Friday, September 3, 2010

EnerJex posts wider loss on higher revenue - Kansas City Business Journal:

http://masterwork.blogetery.com
million. In a release after the market closedon Thursday, the Overland Park-based compant (OTCBB: EJXR) said that the quarter's loss included noncash charges for stock-based compensation, depletion, accretiobn and loan costs of $777,628 Of that amount, a roughlt $343,0000 noncash charge was recorded for costs related to the company'ds issuance last year of $9 milliobn in equity and $9 million in said Dede Jones, EnerJex's director of finance and The company said that third-quarter revenue rose from $24,49 1 a year earlier because of increased crude oil production volumes from leases acquired and developedc during the quarter, and from increased commodity The company was formed in Decembert 2005 and started acquiring oil leases in April 2007.
For the priort year's third quarter, the compangy reported a loss of $244,668, or 2 centa a basic share. EnerJex is an oil and natural gas exploration anddevelopment company. Its subsidiaries are and

No comments:

Post a Comment