August 19, 2015
SOFTROCK RELEASES RECORD SECOND QUARTER RESULTS
CALGARY, Aug, 19, 2015 /CNW/ - Softrock Minerals (TSV Venture: SFT) is pleased to announce its financial and operating results for the three and six months ending June 30, 2015.
Copies of the results in detail may be obtained at www.sedar.com and/or the company's website at www.softrockminerals.com.
Second Quarter Highlights Are:
- Revenue during the second quarter tripled over the same quarter last year from $6,533 to $19,646 due primarily to the addition of the first producing well on the Company's farmed out 640 acre lease in the Charlie Lake oilfield of northwestern Alberta for which the company retained a GORR of 2 and one-half per cent for each well with no deductions for treatment, Further drilling is being considered.
- Net Income for the quarter was $7,124. The first positive income quarter since the last quarter of 2013.
- The company is debt free and has a working capital of $23,736.
SOURCE Softrock Minerals Ltd.
On behalf of the Board of Directors
The Honourable Nick Taylor, President and Chief Executive Officer
For further information please contact:
Softrock Minerals Ltd.
#1010, 825 – 8th Avenue SW
Calgary, Alberta T2P 2T3
Ph:(403) 266-2605 or Fax:(403) 266-2730
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.