Profound Energy Inc. Announces Its Year Ended December 31, 2007 Financial and Operating Results

From: CCNMatthews Newswire | Date: March 19, 2008 | Copyright information

CALGARY, ALBERTA--(Marketwire - March 19, 2008) - Profound Energy Inc. (TSX:PFX) ("Profound" or the "Company") is pleased to report its operational and financial results for the year ended December 31, 2007.

Profound was formed on November 19, 2007 through the amalgamation of Profound Ener gy Ltd. ("Former Profound"), a private oil and gas exploration and production company, and Cork Exploration Inc. ("Cork"), a public oil and gas exploration and production company. Financial and operational results for 2007 include the results of Former Profound from January 1, 2007 to November 19, 2 007 and ...

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Daylight Energy Trust Announces Excellent 2005 Year-End Reserve Growth and Annual Finding Costs
; ...ratio. HIGHLIGHTS - Total proved plus probable reserves increased 52...end of 2004. -- Per Unit - proved plus probable reserves increased 19...increased 19% - 7.6 years for proved plus probable reserves at the end of 2005...
Pengrowth Energy Trust Announces 2007 Year End Reserves Information
; ...percent on both a proved and proved plus probable basis to total approximately...percent of production on a proved plus probable basis through a combination...in the previous year (on a proved plus probable basis). In addition, Pengrowth...
APF Energy Releases 2004 Reserves Information and Details of 2005 Capital Program
; ...capital program. Highlights - Proved plus probable reserves increased 46% to...Net asset value per unit (proved plus probable at NPV 10%) increased 53...Total proved plus probable__________ 58,733...
Canoro Has Strong Reserves, Revenue and Production Growth
; ...reserves and a 387% increase in proved plus probable net present value (NPV...9.85 million boe; - Total proved plus probable plus possible reserves increased...16.42 million boe; - Total proved plus probable NPV (discounted at 10%, before...
Antrim Energy Reports 2007 Results and Reserves
; ...Highlights: - United Kingdom proved plus probable oil reserves increased 50...barrels - Total corporate proved plus probable reserves increased 20% to...Proved plus probable__________________ 31,274...
CORRECTION FROM SOURCE: Valiant Energy Announces Reserves and Operations Update
; ...Highlights: - Working Interest proved plus probable reserves increased by 61...reserves and 850 percent for proved plus probable reserves based on production...program were $14.22/boe (proved plus probable). - Net present value (NPV...
Ember Resources Inc. Reports 2007 Year-End Reserves and Contingent Resources
; ...Highlights - An 87% increase in proved plus probable reserves resulted from the...drilling of 37.3 net wells. Proved plus probable reserves totaled 51.3 Bcf...increased 77% to 14.5 Bcf. Proved plus probable reserves per share increased...
Duvernay Enjoys Record 2007
; ...discoveries. Highlights 2007 proved plus probable reserve additions of 55.0...reserves increased by 51%, proved plus probable reserves were increased by...replacement of 719% on a proved plus probable basis and 522% on a proved...
Arsenal Announces Updated Reserves Information; Drilling Update
; ...Total proved plus probable____3,979________2,167...Total proved plus probable plus possible...Total proved plus probable plus possible...
Provident Energy Announces 2007 Year-End and Fourth Quarter Results and 2007 Reserves Information
; ...Consolidated upstream proved plus probable reserve life index (RLI...Trust. Provident's Canadian proved plus probable RLI increased 24 percent...crude oil. - Consolidated proved plus probable oil and gas reserves increased...