Maximum Energy net income increases in Q3
Maximum Energy Trust MXT.UN
Shares issued 12,000,000 Nov 9 close $3.53
Fri 10 Nov 2000 News Release
Operating and financial results for the third quarter ended Sept. 30, 2000,
were as follows:
HIGHLIGHTS
Three months ended Sept. 30
2000 1999
Financial
Oil and natural
gas revenue $ 7,844,000 $ 5,315,000
Funds from
operations 4,432,000 1,861,000
Debt repayment
charged to cash
flow 3,768,000 1,608,000
Net income
(loss) 3,061,000 503,000
Operating
Sales volumes
Oil and liquids
(boe a day) 2,020 2,048
Gas (mcf a day) 2,023 2,278
Oil equivalent
(boe a day) 2,222 2,275
Average prices
Oil (per bbl) 45.65 31.01
Oil including
Hedge (per bbl) 39.39 24.96
Liquids (per bbl) 33.99 20.78
Gas price
(per mcf) 5.14 3.03
HIGHLIGHTS
Nine months ended Sept. 30
2000 1999
Financial
Oil and natural
gas revenue $22,537,000 $14,298,000
Funds from
operations 12,256,000 3,972,000
Debt repayment
charged to cash
flow 11,307,000 3,464,000
Net income
(loss) 8,210,000 (81,000)
Operating
Sales volumes
Oil and liquids
(boe a day) 2,047 2,124
Gas (mcf a day) 2,016 2,345
Oil equivalent
(boe a day) 2,249 2,358
Average prices
Oil (per bbl) 42.43 24.64
Oil including
Hedge (per bbl) 38.40 21.98
Liquids (per bbl) 30.64 14.58
Gas price
(per mcf) 4.07 2.59 |
