$ANFC - Black Ridge Oil & Gas Financial Highlights
Adjusted EBITDA increased to $982 thousand, compared to a loss of $(30) thousand in the first quarter of 2012
Total revenues increased 187% from the first quarter of 2012 to $1.91 million and 13% compared to the fourth quarter of 2012
Realized oil price was $90.70 per barrel in the first quarter of 2013 compared to $85.43 and $85.15 in the first quarter of 2012 and the fourth quarter of 2012, respectively
General and administrative expenses decreased 15% compared to the first quarter of 2012, representing a 69% decrease on a per Boe basis
Net income reached $314 thousand compared to a net loss of $(761) thousand in the first quarter of 2012.