditures ($)||16,107,599||6,517,216||147%||28,199,340||7,181,733||293%|
|Total assets ($)||114,695,751||61,158,544||88%||114,695,751||61,158,544||88%|
|Dividends paid per common share ($)||0.405||0.405||0%||0.810||0.810||0%|
|Shareholder’s equity ($)||61,204,644||29,479,182||108%||61,204,644||29,479,182||108%|
|Common shares outstanding at period end||5,094,297||2,099,932||143%||5,094,297||2,099,932||143%|
|1 Net income for 2012 includes gain on sale of assets of $13.3 million|
Non-IFRS measures: Management uses “netback” and “funds flow from operations” to analyze operating performance. These terms, as presented, do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and therefore may not be comparable with the calculation of similar measures for other entities.
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
About Toscana Energy Income Corporation
Toscana Energy Income Corporation is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation. Toscana Energy Income Corporation is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.
About Sprott Toscana
Sprott Toscana (formerly Toscana Merchant Group) is a team of Calgary-based energy specialists that manage three separate businesses: Toscana Energy Income Corporation (through Toscana Energy Corporation), Toscana Financial Income Trust and Maple Leaf Energy Income LPs. In July 2012, Toscana Merchant Group joined the Sprott Group of Companies when it was acquired by Sprott Inc. (TSX: SII), Canada’s leading alternative asset manager and a global leader in resource investing.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Toscana Energy Income Corporation