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KESTREL REPORTS 4TH QUARTER EARNINGS; BELLEROPHON DRY HOLE CONTRIBUTES TO LOSS
PR Newswire
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September 28, 1995
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COPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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DENVER, Sept. 28 /PRNewswire/ -- Kestrel Energy Inc. (Nasdaq Small Cap Market: KEST) today announced a fourth quarter loss of $174,550, or 9 cents per share, on revenues of $252,389. This compares to a 1994 fourth quarter loss of $69,409, or 5 cents per share on revenues of $162,917.
The bulk of the loss was attributed by company officials to a previously announced writeoff of $138,000 in dry hole costs associated with the Bellerophon well on the North West Shelf of Australia.
The increase in fourth quarter revenues was attributed to June 1994 acquisition of ...
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