12:37 FXEN misses on revs and earnings
FX Energy misses by $0.17, misses on revs (4.61 +0.08)
Reports Q3 (Sep) loss of $0.16 per share, $0.17 worse than the Capital IQ Consensus Estimate of $0.01; revenues fell 5.0% year/year to $9.6 mln vs the $9.97 mln consensus. Total net third quarter 2012 production was 1.2 Bcfe, compared to 1.1 Bcfe during the third quarter of 2011. Daily production for the third quarter of 2012 was approximately 13.2 Mmcfe/d, compared to 12.0 Mmcfe/d during the same quarter of 2011, an increase of 10%. Third quarter 2012 production would have averaged nearly 14.0 Mmcfe/d but for the unexpected shut down of the Company's Zaniemysl well for nearly a month for unscheduled maintenance. The Company expects its Winna Gora well to begin production during the fourth quarter, which could enable average daily production for the full quarter to reach approximately 14 Mmcfe/d.
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