Endevco mit Potenzial!!! - 500 Beiträge pro Seite
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Nach dem Reverse Split am 11.03.2008 geht es hier wieder bei Null los!
http://www.endevcoinc.com/news.asp
Nach den News in den letzten Wochen, könnte hier wieder mal einiges gehen!!
Derzeit liegt die Hoffnung auf WSJU 109 und 111 Short Junction Field in Oklahoma.
http://www.endevcoinc.com/resources/ENDE_AnnouncesFirstHoriz…
http://www.endevcoinc.com/news.asp
Nach den News in den letzten Wochen, könnte hier wieder mal einiges gehen!!
Derzeit liegt die Hoffnung auf WSJU 109 und 111 Short Junction Field in Oklahoma.
http://www.endevcoinc.com/resources/ENDE_AnnouncesFirstHoriz…
Antwort auf Beitrag Nr.: 33.621.456 von Elefant1 am 12.03.08 16:32:11Na was ist den jetzt passiert!
Tja Aktiensplit 1:1000 und die Preffered 10:1.
Sonst ist alles beim alten geblieben. Nichts genaues weis man nicht!
Schön von dir zu hören chiptrader. Ich hoffe dir hat die Aktie nicht die Stimmung vermiest!!
Sonst ist alles beim alten geblieben. Nichts genaues weis man nicht!
Schön von dir zu hören chiptrader. Ich hoffe dir hat die Aktie nicht die Stimmung vermiest!!
Antwort auf Beitrag Nr.: 34.228.031 von Elefant1 am 03.06.08 16:44:31hi elefant,
ne die aktie hat mir die stimmung nicht vermiest.
hoffe immer noch drauf das hier mal der durchbruch gelingt.
die letzten tage sahen gar nicht schlecht aus.
Gruss
chip
ne die aktie hat mir die stimmung nicht vermiest.
hoffe immer noch drauf das hier mal der durchbruch gelingt.
die letzten tage sahen gar nicht schlecht aus.
Gruss
chip
EnDevCo Announces Preliminary Results of First Horizontal Well
Company to Utilize Schlumberger Services to Further Increase Record-Breaking Production at Short Junction Field
HOUSTON, June 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- EnDevCo, Inc. (OTC Bulletin Board: EDVC), the Energy Development Company, announced the preliminary results of the Company's first horizontal well at their Short Junction Field in Oklahoma. The WSJU #109StH (the "Well") has achieved daily production of 293 barrels of oil and 250 Mcf of associated gas. The Well was drilled in the Bois d'Arc member of the Hunton Limestone reservoir to a true vertical depth of 8,017 feet and is currently producing from a 6-1/8 inch open-hole unstimulated completion 3,354 feet in length using an electric submersible pump.
EnDevCo's plan for the next stage of the Well's development will be to fracture stimulate the Well using Schlumberger's "StageFRAC Multistage Fracturing and Completion" service. The system utilizes external casing packers, a hydraulic activated frac port and a series of sleeves to selectively open zones. The StageFRAC system will allow the open-hole reservoir to be broken down into discrete stages. The fracture treatment will be customized for each compartment, maximizing reservoir contact and reservoir drainage in the well bore. The ability to close sleeves and isolate stages will allow the Well to be managed to prolong its life and to maximize hydrocarbon recovery.
The Company also plans to utilize Schlumberger's StimMAP LIVE hydraulic fracturing diagnostics service in conjunction with the StageFRAC system. By using the StimMAP LIVE service, EnDevCo will be able to map the Well's frac propagation in real time and if necessary, treatment changes can be incorporated based on the real time mapping.
Mr. Chris A. Dittmar, Chief Executive Officer for EnDevCo, stated, "This single Well produced more hydrocarbons last month than the entire field produced in any single quarter last year and establishes a substantial and dependable monthly net profit from oil and gas production for the Company. Additionally, this Well is producing at an unstimulated rate approximately 50% better than DeGolyer and MacNaughton's engineering appraisal for a horizontal well in the Short Junction Field Hunton Limestone reservoir. Once the Well is fracture stimulated, it is projected to produce at least three times its current production rate."
About EnDevCo:
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently has 24 oil wells and 2 gas wells. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
SOURCE EnDevCo, Inc.
URL: http://www.endevcoinc.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
Company to Utilize Schlumberger Services to Further Increase Record-Breaking Production at Short Junction Field
HOUSTON, June 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- EnDevCo, Inc. (OTC Bulletin Board: EDVC), the Energy Development Company, announced the preliminary results of the Company's first horizontal well at their Short Junction Field in Oklahoma. The WSJU #109StH (the "Well") has achieved daily production of 293 barrels of oil and 250 Mcf of associated gas. The Well was drilled in the Bois d'Arc member of the Hunton Limestone reservoir to a true vertical depth of 8,017 feet and is currently producing from a 6-1/8 inch open-hole unstimulated completion 3,354 feet in length using an electric submersible pump.
EnDevCo's plan for the next stage of the Well's development will be to fracture stimulate the Well using Schlumberger's "StageFRAC Multistage Fracturing and Completion" service. The system utilizes external casing packers, a hydraulic activated frac port and a series of sleeves to selectively open zones. The StageFRAC system will allow the open-hole reservoir to be broken down into discrete stages. The fracture treatment will be customized for each compartment, maximizing reservoir contact and reservoir drainage in the well bore. The ability to close sleeves and isolate stages will allow the Well to be managed to prolong its life and to maximize hydrocarbon recovery.
The Company also plans to utilize Schlumberger's StimMAP LIVE hydraulic fracturing diagnostics service in conjunction with the StageFRAC system. By using the StimMAP LIVE service, EnDevCo will be able to map the Well's frac propagation in real time and if necessary, treatment changes can be incorporated based on the real time mapping.
Mr. Chris A. Dittmar, Chief Executive Officer for EnDevCo, stated, "This single Well produced more hydrocarbons last month than the entire field produced in any single quarter last year and establishes a substantial and dependable monthly net profit from oil and gas production for the Company. Additionally, this Well is producing at an unstimulated rate approximately 50% better than DeGolyer and MacNaughton's engineering appraisal for a horizontal well in the Short Junction Field Hunton Limestone reservoir. Once the Well is fracture stimulated, it is projected to produce at least three times its current production rate."
About EnDevCo:
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently has 24 oil wells and 2 gas wells. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
SOURCE EnDevCo, Inc.
URL: http://www.endevcoinc.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
EnDevCo Issues Corporate Update
HOUSTON, Aug 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- EnDevCo, Inc. (OTC Bulletin Board: EDVC), the Energy Development Company, is pleased to update its shareholders and the investment community on the developments that have taken place over the last year and its current status as the Company continues to execute its business plan and corporate goals.
"We have experienced tremendous growth over the last twelve months and would like to identify for our current shareholders and the investing public those events/activities that have taken place that helped us make the shift from an emerging growth company to a fully producing oil and gas company. Now that this has been accomplished, we will move forward with our drilling campaign to fully exploit the more than 45 million barrels of oil equivalent proved reserves that we have in our North American properties," commented Chris A. Dittmar, Chief Executive Officer of EnDevCo.
Most recently, the Company completed drilling and testing of the first horizontal well in Short Junction Field, located in Cleveland County, Oklahoma. The well, WSJU #109 StH, produced better than projected preliminary results, reaching a peak production of 293 barrels of oil and 250 Mcf of associated gas. EnDevCo is currently planning the fracture stimulation of the well to maximize its production capabilities. In addition to the horizontal well, Short Junction is also producing from 23 oil and 2 gas vertical wells and the combined production represents more than a 300% increase since EnDevCo acquired the property in 2006. The Company expects to have additional horizontal wells drilled in the Field by the end of 2008. "The current production at Short Junction has brought us to the point of consistent revenue generation, and it is our intention to continue to build production from our existing properties," stated Joe Lessard, EnDevCo's Chief Financial Officer.
EnDevCo is currently in late stage negotiations with two financial institutions for a new larger credit facility, which will bring lower cost funding to the Company. "We are pleased with the way that our negotiations are going regarding the financing. Once the funding is closed, it will greatly enhance our ability to increase drilling activity and lower our cost of capital which in turn will significantly increase our revenue and cash flow," commented Mr. Dittmar. The financing will be used primarily to continue drilling on the Company's domestic properties and to advance development efforts in South America. Earlier this year, EnDevCo announced its working interest position in Peru's Block XXIV, thereby adding to its existing international activities.
In March of this year, EnDevCo announced a 100 for 1 reverse stock split, which was the first step in reaching an important public company goal: listing on a primary national exchange. The Company's trading symbol was changed from ENDE to EDVC and it has since commenced an investor awareness program to gain exposure within the investment community. "We are moving forward with our plan to list on a primary exchange and our corporate restructuring activities over the last six months were designed to achieve that goal," said Mr. Dittmar.
EnDevCo has made significant progress over the last year and is focused on executing its business plan and building value for its shareholders. "Everyone at EnDevCo is excited and confident in our ability as a company to expand our operations and grow to our full potential. We have made progress towards that goal and are looking forward to rewarding our shareholders in the coming years," Mr. Dittmar concluded.
About EnDevCo, Inc.
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently has 24 oil wells and 2 gas wells. The Company recently completed drilling its first horizontal well, which has increased production in the Field by more than 300%. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
SOURCE EnDevCo, Inc.
URL: http://www.endevcoinc.com/
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: Texas
INDUSTRY KEYWORD: OIL
OTC
HOUSTON, Aug 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- EnDevCo, Inc. (OTC Bulletin Board: EDVC), the Energy Development Company, is pleased to update its shareholders and the investment community on the developments that have taken place over the last year and its current status as the Company continues to execute its business plan and corporate goals.
"We have experienced tremendous growth over the last twelve months and would like to identify for our current shareholders and the investing public those events/activities that have taken place that helped us make the shift from an emerging growth company to a fully producing oil and gas company. Now that this has been accomplished, we will move forward with our drilling campaign to fully exploit the more than 45 million barrels of oil equivalent proved reserves that we have in our North American properties," commented Chris A. Dittmar, Chief Executive Officer of EnDevCo.
Most recently, the Company completed drilling and testing of the first horizontal well in Short Junction Field, located in Cleveland County, Oklahoma. The well, WSJU #109 StH, produced better than projected preliminary results, reaching a peak production of 293 barrels of oil and 250 Mcf of associated gas. EnDevCo is currently planning the fracture stimulation of the well to maximize its production capabilities. In addition to the horizontal well, Short Junction is also producing from 23 oil and 2 gas vertical wells and the combined production represents more than a 300% increase since EnDevCo acquired the property in 2006. The Company expects to have additional horizontal wells drilled in the Field by the end of 2008. "The current production at Short Junction has brought us to the point of consistent revenue generation, and it is our intention to continue to build production from our existing properties," stated Joe Lessard, EnDevCo's Chief Financial Officer.
EnDevCo is currently in late stage negotiations with two financial institutions for a new larger credit facility, which will bring lower cost funding to the Company. "We are pleased with the way that our negotiations are going regarding the financing. Once the funding is closed, it will greatly enhance our ability to increase drilling activity and lower our cost of capital which in turn will significantly increase our revenue and cash flow," commented Mr. Dittmar. The financing will be used primarily to continue drilling on the Company's domestic properties and to advance development efforts in South America. Earlier this year, EnDevCo announced its working interest position in Peru's Block XXIV, thereby adding to its existing international activities.
In March of this year, EnDevCo announced a 100 for 1 reverse stock split, which was the first step in reaching an important public company goal: listing on a primary national exchange. The Company's trading symbol was changed from ENDE to EDVC and it has since commenced an investor awareness program to gain exposure within the investment community. "We are moving forward with our plan to list on a primary exchange and our corporate restructuring activities over the last six months were designed to achieve that goal," said Mr. Dittmar.
EnDevCo has made significant progress over the last year and is focused on executing its business plan and building value for its shareholders. "Everyone at EnDevCo is excited and confident in our ability as a company to expand our operations and grow to our full potential. We have made progress towards that goal and are looking forward to rewarding our shareholders in the coming years," Mr. Dittmar concluded.
About EnDevCo, Inc.
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently has 24 oil wells and 2 gas wells. The Company recently completed drilling its first horizontal well, which has increased production in the Field by more than 300%. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
SOURCE EnDevCo, Inc.
URL: http://www.endevcoinc.com/
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: Texas
INDUSTRY KEYWORD: OIL
OTC
Alles ein wenig schwammig!
Die Internetseite ist allerdings ein wenig aufschlussreicher geworden!
Ob das nur Ablenkung ist, oder wirklicher Fortschritt des Unternehmens, dass werden wir wohl bald erfahren!
http://www.endevcoinc.com/projects.asp
Die Internetseite ist allerdings ein wenig aufschlussreicher geworden!
Ob das nur Ablenkung ist, oder wirklicher Fortschritt des Unternehmens, dass werden wir wohl bald erfahren!
http://www.endevcoinc.com/projects.asp
Diese Art von Freizügigkeit kenne ich ja garnicht von diesem Unternehmen!
http://www.endevcoinc.com/images/edvcpp.pdf
Mal schaun wo es hin geht.
http://www.endevcoinc.com/images/edvcpp.pdf
Mal schaun wo es hin geht.
Antwort auf Beitrag Nr.: 34.667.581 von Elefant1 am 07.08.08 11:05:16ende stellt uns auf eine lange gedultsprobe! :-(
EnDevCo Announces 2nd Horizontal Well at Short Junction Field
HOUSTON, Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- EnDevCo, Inc. (OTC Bulletin Board: EDVC), the Energy Development Company, announced today that preparations for the 2nd horizontal well at Short Junction Field have been completed. The drilling site for the upcoming WSJU #111 StH well has been prepared and is ready to accept the rig.
"There are multiple processes involved in preparing for a new well," stated Chris A. Dittmar, Chief Executive Officer at EnDevCo. "Our team worked efficiently to ensure that all aspects required for the drilling and completion of the next horizontal well in the Short Junction Field were completed seamlessly. We are pleased to be moving forward with our drilling campaign and plan to accelerate the process there until we are producing at full capacity," said Mr. Dittmar.
About EnDevCo:
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently produces from 24 oil wells and 2 gas wells. The Company recently completed drilling its first horizontal well, which has increased production in the Field by more than 300%. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
SOURCE EnDevCo, Inc.
URL: http://www.endevcoinc.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: Texas
INDUSTRY KEYWORD: OIL
HOUSTON, Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- EnDevCo, Inc. (OTC Bulletin Board: EDVC), the Energy Development Company, announced today that preparations for the 2nd horizontal well at Short Junction Field have been completed. The drilling site for the upcoming WSJU #111 StH well has been prepared and is ready to accept the rig.
"There are multiple processes involved in preparing for a new well," stated Chris A. Dittmar, Chief Executive Officer at EnDevCo. "Our team worked efficiently to ensure that all aspects required for the drilling and completion of the next horizontal well in the Short Junction Field were completed seamlessly. We are pleased to be moving forward with our drilling campaign and plan to accelerate the process there until we are producing at full capacity," said Mr. Dittmar.
About EnDevCo:
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently produces from 24 oil wells and 2 gas wells. The Company recently completed drilling its first horizontal well, which has increased production in the Field by more than 300%. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
SOURCE EnDevCo, Inc.
URL: http://www.endevcoinc.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: Texas
INDUSTRY KEYWORD: OIL
Wenn die Presentation halbwegs eintrift, dann kann es hier noch was werden!
http://www.endevcoinc.com/images/edvcpp.pdf
http://www.endevcoinc.com/images/edvcpp.pdf
Antwort auf Beitrag Nr.: 34.865.728 von Elefant1 am 26.08.08 16:06:32wie lane reden wir schon davon! :-)
hoffe es kommt bald money rein!
Gruss
chip
hoffe es kommt bald money rein!
Gruss
chip
Seit viel zu langer Zeit warten wir hier auf Ergebnisse - chiptrader!!
Antwort auf Beitrag Nr.: 34.881.202 von Elefant1 am 27.08.08 18:47:23ab und zu soll ja warten belohnt werden!
ich weiß nur eines, wenn ich heute verkaufe stehen wir in einem monat bei 35 Dollar? und dann würde ich mich zu tode ärgern und ich bin doch noch sooo jung! :-)
Gruss
Chip
ich weiß nur eines, wenn ich heute verkaufe stehen wir in einem monat bei 35 Dollar? und dann würde ich mich zu tode ärgern und ich bin doch noch sooo jung! :-)
Gruss
Chip
Antwort auf Beitrag Nr.: 34.881.707 von chiptrader am 27.08.08 19:21:57HOUSTON / November 12, 2008
EnDevCo Announces Third Quarter 2008 Financial Results
Positive Earnings Per Share Recorded For First Time In EnDevCo’s History
EnDevCo, Inc. (OTCBB: EDVC), the Energy Development Company, is pleased to announce financial
results for the three months ending September 30, 2008.
• Earnings Per Share were $0.05 compared to a loss of ($0.40) per share during the same quarter in
2007.
• Net Income from Operations was $425,634 for the third quarter 2008 versus a ($411,579) loss for
the same period in 2007.
• Revenues were $1,019,178 for the three months ending September 30, 2008, representing a 155%
increase when compared to $398,281 for the third quarter of 2007.
“We are especially pleased to release the third quarter financial results which validate our commitment to
building value for our shareholders. This is the first time in EnDevCo’s history that this has been achieved,
and we are confident that as we continue to grow, so will these earnings,” stated Chris A. Dittmar,
EnDevCo’s Chief Executive Officer. “The dramatic increases in our revenue and net income are due largely
to the increased production at Short Junction Field together with lower lease operating expenses resulting
from the field facility upgrade program initiated last year and lower oil and gas prices which positively
impacted our hedging costs,” commented Joseph Lessard, Chief Financial Officer for the Company. “Our
earnings outlook for the remainder of 2008 is favorable, as our plans to increase production in the Short
Junction Field are moving forward,” Mr. Lessard went on to say.
About EnDevCo:
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of
"Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in
Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short
Junction Field, located in Oklahoma, currently produces from 24 oil wells and 2 gas wells. EnDevCo maintains
offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs,
expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial
performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements
are made. However, actual results could differ materially from anticipated results. Important factors that may impact
actual results include, but are not limited to commodity prices, political developments, legal decisions, market and
economic conditions, industry competition, the weather, changes in financial markets and changing legislation and
regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions
of Section 21E of the Securities and Exchange Act of 1934, as amended.
Contact:
Investor Relations
EnDevCo, Inc.
Tom Cloutier
Tel: (760) 832-2412
Eml: tcloutier@endevcoinc.com
EnDevCo Announces Third Quarter 2008 Financial Results
Positive Earnings Per Share Recorded For First Time In EnDevCo’s History
EnDevCo, Inc. (OTCBB: EDVC), the Energy Development Company, is pleased to announce financial
results for the three months ending September 30, 2008.
• Earnings Per Share were $0.05 compared to a loss of ($0.40) per share during the same quarter in
2007.
• Net Income from Operations was $425,634 for the third quarter 2008 versus a ($411,579) loss for
the same period in 2007.
• Revenues were $1,019,178 for the three months ending September 30, 2008, representing a 155%
increase when compared to $398,281 for the third quarter of 2007.
“We are especially pleased to release the third quarter financial results which validate our commitment to
building value for our shareholders. This is the first time in EnDevCo’s history that this has been achieved,
and we are confident that as we continue to grow, so will these earnings,” stated Chris A. Dittmar,
EnDevCo’s Chief Executive Officer. “The dramatic increases in our revenue and net income are due largely
to the increased production at Short Junction Field together with lower lease operating expenses resulting
from the field facility upgrade program initiated last year and lower oil and gas prices which positively
impacted our hedging costs,” commented Joseph Lessard, Chief Financial Officer for the Company. “Our
earnings outlook for the remainder of 2008 is favorable, as our plans to increase production in the Short
Junction Field are moving forward,” Mr. Lessard went on to say.
About EnDevCo:
EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of
"Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in
Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short
Junction Field, located in Oklahoma, currently produces from 24 oil wells and 2 gas wells. EnDevCo maintains
offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com.
This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs,
expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial
performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements
are made. However, actual results could differ materially from anticipated results. Important factors that may impact
actual results include, but are not limited to commodity prices, political developments, legal decisions, market and
economic conditions, industry competition, the weather, changes in financial markets and changing legislation and
regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions
of Section 21E of the Securities and Exchange Act of 1934, as amended.
Contact:
Investor Relations
EnDevCo, Inc.
Tom Cloutier
Tel: (760) 832-2412
Eml: tcloutier@endevcoinc.com
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