Petrolifera Petroleum Ltd. - Conference Presentation Calls

Petrolifera Petroleum Ltd., Q3 2009 Earnings Call, Nov-09 2009

Petrolifera Petroleum Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss before income taxes of CAD 14.8 million, net loss of CAD 11.36 million or CAD 0.14 diluted loss per share on the revenue of CAD 17.23 million compared to income before income taxes of CAD 7.42 million, net income of CAD 3.6 million or CAD 0.06 diluted per share on the revenue of CAD 27.3 million for the same period last year. The company reported net cash provided by operating activities of CAD 8.36 million and development of oil and gas properties of CAD 13.39 million compared to net cash provided by operating activities of CAD 15.2 million and development of oil and gas properties of CAD 21.05 million for the same period last year. For the nine months, the company reported loss before income taxes of CAD 3.49 million, net loss of CAD 6.74 million or CAD 0.11 diluted loss per share on the revenue of CAD 56.3 million compared to income before income taxes of CAD 21.38 million, net income of CAD 8.9 million or CAD 0.17 diluted per share on the revenue of CAD 80 million for the same period last year. The company reported net cash provided by operating activities of CAD 40.95 million and development of oil and gas properties of CAD 59.48 million compared to net cash provided by operating activities of CAD 32.44 million and development of oil and gas properties of CAD 81.21 million for the same period last year.