Triangle Petroleum Co. (NYSE MKT: TPLM) provided fourth-quarter 2014 and fiscal year 2014 earnings details, the company said April 7, noting that its fourth-quarter 2014 and its fiscal year 2014 both ended Jan. 31.
The fiscal year was ended with about $82 million in cash and about $205 million drawn on credit facilities, the company said.
Of the amount drawn on credit, 90% was in the exploration and production (E&P) segment, while 10% was associated with its subsidiary RockPile Energy Services, Triangle Petroleum said.
The estimated realized price for oil rose over the fiscal year. It stood at $88.07 for the fiscal year, and was $95.59 for the first-quarter, the company said.
Denver-based Triangle Petroleum Co. holds 94,000 net acres in the Bakken/Three Forks areas.
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