TQE Torque Energy Com

Torque Energy Inc. (TSX VENTURE:TQE) ("the Company") today filed with Canadian
securities authorities its unaudited financial statements and related
Management's Discussion and Analysis for the three and nine month periods ended
August 31, 2010.




                                       Period ending August 31, 2010        
                    --------------------------------------------------------
Operating                                                                   
 highlights:                            3 Months                    9 Months
----------------------------------------------------------------------------
 Net income         $166,768 or $0.01 per share  $427,867 or $0.03 per share
 Field level cash                                    $1,472,503 or $0.11 per
  flow              $484,442 or $0.04 per share                        share
 Funds flow from                                                            
  operations        $337,981 or $0.02 per share  $926,136 or $0.07 per share
 Operating Netbacks              $37.72 per BOE               $39.49 per BOE
 Sales volumes                  140 BOE per day              136 BOE per day



Note: The term BOE may be misleading, particularly if used in isolation. A BOE
conversion ratio of 6 Mcf: 1bbl is based on a energy equivalency conversion
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.


The Company realized a profit of $427,867 on revenues of $2,256,065 for the nine
months ended August 31, 2010 compared to a profit of $78,383 on revenues of
$2,039,895 for the same nine month period in 2009.


Funds flow from operations improved by 30% and 91% respectively for the three
and nine months ended August 31, 2010 compared to the same periods in 2009. This
performance continues to allow the Company to internally fund its capital
expenditure programs and improve its working capital position and also reduce
total bank indebtedness.


The Company experienced reduced sales volumes of approximately 6.4% and 12.1%
for the three and nine months ended August 31, 2010 compared to the prior year
which is primarily attributed to the Corey East field where two bottom hole pump
replacements in late 2008 resulted in flush production in the first half of
2009. All other decreases in volume represent the normal and expected declines
or short-term interruptions related to minor workovers and regularly scheduled
repairs.


Copies of the filed documents may be accessed electronically through the SEDAR
website at www.sedar.com and the Company's website www.torqueenergy.com.

Torque Energy Com (TSXV:TQE)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Torque Energy Com (TSXV:TQE)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024