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Tikal Resources Announces Nine Months Financial Results.
Business Wire
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November 29, 2001
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COPYRIGHT 2001 Business Wire. 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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Business Editors
CALGARY, Alberta--(BUSINESS WIRE)--Nov. 29, 2001
Tikal Resources Corp. (TSE:TKZ.)("Tikal") today announced the financial and operating results for the nine months ended September 30, 2001.
Highlights
-- Nine month average production 4.47 mmcfpd and 429 bopd.
-- Cash flow from operations totalled $4.4 million.
-- Three non-core properties sold for consideration of $4.5 million.
-- Total debt remains at $9.5 million versus a credit line of $11.5 million.
-- Winter drilling program focused on 2 major gas exploration ...
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