Border Petroleum Corp. announced that Kelly Kimbley, President and Chief Executive Officer, and Peter Fridrich, Vice President, Exploration, are no longer with the corporation. Mr. Kimbley has also stepped down as a director of the corporation. Company's Chairman, Al Kroontje, P. Eng., has been appointed Interim Chief Executive Officer until the successful completion of the strategic review process currently being undertaken by the Special Committee and their financial advisors. Mr. Kroontje has accepted this appointment without compensation.

The company announced audited consolidated financial and operating results for the year ended March 31, 2013. For the year, the company reported petroleum and natural gas revenues of $3,110,509 against $3,324,944 a year ago. Funds used in operations was $2,312,666 against $1,841,348 a year ago. Net loss was $17,683,890 or $0.06 basic and diluted per share against $12,836,158 or $0.09 basic and diluted per share a year ago. Capital expenditures including decommissioning liabilities were $11,984,240 against $34,377,339 a year ago.


For the year, the company produced oil and liquids of 97 bbls/d against 79 bbls/d a year ago. Natural gas production was 718 mcf/d against 891 mcf/d a year ago. Oil equivalent production was 216 boe/d against 227 boe/d a year ago.