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CALGARY, Alberta--(BUSINESS WIRE)--March 31, 2005-- Powder River Basin Gas Corp. (OTCBB:PRVB) -
Company Achieves Net Profit of Over $1 Million
Powder River Basin Gas Corp., (OTCBB:PRVB), a revenue generating producer and acquirer of crude oil and natural gas, today announced it has completed its first full year of operations under the current management.
A significant turn around has taken place in the company's strategic direction under new management which resulted in the first profitable year in the company's history.
Powder River Basin Gas Corp. completed the first quarter ending March 31, 2004 with revenue of $39,063 which were the first earnings for the company.
The company went on to close the year ended December 31, 2004 with revenues of $2,184,880 and a net profit of $1,007,575.
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Actually the misreported their earnings...if i can find the PR they put out after that ill post it...but the actual earnings were alot less then that
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