Voyager Oil & Gas, Inc. Reports Positive Net Income and Adjusted EBITDA Driven by Record Production and Revenue for Its Third Quarter Ended September 30, 2011
Oil Production for Third Quarter Ended September 30, 2011 Was 33,319 Barrels of Oil Equivalent (BOE), an Increase of 86% From Previous Quarter Ended June 30, 2011.Voyager Oil & Gas, Inc. (AMEX:VOG), announces record oil and gas production, revenue and adjusted EBITDA for the third quarter ended September 30, 2011. During the quarter ended September 30, 2011, Voyager reported revenues of $2,872,674, which represents an increase of 72% from $1,666,535 in the second quarter ending June 30, 2011 and an increase of 983% from $265,229 in the quarter ended September 30, 2010. This increase in revenue is due primarily to production from 46 gross (1.66 net) producing Bakken and Three Forks wells as of September 30, 2011, compared to 24 gross (1.13 net) and 3 gross (0.16 net) producing wells in the same plays as of June 30, 2011 and September 30, 2010, respectively. now thats a deal ... see ya at 5.00 plus..long hold here
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