FINANCIAL HIGHLIGHTSIn the three months ended September 30, 2012, the Company:
- Achieved record third quarter comprehensive income before tax of $6.7 million and revenue of $59.9 million, an increase of $6.9 million and $4.6 million respectively from the same quarter in 2011, driven primarily by strong activity in the Civil division.
- Reported EBITDA margin of 21.3%.
- Reported gross margin of $14.2 million, an increase of $1.8 million compared to the same quarter in 2011.
- Acquired a landfill site in northeastern British Columbia to receive and manage contaminated waste. It is anticipated to be operational by the end of November, 2012.
- Established a field office and camp facility in Fox Creek, Alberta to better service the Company's existing client base and to respond to the increased activity in the area.
- Increased EBITDA and revenue by 32.3% and 13.1% respectively, from $21.6 million and $136.7 million to $28.6 million and $154.5 million respectively, a record for the Company for the first nine month period of a year, primarily due to strong activity in the Civil division and continued strength of other divisions.
- Reported comprehensive income of $10.0 million compared to a comprehensive loss of $(27.8) million in the first nine months of 2011, mainly due to strong results in the Civil division, as well as the recognition of a deferred income tax recovery in the current period, versus the non-cash charge loss on the change in fair value of trust and subordinated units in the comparative period.
- Opened a field office in Lloydminster, Alberta in order to better service the Company's existing customer base conducting heavy oil operations in the area.
Petrowest is an Alberta corporation involved in pre-drilling and post-completion energy services as well as industrial and civil infrastructure projects, gravel crushing and hauling for non-energy sector customers. Petrowest's primary operations are based in the Grande Prairie area of northern Alberta and in northeastern British Columbia
About TSX
http://www.tmx.com/
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more .
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free TSX investor news and stock alerts
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access our 14 online stock directories 24/7 - water, renewable energy, mining stocks and more…
http://www.investorideas.com/membership/
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com
EFLO acquired a 30.664% interest in the Assets from Nahanni Energy
Inc. and certain of its wholly owned subsidiaries ("Nahanni"). The
Nahanni purchase follows EFLO's earlier acquisition of Devon Canada's
interest (generally a working interest of 22.989%, with a working
interest of 69.337% in one gas well) in the Assets. Upon closing the
Nahanni purchase, EFLO became the largest interest holder in the
Kotaneelee with a general interest of 53.67% and a working interest of
100% in one gas well.
Research more natural gas stocks at the Investorideas stock directory of publicly traded stocks
About TSX 
About FieldPoint Petroleum Corporation 
This press release may contain projections and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934, as amended, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Any
such projections or statement reflect the company's current views with
respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that such projections
will be achieved and that actual results could differ materially from
those projected. A discussion of important factors that could cause
actual results to differ from those projected, such as decreases in oil
and gas prices and unexpected decreases in oil and gas production is
included in the company's periodic reports filed with the Securities and
Exchange Commission (at 
About PETRONAS 
Horn Petroleum Corporation is a Canadian oil and gas company with
assets in Puntland, Somalia. The Corporation holds a 60% interest and
operatorship in the Dharoor and Nugaal blocks encompassing a Jurassic
Rift Basin on trend and analogous to the large oil fields in Yemen
About Westport Innovations Inc. 
About Credo 