Alberta Clipper Achieves Strong Growth In Production, Reserves

摘要

As shareholders prepare to vote on its sale, Alberta Clipper Energy Inc. released its 2008 results which show increased cash flow, production and reserves but losses for both the year and fourth quarter.Although the natural gas weighted junior increased cash flow by 53% to $34.69 million (57 cents per diluted share) for the 12 months ended Dec. 31, 2008, fourth quarter cash flow declined to $3.92 million from $7.14 million in the comparable 2007 period reflecting lower commodity prices (see table).