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American Eagle Energy Details 1Q Financial Results

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May 15, 2014

On May 13, American Eagle Energy Corp. (NYSE MKT: AMZG) detailed its financial results for first-quarter 2014. The quarter ended March 31, the company added.

Oil and natural gas revenue increased 64% from first-quarter 2013, American Eagle Energy said, noting the $12.5 million compared with first-quarter 2013’s $7.6 million. The increase was due to increased production from wells in the Three Forks and Bakken’s Spyglass area, the company added.

Regarding liquidity, on March 31, the company had about $50.1 million in cash, $108 million in total outstanding debt and 30.4 ...

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