Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/mexco-energy-corporation-announces-profitable-thir.shtmlMexco Energy Corporation announces profitable third quarter
Mexco Energy Corporation announced net income of $298,841 for the nine months ended December 31, 2013, an
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Mexco Energy Corporation announced net income of $298,841 for the nine months ended December 31, 2013, an increase from a net loss of $102,034 for the nine months ended December 31, 2012.
Operating revenues increased 43% to $3,079,997 for the nine months ended December 31, 2013 from $2,161,326 for the same period of fiscal 2013.
The average sales price for the nine months ended December 31, 2013 was $7.47 per Mcfe compared to $5.44 per Mcfe for the nine months ended December 31, 2012, an increase of 37%. Oil production increased 29% and gas production decreased 5% for the nine months ended December 31, 2013 as compared to the same period of fiscal 2013.
