OilStockReport
14 years ago
Building a new shelf around $9.50 - results were mixed but upside is apparent.
American reports a net loss of $119,266 (nil per share, basic and diluted) for the quarter ended September 30, 2010, as compared to a net loss of $3,400,573 (loss of seven cents per share, basic and diluted) for the quarter ended September 30, 2009. For the nine-month periods ended September 30, 2010 and 2009, American reports net income to common stockholders of $27,661,320 (income of 46 cents per share, basic and 45 cents per share, diluted) and a net loss to common stockholders of $8,892,054 (loss of 18 cents per share, basic and diluted), respectively. The approximate $36.6 million increase in net income in the nine-month period includes a $36.4 million pre-tax gain on the sale of substantially all of American's oil and gas interests in the Powder River Basin in Wyoming on March 31, 2010.
During the quarter ended September 30, 2010, American sold 73,112 barrels of oil at $64.64 per barrel and 17,040 mcf of natural gas at $4.74 per mcf for total oil and gas revenues of $4,806,383. For the corresponding quarter ended September 30, 2009, American sold 4,877 barrels of oil at $59.17 per barrel and 49,949 mcf of natural gas at $3.48 per mcf for total oil and gas revenues of $462,553. Lease operating expenses, including production taxes, for the quarters ended September 30, 2010 and 2009 were $912,493 ($12.01 per BOE) and $278,429 ($21.09 per BOE), respectively. Depreciation, depletion and amortization expense of oil and gas properties was $1,601,000 ($21.08 per BOE) for the current quarter and $212,001 ($16.06 per BOE) for the corresponding prior year quarter.
During the nine-month period ended September 30, 2010, American sold 119,374 barrels of oil at $64.25 per barrel and 68,324 mcf of natural gas at $6.06 per mcf for total oil and gas revenues of $8,083,918. For the corresponding nine-month period ended September 30, 2009, American sold 14,056 barrels of oil at $46.87 per barrel and 183,386 mcf of natural gas at $3.42 per mcf for total oil and gas revenues of $1,285,705. Lease operating expenses, including production taxes, for the nine-month periods ended September 30, 2010 and 2009 were $1,777,764 ($13.60 per BOE) and $848,354 ($19.01 per BOE), respectively. Depreciation, depletion and amortization expense of oil and gas properties was $2,551,000 ($19.51 per BOE) for the current nine-month period and $546,000 ($12.24 per BOE) for the prior year nine-month period.
For the quarters ended September 30, 2010 and 2009, American's general and administrative expenses were $2,804,686 and $1,198,188, respectively. Total costs increased approximately $1.6 million primarily due to (i) approximately $1.0 million paid for a third party fairness opinion in July 2010 of the then-proposed merger with Hess Corporation and (ii) a $0.5 million increase in legal fees and expenses, primarily relating to the merger, including the defense of lawsuits filed in connection with the merger. For the nine-month periods ended September 30, 2010 and 2009, American's general and administrative expenses were $6,168,688 and $4,242,539 respectively. Total costs increased by $1.9 million, primarily due to (i) an approximately $1.1 million increase in investment banking and legal fees and expenses, primarily relating to the merger, including the defense of lawsuits filed in connection with the merger and (ii) an approximately $0.8 million increase in employee compensation.
At September 30, 2010, American had $17.9 million in working capital which includes $15.5 million in cash and short-term investments, total assets of $151.1 million, a long-term asset retirement obligation of $225,099, deferred income taxes of $6.2 million, no long term debt and stockholders' equity of $126.3 million. There are currently 61,029,656 common shares outstanding.
For the nine-month period ended September 30, 2010, American's net cash used by operating activities decreased by $361,956 (from $3,057,074 net cash used for operating activity for the nine-month period ended September 30, 2009 to $2,695,118 cash used by operations for the nine-month period ended September 30, 2010). Cash received from oil and gas revenues in the 2010 period were approximately $2 million greater than for the 2009 period. Cash expenditures for general and administrative expenses for the 2010 period were approximately $2 million greater than for the 2009 period. In the 2010 period, net purchases of well equipment inventory held in third party yards were approximately $315,000 less than in the 2009 period.
American used a net $24.9 million in cash during the nine-month period ended September 30, 2010 as compared with $7.2 million of cash used by investing activities in the nine-month period ended September 30, 2009. The $17.7 million increase in cash usage is primarily due to (i) a $63.8 million increase in acquisition, exploration and development of oil and gas properties (primarily in the Goliath Project), less (ii) $46.2 million received in March 2010 on the sale of oil and gas properties in the Powder River Basin in Wyoming.
During the nine-month periods ended September 30, 2010 and September 30, 2009, the only financing activities were $804,150 in cash received in the 2010 period relating to exercises of stock options and a warrant.
analogdog
16 years ago
American Oil & Gas Reports 1st Quarter 2008 Results
Monday May 12, 5:52 pm ET
DENVER, May 12 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) reports a net loss to common stockholders of $1,320,425 (loss of three cents per share, basic and diluted) for the quarter ended March 31, 2008, as compared to net loss to common stockholders of $865,359 (loss of two cents per share, basic and diluted) for the quarter ended March 31, 2007. The $455,066 increase in loss includes a $210,027 loss (net of deferred income tax reduction) from the sale of securities held in another company.
During the quarter ended March 31, 2008, American recorded $507,804 in revenues from the sale of oil and natural gas. In that period, American had $247,831 in oil revenues from selling 3,028 barrels of oil at an average price of $81.84 per barrel, and American had $259,973 in gas revenue from selling 29,216 Mcf of natural gas at an average price of $8.90 per Mcf. During the corresponding quarter of 2007, American recorded $395,500 in oil and gas revenues. In that period, American had $222,729 in oil revenues from selling 4,334 barrels of oil at an average price of $51.39 per barrel, and American had $172,771 in gas revenue from selling 27,020 Mcf of natural gas at an average price of $6.39 per Mcf. Although our revenues from the sale of oil and natural gas increased during the quarter ended March 31, 2008 when compared to the quarter ended March 31, 2007, our production on a barrel of oil equivalent basis decreased from 8,837 barrels of oil equivalents to 7,897 barrels of oil equivalents. During the quarter ended March 31, 2008, we experienced an inordinately high number of days when our production was shut in due exclusively to shut down of transportation lines and processing facilities at our Fetter project. We also were not able to commence production from the Solberg 32-2 well at our Goliath project due to significant delays in commencing operations at the natural gas processing plant.
For the quarters ended March 31, 2008 and March 31, 2007, American's general and administrative expenses were $1,390,208 and $1,132,842, respectively. The $257,366 increase is largely attributable to hiring additional employees.
At March 31, 2008, American had $14.8 million in working capital including an $8.6 million short term loan secured by auction rate preferred shares ("ARPS"), $8.8 million in cash and cash equivalents, and $17.25 million in taxable closed-end mutual fund ARPS. $7.5 million of the ARPS are scheduled for redemption this month, $5.1 million is expected to be redeemed by June 30th with the rest expected to be redeemed in the third quarter of 2008.
Our net cash used by operating activities decreased from $629,433 during the quarter ended March 31, 2007, to $589,702 for the quarter ended March 31, 2008 due to increased revenues partially offset by increased cash payments of operating and administrative expenses.
During the quarter ended March 31, 2008, we used a net $1.6 million in investing activities as compared with $2.7 million used in the quarter ended March 31, 2007. The $1.1 million decrease is primarily due to our being carried in all of the drilling costs at our Fetter project.
In the quarter ended March 31, 2008, we received $8,600,000 from a short-term loan in March, to be repaid from the redemption of ARPS. During the quarter ended March 31, 2007, we had received no cash provided by financing activities.
American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.
Selected Financial and
Operating Data Three-month period ended
3/31/08 3/31/07
CASH FLOW RECAP:
Net cash used by operating activities $ 589,702 $ 629,433
Net cash used in investing activities $ 1,556,998 $ 2,728,219
Net cash provided by financing activities $ 8,600,000 $ -
FINANCIAL RECAP:
Revenues $ 507,804 $ 395,500
Net loss attributable to common
stockholders $ 1,320,425 $ 865,359
Net loss per common share- basic and
diluted $ 0.03 $ 0.02
OPERATING DATA:
Net oil production (Bbl) 3,028 4,334
Oil revenues $ 247,831 $ 222,729
Average oil price per Bbl $ 81.84 $ 51.39
Net gas production (Mcf) 29,216 27,020
Natural gas revenues $ 259,973 $ 172,771
Average gas price per Mcf $ 8.90 $ 6.39
Barrels of oil equivalent ("BOE") sold 7,897 8,837
Lease operating and production taxes $ 254,775 $ 103,149
LOE and production taxes per BOE $ 32.26 $ 11.67
Depreciation, depletion and amortization
- oil and gas properties $ 290,000 $ 223,818
DD&A per BOE $ 36.72 $ 25.33
Impairment expense $ - $ -
General and administrative expenses $ 1,390,208 $ 1,132,842
Investment income $ 223,711 $ 67,356
Loss on sale of securities $ 330,804 $ -
This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil & Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the issuance of this press release or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of any unanticipated events. This press release may include the opinions of American Oil & Gas, Inc., and does not necessarily include the views of any other person or entity.
Contact:
Andrew Calerich, President Neal Feagans, Investor Relations
303.991.0173 Fax: 303.595.0709 Feagans Consulting, Inc
1050 17th Street, Suite 2400 - 303.449.1184
Denver, CO 80265
Golden Cross
17 years ago
American Oil and Gas Provides Drilling and Completion Updates
Monday January 14, 8:00 am ET
DENVER, Jan. 14 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) provides the following operational update:
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Fetter Project
Hageman 16-34HR well: The Hageman well has recently reached total depth in the targeted Frontier formation and the drilling rig has been removed from the well site. Sidetracking operations in the Frontier, undertaken to maximize the intersection of naturally occurring fracture systems, resulted in three horizontal laterals totaling over 5,200 cumulative feet of lateral well bore, all of which was drilled in zone and will be opened up for production. Completion activities are underway and after completion, the well is expected to be immediately placed on production.
Wallis 6-23 well: The Wallis well has recently been drilled to a total depth of 13,000 feet. The drilling rig has been removed from the well site and completion operations have commenced. The Wallis well is the first vertical well to be drilled by American and partners in the Fetter project and is designed to test multiple prospective formations utilizing multi-stage frac technology. To date, the well has been completed and fracture stimulated in the Dakota formation, the deepest formation of interest in the well. As planned, the Dakota has been temporarily isolated below a cast iron bridge plug allowing completion operations to move up hole. Additional formations, including the Frontier, are prospective in the well. Upon completion and preliminary evaluation of these formations, the Dakota and our other zones of interest will be commingled, tested, and placed on production.
Sims 15-26H well: The 1,165 foot horizontal lateral, drilled into the targeted Frontier formation has recently been artificially fracture stimulated, cleaned up and returned to production at rates during the prior 25 producing days ranging from approximately 650 thousand cubic feet of natural gas equivalent per day to 7.2 million cubic feet of natural gas equivalent per day. The average production over this time period was approximately 1.7 million cubic feet of natural gas and 82 barrels of oil per day. Rates have fluctuated as natural gas production from the well has been affected by the relatively high oil to gas ratios currently being experienced, which is the subject of ongoing engineering, reservoir and production optimization analysis. Because of the high BTU content and the favorable high liquid content of the natural gas that is separate from the oil production (approximately three gallons per mcf), we received a price at the wellhead for November natural gas sales of $6.75 per mcf.
The Wallis 6-23, Sims 15-26H and Hageman 16-34HR wells are being funded by Red Technology Alliance ("RTA") and project managed by Halliburton Energy Services, Inc. ("Halliburton"). American is being carried through the tanks in this phase of the drilling program for a 23.125% working interest in each of the three wells, and currently owns a 92.5% working interest in the approximate 52,000 net (58,000 gross) acre Fetter acreage position. Upon completion of this initial drilling program, RTA will earn a 25% working interest in the undrilled acreage, American will retain a 69.375% working interest and privately held North Finn LLC will retain the remaining 5.625% working interest.
West Douglas Project
State Deep 7-16 well: Completion operations are currently underway in the Mowry formation, the primary objective in the State Deep 7-16 well. Test results from deeper formations yielded minor quantities of oil and natural gas, and information obtained from these deeper formations will assist with future drilling plans in the project area. The State Deep 7-16 well location was chosen to maximize the potential of the Mowry, however completion and testing programs are also planned for several prospective formations above the Mowry in the coming weeks.
Pursuant to the agreement with RTA, 100% of the cost to drill and complete the State Deep 7-16 well is being funded by RTA. American owns a 45% carried working interest in this test well and will retain a 45% working interest in the approximate 47,000 net (55,000 gross) acre West Douglas project area. Halliburton is project manager.
Pat O'Brien, CEO of American commented, "We are currently active on a number of wells in our Douglas and West Douglas project areas and are very pleased with the progress that is being made. RTA is expending the time, money and manpower necessary to gain as much geological and reservoir information as possible from the numerous formations these large acreage positions hold. This time and money will greatly optimize drilling and completion procedures in future wells. Of particular significance in the current program is the production history we are now getting from the Sims well, and will soon receive from the Hageman and Wallis wells, that will allow us to compare the economic and reserve recovery potential from a single zone horizontal well to that of vertical well with multiple formation completions. We look forward to providing additional updates as more information becomes available."
Krejci Project
Krejci Family Trust 32-1H Well: Drilling operations at the Krejci project have recently recommenced with the Krejci Family Trust 32-1H well following an extensive evaluation and study of the various drilling and completion methods used on prior wells. This well is currently at a measured depth of approximately 7,700 feet. Casing has been run through the turn and drilling is currently underway in the horizontal lateral section in the targeted Mowry formation. American owns a 45% working interest in the Krejci Family Trust 32-1H well and in the approximate 127,000 net (132,000 gross) acre Krejci project.
Goliath Project
Solberg 32-2 Well: In November, 2007, the Solberg 32-2 well tested at a restricted flow rate of approximately 2.1 million cubic feet of natural gas and 408 barrels of condensate per day (over 750 barrels of oil equivalent per day) from one interval within the Red River formation. Additional potentially productive intervals within the Red River formation could be tested and if productive, produced at a later date. The Solberg 32-2 well is currently shut-in and waiting on completion of a nearby natural gas processing plant and a pipeline that will connect the well, both of which are expected to be completed and operational before the end of the first calendar quarter of 2008.
American and other joint interest owners in the Goliath project have recently completed a 10.5 square mile 3-D seismic program in the area around the Solberg 32-2 well and are currently processing and interpreting the data. Information obtained from this seismic program will assist in the selection of additional Red River offset locations to the Solberg 32-2 well, and may identify additional Red River targets in this trend.
The Solberg 32-2 well is located within American's approximate 89,000 gross acre Goliath project in Williams County, North Dakota. American owns a non-operated 11.9% working interest (a net revenue interest of approximately 9.5%) in the Solberg 32-2 well. American's working interest in future wells will vary, and could be as high as 50%.
American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.
This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil & Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, the Company's dependence on future drilling success, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the issuance of this press release or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of any unanticipated events. This press release may include the opinions of American Oil & Gas, Inc. and does not necessarily include the views of any other person or entity.
Contact:
Andrew Calerich, President Neal Feagans, Investor Relations
303.991.0173 Fax: 303.595.0709 Feagans Consulting, Inc
1050 17th Street, 303.449.1184
Suite 2400 -- Denver, CO 80265
ivaline
17 years ago
Positive news out:
American Updates Goliath Project Activity
Thursday November 15, 8:30 am ET
Solberg 32-2 Well Tests At a Rate of Over 750 Barrels of Oil Equivalent Per day
DENVER, Nov. 15 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) announced today that preliminary production testing has recently been completed on the Solberg 32-2 well, located within American's approximate 87,000 gross acre Goliath project in Williams County, North Dakota. American owns a non-operated 11.9% working interest (a net revenue interest of approximately 9.5%) in the well which was drilled to a total depth of approximately 14,400 feet as an offset to a Red River formation discovery well that was drilled and is owned by another operator. The Solberg 32-2 well tested at a restricted flow rate of approximately 2.1 million cubic feet of natural gas and 408 barrels of condensate (light oil) per day at an average flowing tubing pressure of 2,500 psi on a 13/64ths choke. Additional potentially productive intervals within the Red River formation have not yet been tested, but could be tested and possibly produced at a later date. The Solberg 32-2 well is currently shut-in and waiting on completion of a nearby natural gas processing plant, which is expected to be operational by year-end.
American and other joint interest owners are currently acquiring additional seismic data by conducting a 10.5 square mile 3-D seismic program in the area around the Solberg 32-2 well. Data obtained from this seismic program will assist in the selection of additional Red River offset locations to the Solberg 32-2 well, and may identify additional Red River targets in this trend. American's working interest in future wells will vary, and could be as high as 50%.
American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil & Gas, Inc. can be found at the Company's website: http://www.americanog.com.
This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil & Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, the Company's dependence on future drilling success, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the issuance of this press release or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of any unanticipated events. This press release may include the opinions of American Oil & Gas, Inc. and does not necessarily include the views of any other person or entity.
Golden Cross
18 years ago
Teton Energy Provides Third Quarter 2006 Operations Update
Wednesday November 8, 8:00 am ET
Third Quarter 2006 Production Volumes Increase 487 Percent Over Third Quarter 2005
DENVER, Nov. 8 /PRNewswire-FirstCall/ -- Teton Energy Corporation ("Teton") (Amex: TEC - News) today provided an operations update on its Piceance, Denver-Julesburg and Williston Basin projects.
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Piceance Basin. To date, Teton has participated in the drilling of 26 gross wells on its 6,315 gross acre project in the Piceance Basin with Berry Petroleum (NYSE: BRY - News), as operator. Teton has a 25 percent working interest with approximately 628 gross locations on 10-acre spacing. During the third quarter 2006, Teton participated in the drilling of five gross wells. Of the total 26 wells, 20 wells are currently producing and flowing to sales, four wells are waiting on completion, and two wells are currently drilling.
Estimated net production volumes for the quarter ended September 30, 2006 were 264 million cubic feet ("MMcf"), averaging 2.9 million cubic feet per day ("MMcfd"). This represents an increase of 487 percent from the third quarter 2005 net production volumes of 45 MMcf, averaging 0.5 MMcfd.
Denver-Julesburg Basin. To date, Teton has participated in the drilling of 17 wells as part of the initial pilot program on the Area of Mutual Interest with Noble Energy, Inc. (NYSE: NBL - News; "Noble Energy"). Teton announced on November 7, 2006 that it had purchased an additional 56,000 gross acres in the DJ Basin (42,000 net). This purchase, along with acreage added over the past several months brings the Company's gross acres dedicated to the eastern DJ project to 266,000. As part of the agreement with Noble Energy, Teton is being carried on the first 20 wells. After completion of the first 20 wells, Teton and Noble Energy will split all costs associated with future drilling according to each party's working interest percentage; Teton, 25 percent and Noble Energy, 75 percent. Teton will receive 25 percent of any revenues derived from the first 20 wells.
All 17 wells that have been drilled reached a minimum target depth of 2,000 feet, where the target zone is the Beecher Island Chalk, a member of the Niobrara formation. The average drilling time for each well is 1.5 days.
Seven wells have been drilled in the Chundy prospect area, located in Chase and Dundy Counties, Nebraska: the Jones #12-31, Jones #32-31, State #44-36, the Ambrosek #11-5, the Jones #31-31, the Jones #41-31 and the Jones #42-31. The Jones #12-31, the Jones #31-31, the Jones #41-31 and the Jones #42-31 have been logged, cased and are waiting on completion. The Jones #32-31 and Ambrosek #11-5 wells have been perforated and fracture stimulated. The fracture stimulation was successful, staying within the Beecher Island zone. The Jones #32-31 and Ambrosek #11-5 wells are currently testing gas and water production to determine commercial viability. The State #44-36 well was plugged and abandoned based on log evaluation.
Ten wells have been drilled in the Grant prospect area, located in Perkins County, Nebraska: the Karre #42-26, State #11-36, Hagan #41-27, Karre #31-26, Hagan #22-26, the Kroeker #11-25, the Hagan #21-26, the Hagan #31-27, the Malmkar #44-22 and the Kroeker #14-24. The Karre #42-26, the Karre #31-26, the Hagan #21-26, the Hagan #31-27, the Malmkar #44-22 and the Kroeker #14-24 have been logged, cased and are waiting on completion. The Hagan #41-27 and the Kroeker #11-25 are currently testing gas and water production to determine commercial viability. The State #11-36 and Hagan #22-26 wells were plugged and abandoned based on log evaluation.
The Company and its partner are currently in the process of completing a gathering system in the Grant and Chundy areas to gain access to the Kinder Morgan pipelines, Pony Express in Chundy and Trailblazer in Grant. The pilot program may also include further 2-D and 3-D seismic evaluation.
Williston Basin. Teton is participating in the drilling of its first prospect on its Goliath leasehold of approximately 90,000 gross acres, 16,000 net to the Company's interest. The Champion 1-25H well, located in Section 24 and 25 of T157N - R97W in Williams County, North Dakota is targeting the Mississippian Bakken Formation as the primary target zone. This horizontal, tri-lateral well is currently starting the second lateral after drilling the initial west lateral. Following the drilling of the three laterals, it is expected that the well will be fracture stimulated and will go through a production testing period. Teton will have 25 percent working interest and 20 percent net revenue interest in this Williston Basin well. The partnership consists of American Oil and Gas, Inc. (Amex: AEZ - News; 50 percent working interest) and the designated operator, Evertson Operating Company (25 percent working interest).
"Driven by 487 percent year over year production growth from our Piceance project, the third quarter was very successful operationally for Teton," Andrew Schultz, Vice President of Production, stated. "We are cautiously optimistic about the preliminary results from the DJ Basin. Momentum remains strong as we continue drilling out our inventory covering all three projects. Our overall goal is for our drilling program to increase the realization of net asset value for our shareholders."
For a detailed map of the each of the projects' acreage blocks and well locations, please visit the Company's website at www.teton-energy.com
Conference Call Information. Teton invites you to listen to its third quarter 2006 results conference call via telephone or live webcast on Tuesday, November 14, 2006 at 11:30 a.m. Eastern, 9:30 a.m. Mountain time. To listen via telephone, dial (888) 202-2422 ((913) 981-5592 for international callers) five to ten minutes before the start of the call. A replay will be available through November 21, 2006 by dialing (719) 457-0820, pass code 2869142. The live conference call may also be accessed on the Internet by logging onto Teton's website at www.teton-energy.com. Select Investor Relations, then the webcasts and Presentations option on the menu. Log on at least ten minutes prior to the start of the call to register, download and install any necessary audio software. An audio replay of the call will also be available on the Company's website.
Company Description. Teton Energy Corporation (Amex: TEC - News), is an independent oil and gas exploration and production company based in Denver, Colorado. Teton is focused on the acquisition, exploration and development of North American properties and has current operations in the Rocky Mountain region of the U.S. The Company's common stock is listed on the American Stock Exchange under the ticker symbol "TEC". For more information about the Company, please visit the Company's website at www.teton-energy.com.