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Osage Exploration And Development Details 2013 Results

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March 31, 2014

Osage Exploration and Development Inc. (OTC: OEDV) had year-over-year (yoy) triple-digit growth in revenues, as well as oil and natural gas production and proved reserves, the company said March 31 when it detailed its year-end 2013 financial results.

Revenues from oil and natural gas—Colombian assets excluded—increased 255% yoy to just over $8 million, above 2012’s $2.3 million, the company said.

From this, the adjusted net EBITDA was $3.9 million, compared to 2012’s $218,500, Osage said.

Regarding operations, net oil production was up 246% yoy—76,409 barrels (bbl)—and natural gas production increased ...


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