Pyramid Oil Company (PDO) Reports Strong Financials, Projects Further Growth amid Rising Oil Prices, Expanding Operations
Today, veteran oil and gas sector developer Pyramid Oil, which has been fielding acreage candidates and drilling wells since 1909, punched out some very nice FY11 and Q4 (ended Dec 31, 2011) financial data. FY11 data offers a clear view of the company’s solid growth vector: • Sales - up 26% to $5.7M (from $4.5M in 2010) • Total Revenue - up 18% to $5.7M (from $4.8M) • EPS - up 359% to $0.23 (from $0.05) • Operating Cash Flow - up 47.1% to $2.5M (from $1.7M) • Cash, Cash Equivalents, and Short-Term Investments - up 30.4% to $6M (from…