Apco Oil and Gas International, Inc. (APAGF) Reports 2009 Net Income Flat with 2008
Apco Oil and Gas International, Inc. reported net income of $23.5 million, or $0.80 per share, in 2009. This was about flat with the net income of $23.8 million, or $0.81 per share, reported for 2008. Apco Oil and Gas International, Inc. reported revenue of $72.7 million for 2009, up from $69.1 million in 2008. The company attributed the increase to higher oil and gas sales and higher realized prices for natural gas, offsetting weak year-over-year oil prices. Ralph Hill, the CEO of Apco Oil and Gas International, Inc., said, “Our track record of successful drilling in our core properties…