Ophir Energy Plc (OPHR.L) Wednesday released the financial results for the year ended 31 December 2011, stating that loss for the year narrowed slightly from previous year, partially aided by the gain on farm out.
The company reported a loss from continuing operations of $19.07 million, or loss of $0.05 per share, slightly narrower than a net loss of $19.28 million. or $0.06 loss per share, reported for the previous year.
The company reported total revenue from continuing operations of $14.68 million, sharply higher than $533,000 reported for the previous year.
The revenue for the year included a gain on farm out of $13.84 million realized during the year.
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