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Milagro Beefs-Up 2Q Income

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August 15, 2012

Milagro Oil & Gas, Inc. announced financial results for the second quarter ended June 30, 2012.

Highlights

• Increased oil and natural gas liquids production to 3.1 MBopd for the quarter, an 11% volume increase over the prior year quarter

• Successfully drilled three development wells in the Magnet Withers Field and completed 30 capital workovers for a net production increase of 543 Boepd

• Revenue of $47.2 million and net income of $8.9 million for the quarter

• EBITDA of $20.5 million for the quarter, an 8% increase over ...


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