Rochester, NY 8/18/2009 6:50:14 PM
Magnum Hunter Resources Corp., MHR - Magnum Hunter Resources Corporation Reports Financial Result for the Second Quarter of Fiscal Year 2009
Magnum Hunter Resources Corp.
Magnum Hunter Resources Corporation recently release company’s financial and operating results for the three months and six month ended June 30, 2009.
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Magnum Hunter reported a net loss of $3.4 million, or ($0.09) per basic and fully diluted shares outstanding for the second quarter of 2009, as compared to $1.9 million, or ($0.05) per basic and fully diluted shares outstanding during the same quarter of last year. Second quarter loss for 2009 is attributable to the substantial decline in the realized price for crude oil and realized natural gas prices when compared to the second quarter of last year.
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