Softrock Minerals releases record second quarter results

CALGARY, Aug, 19, 2015 /CNW/ - Softrock Minerals (TSV Venture: SFT) is pleased to announce its financial and operating results for the three and six months ending June 30, 2015.

Copies of the results in detail may be obtained at www.sedar.com and/or the company's website at www.softrockminerals.com.

Second Quarter Highlights Are

  • Revenue during the second quarter tripled over the same quarter last year from $6,533 to $19,646 due primarily to the addition of the first producing well on the Company's farmed out 640 acre lease in the Charlie Lake oilfield of northwestern Alberta for which the company retained a GORR of 2 and one-half per cent for each well with no deductions for treatment, Further drilling is being considered.
  • Net Income for the quarter was $7,124. The first positive income quarter since the last quarter of 2013.
  • The company is debt free and has a working capital of $23,736

Neither the TSX Venture nor its Regulation Service Provider (as the term is defined in the policies of the TSX-V Exchange) accepts the responsibility for the accuracy or adequacy of this release

SOURCE Softrock Minerals Ltd.

For further information: Nick Taylor, 403-266-2605

RELATED LINKS
http://www.softrockminerals.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890