Rio Vista Energy Partners L.P., an energy services master limited partnership focused on the development of oil and gas in Oklahoma and the terminalling and transportation of bulk chemical and petroleum products in Virginia, today announced its financial results for the year ended December 31, 2007. The Company reported a net loss of ($4.9) million or ($2.44) per common unit.

“2007 was a transitional year in which we divested the Company of non-core assets and acquired the operations of Regional and certain assets in Oklahoma,” said Ian Bothwell, Chief Executive Officer of Rio Vista Energy Partners. “Although the 2007 operating results reflect the expenses associated with being a public company, divesting legacy businesses and acquiring oil and gas assets, we believe these costs will be supported by increased production levels in 2008.”

The following table summarizes the results of operations from continuing operations for the year ended December 31,2007 and reflects the results associated with the Transportation and Terminaling Business associated with bulk and petroleum products associated with Regional operations and LPG (sold December 31, 2007) including all costs associated with operation of the US-Mexico Pipelines and Matamoros Terminal Facility, and the acquisition of the Oklahoma assets during November 2007 and all indirect income and expenses of Rio Vista.

Detail Result Report At : centredaily.com

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