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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: excardog who wrote (23033)5/26/2003 2:23:24 PM
From: ldo79  Read Replies (1) of 206209
 
Here's an earnings release that, I hope, doesn't go unnoticed:

CALGARY, Alberta--(BUSINESS WIRE)--May 26, 2003--NCE Petrofund (AMEX:NCN - News; TSX:NCF.UN - News) announces its first quarter 2003 results.
Noteworthy points include:

a 14% increase in production to 26,927 boepd
a 215% increase in cash flow to $58.6 million or $1.08 per unit
a 12% increase in distributions paid to $0.48 per unit (44% of cash flow)
a total of $29.7 million in acquisition and development activities
the announcement of internalization of management (since completed)

Net income $32,176 March '03 vs. $903 March '02
Variance 3,463%


biz.yahoo.com

Regards,
ldo79
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