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Masters Energy Inc.

10:16 AM EST - Masters Energy Inc. : reported fiscal 2007 net earnings of $1.5 million or $0.10 per share, compared to $1.86 million or $0.12 per share in the same period of previous year. Funds generated by operations for fiscal 2007 was $12.53 million or $0.80 per diluted share, compared to $11.54 million or $0.72 per diluted share in the previous year period. Masters Energy Inc. shares T.MSY are trading unchanged at $2.88.