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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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News

Key Dates

December 7, 2011

Angle Energy Inc. presented at the FirstEnergy Montreal Energy Conference. Click here for the audiocast.

March 21, 2012

Angle Energy Inc. will release 2011 Annual Results

Q3 2011 Performance

Operating
    Q3
2011
Q3
2010
%
Change
Sales
  Natural gas (mcf/d) 47,510 38,245 24
  NGL (bbls/d) 4,098 2,041 101
  Light crude oil (bbls/d) 1,977 1,606 23
  Total (boe/d) 13,993 10,021 40
 
Average Wellhead Prices
  Natural gas ($/mcf) 3.88 3.72 4
  NGL ($/bbl) 34.11 27.72 23
  Light crude oil ($/bbl) 93.96 72.82 29
  Combined Average ($/boe) 36.45 31.52 16
 
Netbacks ($/boe)
  Operating 22.97 18.90 22
  Funds flow 19.31 14.89 30
Financial
  Q3
2011
Q3
2010
%
Change
($000s except per share)
Commodity revenues 47,698 29,421 62
Total assets 609,819 518,780 18
Shareholders' equity 343,446 292,204 18
 
Funds from operations 24,852 13,728 81
  $ per share – basic 0.34 0.20 70
  $ per share – diluted 0.34 0.19 79
       
Net income and comprehensive income 5,040 (31,128) 116
  $ per share – basic 0.07 (0.45) 116
  $ per share – diluted 0.07 (0.45) 116

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