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Wednesday, August 11, 2010

OAS Reports Spectacular Numbers

"Spectacular" is in the eye of the beholder. Not all will agree with me. I haven't gone through the current corporate presentation.

Too much to catch up on, but here is the press release.
  • Grew average daily production to 4,461 boepd, a 240% increase over 2Q2009; a sequential increase of 35% over 1Q2010
  • Increased adjusted EBITDA of $17.4 million fpr 2Q2010, an increase of $14.4 million over 2Q2009
  • Completed IPO of 30.37 million primary shares; total basic shares outstanding are 92 million
  • Repaid the entire $75 million of borrowing unders its Amended Credit Facility 

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