Strategic Oil & Gas Ltd. (SOG.V: Quote) posted fourth-quarter net loss of C$16.2 million or C$0.11 per share, compared to a net income of C$3.1 million or C$0.03 per share in the previous year quarter.
Funds from operations or FFO for the quarter was C$824 thousand, compared to C$1.2 million in the year-ago period. FFO per share for the latest fourth quarter was C$0.01, compared to a negative FFO per share of C$0.01 last year.
Petroleum and natural gas sales for the quarter rose to C$8.6 million from C$1.6 million in the comparable quarter last year.
by RTT Staff Writer
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