Show Altex notes d. d nine month earning gains t Gains Coins in nine month r revenues venues and earnings and the investiture divestiture of or a n subsidiary were announced by Altex Oil Corporation Cor Cot Denver and Vernal Vernal- ba based ed independent oil concern In a recent progress report to the company's shareholders Net earnings after arter provision for or taxes for or the nine months ended June 30 1975 totaled nearly triple the reported by Altex for the first nine months of fiscal 1974 Altex president Cecil Wall said S up 19 percent from during th the comparable fiscal 1974 1114 period according to Wall who noted that oil production during the first nine months of fiscal 1975 generated 64 percent of Consolidated revenues up from only 27 21 percent during the same period in 1974 Altex's 64 percent ownership position In Sentry Engineering Company Denver tJ o oil l I and gas gaswell gaswell well Veil mud logging and geological consulting concern was sold during the fourth quarter Wall announced Sentry because of or declining revenues has created a n loss to Altex of approximately in fiscal 1975 prompting us to negotiate its sale Wall said While declining to be specific about details of the transaction Wall Nall said he expects ex ex- poets a year-end year write write- off as CIS a result of ot the sale which he lie predicted will be more than offset by strong fourth quarter profi profits ts |