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Stock Market & Financial Investment News

News Breaks
April 17, 2013
07:14 EDTNSLPNew Source Energy reports FY12 average daily net production 3,147 Boe/d
Average daily oil production was 167 Bbl/d during the year ended December 31, 2012, an increase of 25% from the year ended December 31, 2011. Estimated proved reserves were approximately 14.2 MMBoe as of December 31, 2012, an increase of 3% from the year ended December 31, 2011. Reports adjusted EBITDA for the year ended December 31, 2012 of $29.8M, net income $3.1M. Crude oil production was 61,010 Bbls per day during the year ended December 31, 2012, an increase of 25% from the year ended December 31, 2011. Natural gas production amounted to 2.3 Bcf during the year ended December 31, 2012, a decrease of 4% from the year ended December 31, 2011. Natural gas liquids production was 711,195 Bbls for the year ended December 31, 2012, a decrease of 1% from the year ended December 31, 2011.
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July 21, 2014
16:06 EDTNSLPNew Source Energy approves Q2 distribution increase to 58.5c per unit
New Source Energy announced that the board of its General Partner has approved an increase to the Q2 distribution to 58.5c per unit on all outstanding units, or $2.34 on an annualized basis. The Q2 distribution will be paid on August 15, to all unit holders of record on August 1.

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