American Noble Gas, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 01:58 pm
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American Noble Gas, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.043481 million compared to USD 0.019862 million a year ago. Net loss was USD 0.741168 million compared to USD 0.425326 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago.
For the six months, sales was USD 0.068758 million compared to USD 0.019862 million a year ago. Net loss was USD 1.3 million compared to USD 0.62895 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.04 a year ago.
American Noble Gas, Inc. is engaged in the business of exploring and developing areas that contain noble gas and rare earth mineral reserves, in addition to the exploration and development of traditional oil and gas. The Companyâs Central Kansas Uplift Properties include the production and mineral rights/leasehold for oil and gas properties, subject to overriding royalties to third parties, covering over 11,000 contiguous acres. Its properties include a horizontal producing well, horizontal saltwater injection well, conventional saltwater disposal well, and two conventional vertical producing wells, which produce oil from the Reagan Sand zone at an approximate depth of 3,600 feet. It also has an oil and gas interest in the Hugoton Gas Field, located in Haskell and Finney Counties, Kansas. It also assessed various opportunities and strategic alternatives involving the acquisition, exploration and development of oil and gas oil producing properties in the United States.
AMERICAN NOBLE GAS, INC. 
