(OTCBB: CHAR) Interesting NEWS....
WHITE PLAINS, NY, March 13 /PRNewswire-FirstCall/ - Chaparral Resources,
Inc. (OTCBB: CHAR), an exploration and development company operating in
Kazakhstan, today releases its unaudited preliminary operating results for the
year ended December 31, 2005.
HIGHLIGHTS:
Financial
- 92% increase in total revenue - $150.6 million for the year ended
December 31, 2005 (2004: $78.5 million)
- 262% increase in net income - $30.8 million ($0.77 per share on a
fully diluted basis) for the year ended December 31, 2005, compared
to $8.5 million ($0.22 per share) for year ended December 31, 2004.
Operational
- Record annual production - An increase of 25% to 3,534,000 barrels,
net of royalties, from 2,835,000 barrels net in 2004.
- 12% increase in proved reserves to 45.3 million barrels of oil, net
of royalties (as at December 31, 2005)
