RANCHER ENERGY CORP(OBB: RNCH.OB)Last Trade: 0.02 Trade Time:...

RANCHER ENERGY CORP(OBB: RNCH.OB)
Last Trade: 0.02
Trade Time: Feb 6

10-Mar-08 0.54

During the first quarter we made good progress bringing total operating expenses more in line with oil sales as we continued to evaluate options to fund the CO2 recovery phase of our enhanced oil recovery (EOR) program," said John Works, President & CEO of Rancher Energy. "More recently we engaged an investment bank to serve as the Company's financial advisor to consider strategic alternatives to maximize the value of our considerable asset base, which includes three promising oil fields in the Powder River Basin and a CO2 contract with ExxonMobil."