Mariner Energy Reports 25% Increase in 2007 Production and 222% Reserve Replacement
Fourth quarter 2007 net income was $50.2 million, compared to $43.2 million (including a non-cash hedging gain of $6.6 million) for the fourth quarter 2006. Basic and fully-diluted earnings per share (EPS) for the fourth quarter 2007 was $0.59 and $0.58, respectively, compared to $0.51 basic and $0.50 fully-diluted EPS in the fourth quarter of 2006.