|By PR Newswire||
|November 12, 2012 07:56 PM EST||
CALGARY, Nov. 12, 2012 /PRNewswire/ - All amounts are in U.S. Dollars unless otherwise indicated:
|Third Quarter||First Nine Months|
|$ per common share||$(0.03)||$0.00||L||$(0.07)||$0.00||L|
|Average Production (Boepd)||1,547||1,868||(17%)||1,547||1,503||3%|
|Average Product Price per Barrel||$34.11||$46.81||(27%)||$35.01||$46.79||(25%)|
|Average Netback per Barrel||$17.77||$28.27||(37%)||$17.71||$27.56||(36%)|
|Cash and Cash Equivalents||$10,285||$40,496||$41,957|
BNK's President and Chief Executive Officer, Wolf Regener commented:
"Third Quarter results reflect our continued investment in Poland as we seek to discover new large shale gas reserves in that country as well as continued investment in our Oklahoma assets. In Poland we believe we are much closer to proving that shale gas will work in Europe with our Gapowo B-1 well results. We are looking forward to obtaining the approvals needed to drill the lateral to test the overpressured, high gas show intervals that we encountered. In the United States our production from the Woodford shale has begun increasing once again and we look forward to further evaluation of the mainly oil producing Caney/Sycamore lime interval in the same field. The Caney/Sycamore lime could add substantial reserves and it should generate much higher net backs since it is anticipated to be mainly oil, based on our early results.
In the third quarter the Company incurred a loss of $4.3 million versus a loss of $.3 million in the third quarter of 2011. For the first nine months of 2012 the Company incurred a loss of $10.4 million versus a profit of $18,000 earned in the first nine months of 2011. In the third quarter oil and gas revenues before royalties were up $549,000 over 2nd quarter 2012, but declined $3.2 million in comparison to the third quarter 2011, due to a lower average natural gas prices and NGL prices coupled with reduced average total daily production. Other income in the third quarter declined $1.1 million due to lower management fee income.
For the comparative nine month periods oil and gas revenues before royalties declined $4.4 million due to lower natural gas and NGL prices. Other income in the comparative nine month period declined $2.5 million due to a sale of seismic data in 2011 and lower management fee income. Expenses increased $3.6 million between the comparative nine month periods due to higher general and administrative expenses resulting from the Company's expanding European operations.
Capital expenditures were $12.7 million in the quarter and $36.1 million through the first nine months of 2012 as we continue to explore for large shale gas reserves in Poland through our 100% owned Indiana Investments Sp z o. o. subsidiary ("Indiana") and further develop our Tishomingo assets both in operated and non-operated wells primarily operated by XTO Energy.
As recently announced we remain very encouraged with the data we have obtained from analyzing the core samples obtained from the Gapowo B-1 well in Poland. The data validates our geologic model of increasing thickness and organic content over the target interval and are consistent with analyses indicating over pressured permeable shales. We await approval to drill a lateral out of the Gapowo B-1 wellbore.
The Company's ongoing analysis in Germany has determined that a number of the targets that the Company is pursuing have a higher risk profile due to new data gathered. The Company will be deciding whether to continue pursuing a number of these projects in the coming months.
We are excited about the results of our testing of the Company operated horizontal Barnes 6-2H well targeting the Lower Caney and Upper Sycamore formations in Oklahoma. After fracture stimulation we are seeing production in the range of 170 to 250 barrels of equivalent oil per day with 80% of that production being crude oil after flowing back only 32% of the fracture stimulation fluid. Accordingly we expect to see higher production as flow back increases. Testing of the Sycamore and two lower zones of the Caney formation will confirm the production rates of each zone and the data obtained will be used to position future horizontal wells to maximize production rates.
We are exploring several options to secure new sources of working capital. These include up front cash proceeds obtained from a possible farm-out arrangement relating to certain of our European concessions, a potential increase in the borrowing base against our Oklahoma assets as well as potential proceeds from selling additional equity in the Company. We are confident that the combination of cash on hand, cash from operations and these potential new sources of working capital if successfully completed will be sufficient to meet the cash needs of the Company for the foreseeable future.
THIRD QUARTER HIGHLIGHTS:
- Capital Expenditures increased 11% in the quarter to $12.7 million of which $7.1 million was spent in Poland relating to our Indiana concession and $5.0 million was spent in Oklahoma primarily to develop the Caney formation
- The Polish Ministry of Environment provided positive Environmental Decisions allowing the Company to drill slightly deeper at both the Miszewo T-1 and Gapowo B-1 wells
- The Company-operated Barnes 6-2H well in Oklahoma targeting the Lower Caney and Upper Sycamore formations (Mississippi Lime Equivalent) was fracture stimulated in 13 stages over an approximate 4,300 lateral
- Cash used from operating activities before changes in working capital and long-term receivables was a negative $234,000 in the quarter
- Loss of $4.3 million versus a loss of $.3 million in the third quarter of 2011 due to lower oil and gas revenues of $2.6 million and lower other income of $1.1 million
- Cash and working capital totaled $10.3 million and $7.9 million respectively at September 30, 2012
Third Quarter 2012 to Third Quarter 2011
Oil and gas revenues before royalties declined 40% or $3,191,000 in the quarter to $4,855,000. Oil revenues were $2,170,000 in the quarter versus $3,396,000 in the third quarter of 2011 or a decline of 36% as average oil production in the comparative quarters declined 39% due to normal declines from existing wells and not many new wells being drilled in 2012. Average crude oil prices increased 5% between quarters to an average of $90.03 a barrel. Natural gas revenues declined 48% to $902,000 as natural gas prices declined 37% between quarters while natural gas production declined 16%. Natural Gas Liquids (NGLs) revenue declined 39% to $1,783,000 as average NGL prices declined 37% while NGL production between quarters declined 4%.
Other income declined $1,163,000 between quarters due to lower management fees relating to its role as Manager of Saponis Investments Sp z o.o. ("Saponis").
Exploration and evaluation expenses declined $209,000 as more pre-concession costs were incurred in the third quarter of 2011. Production and operating expenses declined 16% commensurate with the 17% decline in average daily production between quarters.
General and administrative expenses increased 21% or $677,000 to $3,940,000 primarily due to higher payroll and associated costs of $431,000 and higher professional fees.
Stock Based Compensation expense declined $295,000 to $210,000 due to fewer stock options being granted. Legal restructuring expenses declined $435,000 to $135,000 as the legal restructuring of the Company's European operations is nearing completion.
Finance Income declined $1,736,000 to $490,000 as 2011 results included a $1,797,000 unrealized gain on financial commodity contracts. Finance Expense declined $1,028,000 between quarters to $1,781,000 primarily due to lower foreign currency losses between quarters of $2,272,000 partially offset by an unrealized loss in the third quarter of 2012 of $1,091,000 on financial commodity contracts.
Cash declined $7,026,000 in the past three months due to $12,746,000 in capital expenditures, a loss net of non-cash charges in the third quarter of $441,000 offset by increased borrowings of $4,200,000 plus changes in working capital. The Company estimates that it incurred $5,700,000 in additions to Exploration and Evaluation Assets as a direct result of the requirement to obtain a positive Environmental Decision from the Polish Ministry of Environment to drill slightly deeper than allowed in the original concession applications.
Exploration and evaluation assets increased $8,247,000 in the quarter primarily relating to drilling and seismic costs pertaining to the Company's Indiana concession.
Trade and other payables increased $3,628,000 primarily resulting from costs incurred in Poland while loans and borrowings increased $4,261,000 due to increased borrowings of $4,200,000 in the quarter and amortization of debt issue costs.
FIRST NINE MONTHS 2012 VERSUS FIRST NINE MONTHS 2011 HIGHLIGHTS:
- Capital expenditures increased 56% or $12.9 million to $36.1 million of which $26.2 million relates to capital expenditures incurred at our Indiana concession, $8.6 million incurred in Oklahoma and $1.3 million in the rest of Europe
- Average production increased 3% to 1,547 barrels a day
- Average product prices declined 25%
- A net loss of $10.4 million was incurred versus a profit of $18,000 in 2011 primarily due to lower oil and gas revenues of $4.4 million, higher general and administrative expenses of $4.8 million and lower finance income of $.9 million
First Nine Months 2012 to First Nine Months 2011:
Oil and natural gas revenues before royalties declined 23% or $4,355,000 to $14,844,000. Oil revenues decreased 12% or $888,000 to $6,703,000 due to a 15% reduction in production as natural declines set in from higher activity levels in 2011 than 2012. Average crude oil prices increased 3% to $93.63 a barrel. Natural gas revenues declined 36% or $1,480,000 to $2,592,000 due to a 41% decline in average natural gas prices to $2.43 an mcf. Through nine months natural gas production has increased 8%. NGL revenues declined 26% or $1,989,000 to $5,547,000 due to average NGL prices declining 31%. NGL production has increased 7% between periods.
Other income declined $2,479,000 to $735,000 due to the sale of seismic data in 2011 and lower management fees.
Exploration and evaluation expenses declined $1,283,000 to $310,000 due to the write-off of the investment in Black Warrior of $1,091,000 in 2011 and higher pre-concession costs last year.
Production and operating expenses increased 6% or $258,000 to $4,549,000 as average production increased 3% and current year operating expenses include $390,000 in workover expenses partially offset by the rebate of production taxes in Oklahoma.
Depletion and depreciation expense increased 21% or $906,000 to $5,205,000 primarily due to increased production applied on a higher depletable base.
General and administrative expenses increased $4,775,000 or 66% to $12,064,000 due to increased payroll and related costs of $2,173,000 and increased professional fees (legal, accounting, trust services, public relations and consulting) primarily related to our European operations of $2,202,000 and higher rent and office costs of $217,000.
Stock based compensation declined $1,110,000 or 62% to $685,000 due to fewer stock options being issued.
Finance income declined $864,000 to $1,260,000 primarily due to lower net gains on financial commodity contracts of $985,000. Finance expense declined $324,000 primarily due to reduced foreign exchange losses between periods of $675,000.
Cash has declined $30,211,000 since yearend 2011 primarily due to capital expenditures of $36,104,000, losses less non-cash charges of $4,107,000 net of $8,200,000 in new borrowing plus changes in working capital.
BNK PETROLEUM INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
|(Unaudited, Expressed in Thousands of United States Dollars)|
|Cash and cash equivalents||$||10,285||$||40,496|
|Trade and other receivables||14,583||11,509|
|Deposits and prepaid expenses||2,697||2,309|
|Fair value of commodity contracts||817||738|
|Fair value of commodity contracts||126||311|
|Property, plant and equipment||154,107||150,313|
|Exploration and evaluation assets||42,860||14,911|
|Trade and other payables||$||20,478||$||15,355|
|Loans and borrowings||31,736||23,353|
|Asset retirement obligations||1,826||1,769|
|Total equity and liabilities||$||226,986||$||222,515|
BNK PETROLEUM INC.
|CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)|
|(Unaudited, expressed in Thousands of United States dollars, except per share amounts)|
|Third Quarter||First Nine Months|
|Oil and natural gas revenue, net of royalties||$||3,946||$||6,537||$||12,061||$||15,599|
|Exploration and evaluation expenditures||49||258||310||1,593|
|Production and operating expenses||1,414||1,678||4,549||4,291|
|Depletion and depreciation||1,757||1,781||5,205||4,299|
|General and administrative expenses||3,940||3,263||12,064||7,289|
|Stock based compensation||210||505||685||1,795|
|Legal restructuring expenses||135||570||1,015||980|
|Net income (loss) and comprehensive income (loss)||$||(4,260)||$||(274)||$||(10,410)||$||18|
|Net income (loss) per share|
|Basic and Diluted||$||(0.03)||$||0.00||$||(0.07)||$||(0.00)|
|BNK Petroleum Inc.|
|Third Quarter 2012|
|($000 except as noted)|
|Oil revenue before royalties||$||2,170||3,396||6,703||7,591|
|Gas revenue before royalties||902||1,720||2,592||4,072|
|NGL revenue before royalties||1,783||2,930||5,547||7,536|
|Oil and Gas revenue||4,855||8,046||14,842||19,199|
|Cash Flow provided (used) by operating activities||(1,799)||1,270||(10,495)||374|
|Proceeds from Loans and Borrowings||4,200||0||8,200||0|
|Cash Proceeds of Stock Options and Warrants||0||192||63||621|
|Average natural gas production (mcf/d)||3,816||4,564||3,894||3,598|
|Average NGL production (Boepd)||649||675||637||597|
|Average Oil production (Bopd)||262||432||261||306|
|Average production (Boepd)||1,547||1,868||1,547||1,503|
|Average natural gas price ($/mcf)||$2.57||$4.10||$2.43||$4.15|
|Average NGL price ($/bbl)||29.85||$47.15||31.80||$46.25|
|Average oil price ($/bbl)||90.03||$85.46||93.63||$90.74|
|Average price per barrel||$34.11||$46.81||$35.01||$46.79|
|Royalties per barrel||6.40||8.78||6.57||8.77|
|Operating expenses per barrel||9.94||9.76||10.73||10.46|
|Netback per barrel||$17.77||$28.27||$17.71||$27.56|
The information outlined above is extracted from and should be read in conjunction with the Company's unaudited financial statements for the three months ended September 30, 2011 and the related management's discussion and analysis thereof, copies of which are available under the Company's profile at www.sedar.com.
Netback per barrel and its components are calculated by dividing revenue, royalties and operating expenses by the Company's sales volume during the period. Netback per barrel is a non-IFRS measure but it is commonly used by oil and gas companies to illustrate the unit contribution of each barrel produced. This is a useful measure for investors to compare the performance of one entity with another. The non-IFRS measures referred to above do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures used by other companies.
The Company also uses the "barrels" (bbls) or "barrels of oil equivalent" (boe) reference in this report to reflect natural gas liquids and oil production and sales. All boe conversions are derived by converting gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil, representing the approximate energy equivalency.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws, including information regarding the proposed timing and expected results of exploratory work including the potential for oil production from the Lower Caney and upper Sycamore formations on the Company's Oklahoma acreage and possible impact of that on the Company's netbacks and resources base, anticipated timing of commencement of drilling, well-deepening, fracture-stimulations, and concession applications. Forward-looking information is based on plans and estimates of management at the date the information is provided and certain factors and assumptions of management, including that the Company's geologic models will be validated, that previous exploration results are indicative of future results and success, that discoveries will prove to be economic, that all required permits and approvals, funding from co-venturers and the necessary labor and equipment will be obtained, provided or available, as applicable, when required. Forward looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates, timing and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that permits, approvals, equipment and/or funding are delayed or available only on terms that are not acceptable to the Company, political and currency risks and other risks associated with exploration and development of oil and gas projects, including those set forth in the Company's management's discussion and analysis and annual information form filed under the Company's profile on www.sedar.com.
About BNK Petroleum Inc.
BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through various affiliates and subsidiaries, the Company owns and operates shale gas properties and concessions in the United States, Poland, Germany and Spain. Additionally the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects outside of North America. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol BKX.
SOURCE BNK Petroleum Inc.
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Jul. 26, 2016 04:30 PM EDT Reads: 1,063
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jul. 26, 2016 04:30 PM EDT Reads: 986
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Jul. 26, 2016 04:10 PM EDT Reads: 192
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 26, 2016 04:00 PM EDT Reads: 1,013
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 26, 2016 03:45 PM EDT Reads: 1,714
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 26, 2016 03:15 PM EDT Reads: 305
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 26, 2016 03:15 PM EDT Reads: 906
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
Jul. 26, 2016 02:30 PM EDT Reads: 488
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 26, 2016 01:45 PM EDT Reads: 1,992
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 26, 2016 10:15 AM EDT Reads: 1,186
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Jul. 26, 2016 09:15 AM EDT Reads: 1,016
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 26, 2016 08:45 AM EDT Reads: 1,321
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Jul. 26, 2016 08:45 AM EDT Reads: 1,549
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 26, 2016 08:45 AM EDT Reads: 623
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Jul. 26, 2016 06:15 AM EDT Reads: 1,434
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jul. 26, 2016 05:15 AM EDT Reads: 2,123
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Jul. 26, 2016 05:00 AM EDT Reads: 1,540
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Jul. 26, 2016 03:45 AM EDT Reads: 1,858
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 26, 2016 02:00 AM EDT Reads: 1,382
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 26, 2016 01:45 AM EDT Reads: 1,338