Softrock Minerals Ltd

Published : August 19th, 2015

Softrock Minerals releases record second quarter results

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Softrock Minerals releases record second quarter results

CALGARY , Aug, 19, 2015 /CNW/ - Softrock Minerals (TSV Venture: SFT) is pleased to announce its financial and operating results for the three and six months ending June 30, 2015 .

Copies of the results in detail may be obtained at www.sedar.com and/or the company's website at www.softrockminerals.com.

Second Quarter Highlights Are

  • Revenue during the second quarter tripled over the same quarter last year from $6,533 to $19,646 due primarily to the addition of the first producing well on the Company's farmed out 640 acre lease in the Charlie Lake oilfield of northwestern Alberta for which the company retained a GORR of 2 and one-half per cent for each well with no deductions for treatment, Further drilling is being considered.
  • Net Income for the quarter was $7,124 . The first positive income quarter since the last quarter of 2013.
  • The company is debt free and has a working capital of $23,736

Neither the TSX Venture nor its Regulation Service Provider (as the term is defined in the policies of the TSX-V Exchange) accepts the responsibility for the accuracy or adequacy of this release

SOURCE Softrock Minerals Ltd.

Read the rest of the article at finance.yahoo.com

Softrock Minerals Ltd

CODE : SFT.V
ISIN : CA8339651066
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Softrock Min. is a silver and gold exploration company based in Canada.

Softrock Min. is listed in Canada. Its market capitalisation is CA$ 1.1 millions as of today (US$ 854 845, € 876 644).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.35, and its lowest recent point on June 19, 2020 at CA$ 0.01.

Softrock Min. has 23 759 000 shares outstanding.

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Corporate news of Softrock Minerals Ltd
7/30/2016Softrock issues progress report - July 13, 2016
12/13/2015Softrock announces addition of Michele Stanners to its board...
8/25/2015Softrock releases record second quarter results - August 19,...
8/19/2015Softrock Minerals releases record second quarter results
5/8/2014Issues Progress Report
5/8/2014Softrock Issues Progress Report
1/14/2014reports location for first well on farmed out section
12/17/2013farms out Spirit River, Alberta, oil lease
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