Trek Announces Third Quarter Earnings
August 13 2004 - 7:46PM
PR Newswire (US)
Trek Announces Third Quarter Earnings DALLAS, Aug. 13
/PRNewswire-FirstCall/ -- Trek Resources, Inc. (OTC:TREK) (BULLETIN
BOARD: TREK) ("Trek" or the "Company") announced today as stated in
the Company's Quarterly Report on Form 10-QSB that was filed with
the Securities and Exchange Commission on August 13, 2004, the
Company's net income for the three months ending June 30, 2004 was
$510,471, compared to a net income of $290,897 for the same period
in the prior year. The Company's results of operations for the
third quarter of fiscal 2004 were favorably impacted by higher oil
and natural gas prices, and lower lease operating costs and
interest expense. Offsetting those effects were lower natural gas
sales volumes, higher general and administrative costs and higher
depletion expense. About Trek: Trek is a Dallas-based domestic oil
and gas acquisition and production company with oil and gas assets
principally in Texas and Oklahoma. Trek operates approximately 240
producing wells. More information about Trek may be found at the
Company's web site, http://www.trekresources.com/ , and in the
Company's filings with the Securities and Exchange Commission.
FORWARD-LOOKING STATEMENTS: This press release may contain certain
forward-looking statements. These forward-looking statements
include information about possible or assumed future results of the
Company's operations. When statements in this press release contain
any of the words "believes," "expects," "intends," "anticipates,"
or similar expressions, the Company is making forward-looking
statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in, or implied by, such statements. Factors
that might cause such a difference include those detailed from time
to time in the Company's filings with the Securities and Exchange
Commission. DATASOURCE: Trek Resources, Inc. CONTACT: Michael E.
Montgomery of Trek Resources, Inc., +1-214-373-0318, or Web site:
http://www.trekresources.com/
Copyright