What a great time to buy - 160m cash no Debt


Operating and financial results

Six Months Ended June 30 2010 2009
Cash Flow
.7 million
Crude Oil and Natural Gas Liquids (bbls/d) 299 (47%) 410 (42%)
Natural Gas (mcf/d) 1,866 (53%)
Total (boe/d) 610 927
Revenue ($/boe) 52.43 39.93
Royalties ($/boe) 10.21 3.41
Operating Expenses ($/boe) 16.55 12.67
Operating Netback ($/boe) 25.67 23.85
2P Reserves 1.98 mmboe 2.92 mmboe
Debt Nil Nil


Working capital ($) 160.93 million