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Arawak
Energy Q3 profit rose to US$7.8 million from year-earlier
US$5.8M |
Canadian Press
Published Thursday November 15th, 2007
ANGUILLA, British West Indies - Arawak Energy (TSX:ABG), a
junior oil and gas company with operations in Kazakhstan,
Azerbaijan and Russia, reported Thursday a third-quarter
profit of US$7.8 million, up from a year-earlier US$5.8
million.
The company, based in Anguilla in the British West Indies,
reports its results in U.S. dollars. Net earnings for the
quarter amounted to 4.4 cents and compared with earnings of
3.4 cents in the year-earlier period.
Average production for the quarter ended Sept. 30 was 11,125
barrels of oil equivalent per day, versus a year-ago 8,791
barrels.
Sales grew to $56.6 million from $39.6 million. |
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