Jun
18
King Country Energy Appoints New CEO
June 18, 2009 | Leave a Comment
King Country Energy Board of Directors today announced the appointment of Mr Rob Foster as the company’s new Chief Executive Officer.
Mr Foster will join the company in August and replaces Mr Kit Wilson, who retired on 31 May after six years as CEO and thirteen years as a company director.
King Country Energy Chairman, Brian Gurney, [...]
Jun
18
King Country Energy Announces $3.45M Profit
June 18, 2009 | Leave a Comment
King Country Energy today announced a net profit after tax of $3.45 million. This is down $3.4 million on 2008 profits of $6.85 million.
King Country Energy’s operating surplus before interest, tax and valuation adjustments to energy derivatives was $8.52 million – up from $6.56 in 2008.
Operating cash flow was also positive, with a cash balance [...]