Rock Reports Loss, 2009 Budget Less Than One-Third 2008

摘要

Rock Energy Inc. increased production and cash flow in the fourth quarter but reported a small loss (see tables).Rock approved a 2009 capital budget of $15 million ~ less than a third of the $50.99 million spent last year. The lower 2009 budget is based on a price forecast of $47 (U.S.) abbl for West Texas Intermediate crude oil and anAECO natural gas price of $5 an mcf.