Rancher Energy Corp. (RNCH.OB) Reports 2007 Financial Results and Highlights
Rancher Energy announced its financial results for the fiscal year ended March 31, 2007. The revenue was slightly increased to $1.2 Million. 2008 revenues are expected to increase substantially after the company's producing fields have four full quarters to contribute. During the fiscal year, Rancher Energy raised around $89 million in private placements. $73 million of the private placements was used to acquire three historically productive oil fields in the Powder River Basin. During the past year, the company strengthened its management team by adding four senior executives and by adding Mark Worthy to the company’s Board of Directors. Worthey…
