Detail akcie Wentworth Energy online

Business Summary: Wentworth Energy, Inc. is an exploration and production company engaged in oil and gas exploration, drilling and development. The Company holds oil and gas interests in Anderson County, Freestone County, and Jones County, Texas. The Company holds 90% interest in approximately 27,557 gross acres (approximately 22,682 net acres) of oil and gas fee mineral rights known as the P.D.C. Ball mineral property owned by Roboco Energy, Inc. in Anderson County, Freestone County and Jones County, Texas. The Company has two three-year Oil, Gas & Mineral Leases and a Joint Operating Agreement with Marathon Oil Company and its affiliate (together, Marathon) granting Marathon the right to explore and develop approximately 9,200 acres of its mineral property in Freestone County, Texas. The agreements give Marathon the right to drill oil and gas wells and develop the property.
Financial Summary: BRIEF: For the nine months ended 30 September 2010, Wentworth Energy Inc revenues decreased 13% to $365K. Net loss before extraordinary items increased 11% to $6.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Unrealized gain on derivatives decrease from $818K (income) to $86K (expense), Other income decrease from $118K (income) to $0K.