Border Petroleum Corp. Announces Management Changes; Announces Audited Consolidated Financial and Operating Results for the Year Ended March 31, 2013
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.