Business & Finance
Business and Finance
Business and Finance
Thu, May 24, 2012
Wed, May 23, 2012 Drako Capital Corp. Announces the Release of First Quarter Financial Results
May 23, 2012 16:52 ET
Drako Capital Corp. Announces the Release of First Quarter Financial Results
CALGARY, ALBERTA--(Marketwire - May 23, 2012) - Drako Capital Corp. ("Drako" or the "Corporation") (TSX VENTURE:DKC) announces the release of the financial results for the three months ended March 31, 2012.
The Corporation's financial statements and management's discussion and analysis for the three months ended March 31, 2012 will be available on SEDAR at [ www.sedar.com ].
The Corporation participated in the drilling of a horizontal well in the Stolberg area of Alberta. A liner is presently being installed and we expect production testing to commence within the next two weeks. Drako's participation in the well is 12% of the costs of drilling and completing, resulting in an undivided 8% working interest.
Drako is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
