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For the nine months ended 30 September 2015, Nordic Oil and Gas Ltd revenues decreased 73% to C$47K. Net income totaled C$1.6M vs. loss of C$480K. Revenues reflect Petroleum and natural gas decrease of 73% to C$50K. Net Income reflects General and administrative decrease of 58% to C$100K (expense), Stock option expense decrease from C$60K (expense) to C$0K, Depletion ,depreciation and impairment decrease of 39% to C$34K (expense).
Period Ending: | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 |
---|---|---|---|---|
Total Revenue | 0.01 | 0.01 | 0.02 | 0.17 |
Gross Profit | -0 | -0 | -0.01 | 0.04 |
Operating Income | 1.89 | -0.05 | -0.06 | -0.4 |
Net Income | 1.84 | -0.1 | -0.11 | -0.62 |
Period Ending: | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 |
---|---|---|---|---|
Total Assets | 8.93 | 8.94 | 8.94 | 8.96 |
Total Liabilities | 4.47 | 6.32 | 6.22 | 6.13 |
Total Equity | 4.46 | 2.62 | 2.72 | 2.83 |
Period Ending: | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 0.12 | 0.08 | 0.03 | -0.14 |
Cash From Investing Activities | -0.1 | -0.06 | -0.02 | 0.13 |
Cash From Financing Activities | 0 | 0 | 0 | 0.03 |
Net Change in Cash | 0.02 | 0.02 | 0.01 | 0.02 |
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