Shale Natural Gas, Oil and NGLs and ESA Message Board

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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA

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To: jrhana who wrote (5976)	8/13/2012 6:02:03 PM
From: jrhana	Read Replies (1) of 6160

Marshall T. Reynolds, Chairman, discussed the performance for the quarter and six months. "The losses for the current period are disappointing. We have experienced continued losses on the Job that resulted in losses in the last quarter. We have also experienced lower revenues for the quarter with the industry slowdown. Although our backlog currently totals $100,000,000, the larger portion of that will result in revenues in the next fiscal year. We are focusing on ways to restore the Company's profitability on a sustained basis. These efforts include restructuring our internal operations, looking at ways to diversify our product line and reviewing potential expansion our geographic locations. We have employed some financial and management advisors to help us with this process, and are working diligently towards that end."

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