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timhyma

04/24/12 6:38 AM

#80866 RE: EZ2 #80859

GBR- not a divy play, but they are in the sector:

The most significant components of the loss recorded in 2011 were bad debt expense of $10 million and impairment expense of $1.4 million for the Company’s oil and gas properties.



Due to the decline of the prices for natural gas during 2011 the Company has taken a non-cash charge to operations of $1.4 million as an impairment of the Company’s oil and gas reserves.