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CABO'S PRESIDENT JOHN VERSFELT INTERVIEWED ON WWW.RESOURCEWORLDRADIO.COM

Cabo's acquisitions are now profitable, and providing cash flow. Not too much at this point, combined annual earnings before taxes around $900,000 Cdn if we extrapolate recent numbers, but I suspect these numbers will increase as drilling activity picks up with all the money raised by so many companies in the last 6 months. I suspect that a year ago, summer of 2003, when Cabo was laying the groundwork for these drilling company acquisitions, there was not nearly as much drilling being done, which skews the profit numbers lower than they might be in the future.

Link to interview

 


Last Updated: 08/25/2004