Thursday, March 3, 2011

KOG Earnings 4Q10 and Annual (2010)

Link here.

Annual
  • Annual sales: $31 million in 2010 vs $11 million in 2009; 175% increase, company record
  • Adjusted earnings: $16 million in 2010 vs $4 million in 2009; 300% increase, company record
  • Earnings: net loss of 2 cents/share in 2010; identical to 2009
  • Acreage unchanged since last reported at this site
  • Will add third rig in 2011

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