Company Profile For Compton Petroleum Corporation

Compton Petroleum Corporation (CMT.TO) (Toronto Stock Exchange)

sector: Energy · industry: Oil & Gas Exploration & Production ·

As of 2:29am IST

1.06CAD

Price Change

-0.01

Percent Change

-0.93%

Analyst Recommendations

Overview

Compton Petroleum Corporation (Compton) is engaged in the exploration for and, development and production of natural gas, natural gas liquids, and crude oil in western Canada. The Company’s operations are located in the deep basin fairway of the western Canada sedimentary basin in the province of Alberta. Compton is active in three deep basin natural gas development plays: the Basal Quartz sands at Hooker in southern Alberta, the Gething/Rock Creek sands at Niton and Caroline in central Alberta, and the shallower Plains Belly River sand play in southern Alberta. Its subsidiaries include Compton Petroleum Finance Corporation and Hornet Energy Ltd.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Compton Petroleum Corporation's revenues decreased 60% to C$109.5M. Net income totaled C$2.5M vs. a loss of C$6.9M. Revenues reflect decreased oil & natural gas revenues. Net income reflects a decrease in operating expenses, lower transportation expenses, decreased general & administrative expenses and the presence of foreign exchange & other gain vs. a loss.