Crocotta Energy Inc. (CTA.TO) reported that its third-quarter net loss was C$3.9 million or C$0.06 per share, compared to net earnings of C$1.2 million or C$0.04 per share in the year ago quarter. Funds from operations for the quarter were C$1.8 million or C$0.03 per share, down from C$7.7 million or C$0.23 per share in the same quarter last year.
Oil and natural gas sales for the quarter declined to C$8.65 million, from C$13.55 million in the year ago quarter. Revenues for the quarter were C$6.56 million, down from C$10.78 million in the prior year quarter.
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