Cano Petroleum Announces FY 2008 First Quarter Results, Operational Update and Earnings Call.

Business Wire › November 08, 2007

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Cano Petroleum Announces FY 2008 First Quarter Results, Operational Update and Earnings Call.

FORT WORTH, Texas -- Cano Petroleum, Inc. (Amex:CFW) today announced its financial results for its fiscal year first quarter ended September 30, 2007. Following are selected financial highlights for the quarter.

First Quarter Results:

For the three months ended September 30, 2007, Cano's revenues were $8.7 million, which is $1.0 million or 14% over the same period last year and $84 thousand above the previous quarter. The company recorded a net loss attributed to common stock of $ 1.2 million or 4 cents per share compared to a loss of $636 thousand or 2 cents per share last year. The quarter financial results were adversely affected by weather r...

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