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Triangle Petroleum Details 4Q 2014 Earnings

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April 7, 2014

Triangle Petroleum Co. (NYSE MKT: TPLM) provided fourth-quarter 2014 and fiscal year 2014 earnings details, the company said April 7, noting that its fourth-quarter 2014 and its fiscal year 2014 both ended Jan. 31.

The fiscal year was ended with about $82 million in cash and about $205 million drawn on credit facilities, the company said.

Of the amount drawn on credit, 90% was in the exploration and production (E&P) segment, while 10% was associated with its subsidiary RockPile Energy Services, Triangle Petroleum said.

The estimated realized price for oil ...

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