In 2009, Doral Energy had gross production of 46.2 MBbls (thousand barrels) of crude oil and 12.2 MMCF (million cubic feet) of natural gas or 48.2 MBOE (thousand barrels of oil equivalent), for Company net production of 33.7 MBbls of oil and 8.9 MMCF of gas (35.2 MBOE). With net revenue of $1.83 million from the sale of oil and gas and $0.90 million from oil hedge settlements, the Company's year-end financials resulted in net loss of $1.92 million, nevertheless, the Company exhibited a positive year-end EBITDA of $0.53 million.
E. Will Gray II, CEO & Vice Chairman of Doral, states, "We are pleased to announce to Doral Shareholders the results of our first full year of operations and welcome both current and future shareholders to review these results. Furthermore, Management is diligently working to satisfy our outstanding debt with
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About Doral Energy Corp.
Doral Energy Corp. (OTC.BB:DRLY) is an oil and gas exploitation and production company headquartered in
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