Fairborne Energy Ltd.
Fairborne Energy Ltd. (Fairborne Energy) is an oil and gas income trust. The company is engaged in the production and development of oil and natural gas. It has its development drilling operations in four core areas of Alberta namely in Central and Western Alberta and South-east Saskatchewan regions of Canada. It is headquartered in Alberta, Canada.
The company operates through its wholly owned subsidiaries with Fairborne Energy Ltd Fairborne ExchangeCo Ltd., Case Sub ULC, North American Explorer Inc., and Fairborne Pivotal Production Partnership. The total land holdings of the company were 11.3 million gross (68,000 net) acres.The company reported revenues of (Canadian Dollars) CAD 281.4 million during the fiscal year ended ---Select---- 2008, an increase of 56.6% over 2007. The operating profit of the company was CAD 62.2 million during the fiscal year 2008, whereas the company reported an operating loss of CAD 5.1 million during 2007. The net profit of the company was CAD 44.7 million during the fiscal year 2008, an increase of 197.3% over 2007.