Ironhorse Oil & Gas Inc. (IOG.V: Quote) reported first-quarter funds from operations or FFO of C$233 thousand or C$0.01 per share, compared to C$542 thousand or C$0.02 per share in the previous year quarter.
Net income for the quarter was C$1.40 million, compared to a net loss of C$74 thousand in the year-ago period. On a per share basis, earnings were C$0.05, compared to C$0.00 per share last year.
Petroleum and natural gas revenues for the quarter were C$862 thousand, down from C$2.79 million in the comparable quarter last year.
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by RTT Staff Writer
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