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Highlights for the three months ended March 31, 2012 include:
- In January, the Phase I expansion at San Jacinto was placed into commercial operation;
- Total revenue for the three months was $6.3 million, up $5.3 million from the prior year quarter;
- EBITDA for the three months was $2.7 million, up $8.3 million from the prior year quarter;
- General and administrative expenses for the three months decreased $3.2 million, or 53%, from the prior year quarter; and
- The Company entered into a letter of intent with SNC-Lavalin for the construction of the Geysers Project.