The Golden Lounge

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Great Earning sout on PYR.V

Pyramid Petroleum announces record revenues and cash flow increases and other 2007 financial results
Thursday May 1, 12:55 pm ET


- Revenues, net of royalties, for the year ended December 31, 2007 were $16,542,307 compared to $1,666,396 for the year ended December 31, 2006. The increase is due to additional assets acquired in the Gulf of Mexico in the 2nd quarter of 2007 and a subsequent development program on those assets.

- Cash flow from operations for the year 2007 was $8,149,516 (22 cents per share) compared to $521,069 (2 cents per share) for the year 2006.

- Net income for the year 2007 was $2,684,333 (7 cents per share) compared to loss of $2,031,683 (loss of 7 cents per share) for the year 2006. The loss in 2006 included a write down of assets.

http://biz.yahoo.com/cnw/080501/pyramid_petro_results.html?.v=1