UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the
Securities
Exchange Act of 1934
For
the
month of February
2006
Commission
File Number 0-29586
EnerNorth
Industries Inc.
(Address
of Principal executive offices)
2
Adelaide Street West, Suite 301, Toronto, Ontario, M5H 1L6,
Canada
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
Form
20-F
X
Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Yes
No
X
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes
No
X
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b):
82-
_________
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
EnerNorth
Industries Inc.
(formerly:
Energy Power Systems Limited)
Date:
February 15, 2006 By:____”Sandra
J. Hall”____ ______
Sandra
J.
Hall,
President,
Secretary & Director
EnerNorth
Industries Inc.
EnerNorth
Reports on Second Quarter Results
Toronto,
Canada - February 14, 2006 -
EnerNorth Industries Inc.
(AMEX:
ENY, Frankfurt Stock Exchange: EPW1) (www.enernorth.com) (“EnerNorth” or the
“Company”) announces that it has filed its unaudited consolidated financial
statements and management’s discussion and analysis for the second quarter ended
December 31, 2005, expressed in Canadian dollars. Below is a summary of
financial and operational highlights for the second quarter ending December
31,
2005. For full details of EnerNorth’s unaudited interim financial results and
management’s discussion and analysis please visit www.sedar.com
or
www.sec.gov.
|
Six
Months Ending December 31
|
Three
Month Ending December 31
|
|||||
|
|
2005
|
2004
|
%
Change
|
2005
|
2004
|
%
Change
|
|
FINANCIAL
INFORMATION:
|
|
|
|
|
|
|
|
Oil
and gas revenue
|
705,112
|
482,109
|
46%
|
379,865
|
261,352
|
45%
|
|
Less:
royalties
|
91,916
|
91,944
|
0%
|
53,751
|
34,597
|
55%
|
|
Net
revenue
|
613,196
|
390,165
|
57%
|
326,114
|
226,755
|
44%
|
|
Net
loss from operations before discontinued operations
|
(163,583)
|
(684,644)
|
-76%
|
(158,974)
|
(470,909)
|
-66%
|
|
Income
and gain on disposition of discontinued operations
|
-
|
224,988
|
-100%
|
-
|
(77,945)
|
-100%
|
|
Net
loss
|
(163,583)
|
(459,656)
|
-64%
|
(158,974)
|
(548,854)
|
-71%
|
|
Net
loss from continuing operations per share
|
(0.04)
|
(0.17)
|
-76%
|
(0.04)
|
(0.12)
|
-66%
|
|
Net
loss per share
|
(0.04)
|
(0.11)
|
-64%
|
(0.04)
|
(0.14)
|
-71%
|
|
Total
assets
|
15,538,336
|
13,184,292
|
18%
|
15,538,336
|
13,184,292
|
18%
|
|
Total
financial liabilities
|
8,621,945
|
12,891,356
|
-33%
|
8,621,945
|
12,891,356
|
-33%
|
|
OPERATIONS:
|
|
|
|
|
|
|
|
Average
Daily Production
|
|
|
|
|
|
|
|
Natural
gas (mcf per day)
|
211
|
320
|
-34%
|
212
|
342
|
-38%
|
|
Natural
gas liquids (bbls per day)
|
15
|
8
|
88%
|
16
|
8
|
100%
|
|
Crude
oil (bbls per day)
|
11
|
9
|
22%
|
11
|
16
|
-31%
|
|
Total
(boe per day)
|
62
|
70
|
-11%
|
62
|
81
|
-23%
|
|
Average
Commodity Prices
|
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
11.23
|
$
5.97
|
88%
|
$
12.95
|
$
5.98
|
117%
|
|
Natural
gas liquids ($/bbl)
|
$
46.14
|
$
41.26
|
12%
|
$
45.52
|
$
32.14
|
42%
|
|
Crude
oil ($/bbl)
|
$
67.28
|
$
44.42
|
51%
|
$
67.28
|
$
42.19
|
59%
|
|
Total
($/boe)
|
$
62.03
|
$
37.54
|
65%
|
$
66.32
|
$
36.77
|
80%
|
|
Royalties
|
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
1.20
|
$
1.11
|
8%
|
$
1.42
|
$
1.48
|
-4%
|
|
Natural
gas liquids ($/bbl)
|
$
10.83
|
$
12.00
|
-10%
|
$
11.39
|
$
11.23
|
1%
|
|
Crude
oil ($/bbl)
|
$
7.01
|
$
5.44
|
29%
|
$
8.61
|
$
6.07
|
42%
|
|
Total
royalties ($/boe)
|
$
8.09
|
$
7.16
|
13%
|
$
9.38
|
$
8.58
|
9%
|
|
Production
costs
|
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
3.28
|
$
4.08
|
-20%
|
$
3.15
|
$
4.27
|
-26%
|
|
Natural
gas liquids ($/bbl)
|
$
6.61
|
$
7.92
|
-17%
|
$
7.34
|
$
5.71
|
29%
|
|
Crude
oil ($/bbl)
|
$
25.14
|
$
8.89
|
183%
|
$
26.49
|
$
34.03
|
-22%
|
|
Total
production costs ($/boe)
|
$
17.39
|
$
20.75
|
-16%
|
$
16.98
|
$
24.93
|
-32%
|
|
Netback
by Product
|
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
6.75
|
$
0.78
|
765%
|
$
8.38
|
$
0.23
|
3543%
|
|
Natural
gas liquids ($/bbl)
|
$
28.70
|
$
21.34
|
34%
|
$
26.79
|
$
15.20
|
76%
|
|
Crude
oil ($/bbl)
|
$
35.13
|
$
30.09
|
17%
|
$
32.18
|
$
2.09
|
1440%
|
|
Netback
($/boe)
|
$
36.55
|
$
9.63
|
280%
|
$
39.96
|
$
3.26
|
1126%
|
A
Boe
conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. Disclosure provided herein in respect of Boes
may
be misleading, particularly if used in isolation.
About
EnerNorth Industries Inc.
EnerNorth
is a junior oil and gas company carrying out operations through production,
development and exploration of oil and gas in the Western Sedimentary Basin,
Canada.
There
are
approximately 4.074 million shares issued and outstanding in the capital
of the
Company.
For
further information contact:
Scott
T.
Hargreaves, CA, CFA
Chief
Financial Officer
Telephone:
(416) 861-1484
www.enernorth.com
Certain
statements contained herein constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform
Act”), which reflect the Company’s current expectations regarding the future
results of operations, performance and achievements of the Company. The Company
has tried, wherever possible, to identify these forward-looking statements
by,
among other things, using words such as “anticipate,” “believe,” “estimate,”
“expect” and similar expressions. These statements reflect the current beliefs
of management of the Company, and are based on current available information.
Accordingly, these statements are subject to known and unknown risks,
uncertainties and other factors which could cause the actual results,
performance or achievements of the Company to differ materially from those
expressed in, or implied by, these statements. (See the Company’s Annual
Information Form and Annual Form 20 F for Risk Factors.) The Company is not
obligated to update or revise these “forward-looking” statements to reflect new
events or circumstances.
Suite
1502, 1 King Street West, Toronto, Ontario, M5H 1A1 Telephone: 416 861-1484,
Facsimile: 416 861-9623 www.enernorth.com