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Mission Resources Announces Improved Second-Quarter Results and Strengthened Financial Position.

Business Wire

| August 12, 2002 | COPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--Aug. 12, 2002

Mission Resources Corporation (Nasdaq:MSSN) today announced a second quarter 2002 adjusted loss of $1.1 million, or $0.05 per fully diluted share, on total adjusted revenues of $32.1 million. Adjusted discretionary cash flow for the period totaled $9.2 million, or $0.39 per diluted share, and adjusted earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) totaled $16.2 million.

On an unadjusted basis, the net loss for the second quarter of 2002 was $6.0 million, or $0.25 per fully diluted share, including a $1.8 million after-tax charge related to the ...

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Source: HighBeam Research, Mission Resources Announces Improved Second-Quarter Results and...