Running Fox 2007 Results: $6.486 Million in Revenues, Growth in Assets
CALGARY, ALBERTA–( EMWNews – March 31, 2008) – Running Fox Resource Corp. (TSX VENTURE:RUN) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q)
Trent Moore, Vice President, reports:
Running Fox has filed its 2007 fiscal year financial statements on SEDAR. Revenues for the past fiscal year ending November 30, 2007 were $6,485,909.00. Earnings before interest, taxes, depreciation and amortization, were $207,401.00
Consolidated revenues were increased somewhat from last year with revenues provided from two 100% owned oilfield service subsidiaries, and from the sale of Alberta natural gas and condensates. It was a tough year in the Alberta oilfield sector, and the management of Running Fox looks forward to renewed vigor in the oil patch in the coming months.
Running Fox has recently added further acreage to its previously announced New Mexico, U.S. acreage that is prospective for uranium and vanadium mineralization.
Running Fox Resource Corp. is developing assets and cash flow in four key divisions:
1. Energy Sector Oilfield Services and Environmentally Beneficial Technology;
2. Oil and Natural Gas Exploration and Production;
3. High-Grade Gold and Uranium Exploration Mineral Projects; and
4. Environmental Services: Encapsulation and Remediation For Oil/Gas and Mining.
On behalf of the Board of Directors: Trent Moore, VP.
The Company relies on legislation applicable to forward looking statements, and seeks safe harbour.
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