Border Petroleum Limited Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter Ended December 31, 2015
Border Petroleum Limited reported unaudited consolidated earnings and production results for the second quarter ended December 31, 2015. For the quarter, the company reported petroleum and natural gas revenues of $197,319 against $504,661 a year ago. Funds flow from operations was $199,345 against $142,154 a year ago. Net loss was $292,906 or nil per basic and diluted share against $328,535 or $0.01 per basic and diluted share a year ago.
For the quarter, the company reported production of oil and liquids of 43 bbls/d against 71 bbls/d a year ago. Natural gas was 267 mcf/d against 384 mcf/d a year ago. Oil equivalent was 88 boe/d against 135 boe/d a year ago.