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Friday, 21 November, 2008, 19:40 GMT | more >>

Peyto earnings up



By Upstream staff 

Calgary-based Peyto Energy Trust has reported net earnings of C$46.2 million (US$40.9 million), or C$0.44 per unit, for third quarter of 2006.

This is up from the net earnings of C$37.7 million, or C$0.38 per unit, in the previous corresponding quarter.

Operating income declined by 6% to C$72.4 million while revenues dropped from C$110.6 million in 2005 to C$107.8 million in 2006.

This was due to lower gas prices that offset a 3% increase in production to 23,422 barrels of oil equivalent per day.


Thursday, 09 November, 2006, 01:53 GMT  | last updated: Thursday, 09 November, 2006, 03:41 GMT

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