From every angle

Value

Angle is creating value. It is growing quarterly production and cash flow on a per-share basis. How? A steady shift to light oil and liquids-rich production and maintaining low operating costs are improving netbacks. And lower-risk development is growing volumes at increasing capital efficiencies.

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TSX:NGL
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News

Key Dates

May 29, 2013 @ 3:00 (MST)

Angle Energy Inc.will be holding their Annual General Meeting at the Petroleum Club, which is located at 319 5 Ave SW in the McMurray room.

2013 First Quarter Performance

Operating
   
1Q 2013

1Q 2012
%
Change
Sales
  Natural gas (mcf/d) 31,064 50,656 (39)
  NGLs (bbls/d) 2,849 3,711 (23)
  Light crude oil (bbls/d) 3,328 2,913 14
  Total oil equivalent (boe/d) 11,354 15,066 (25)
 
Average wellhead prices
  Natural gas ($/mcf) 3.27 2.32 41
  NGLs ($/bbl) 26.15 33.38 (22)
  Light crude oil ($/bbl) 90.21 96.45 (6)
  Combined Average ($/boe) 41.94 34.66 21
 
Netbacks ($/boe)
  Operating 29.10 19.88 46
  Funds from operations 22.99 15.69 47
Financial
 
1Q 2013

1Q 2012
%
Change
($000s except per share)
Commodity revenues 43,311 48,167 (10)
Total assets 595,851 640,862 (7)
Shareholders' equity 325,817 368,980 (12)
 
Funds from operations 23,495 21,518 9
  $ per share – basic 0.29 0.28 4
  $ per share – diluted 0.29 0.28 4
       
Net income and comprehensive income 1,385 599 131
  $ per share – basic 0.02 0.01 100
  $ per share – diluted 0.02 0.01 100

EMERGENCY: 403-263-4534