Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2016. For the quarter, the company’s royalty income was $4,693 compared to $1,974 a year ago. Net loss before tax was $112,575 compared to $116,805 a year ago. Net loss was $112,976 compared to $116,805 a year ago. Cash used in operations was $11,120 compared to $213 a year ago. For the six months, the company’s royalty income was $7,768 compared to $54,548 a year ago. Net loss before tax was $274,147. Net loss was $274,548. Cash used in operations was $70,037 compared to $49,570 a year ago. The decrease in revenue over the comparative period is consistent with the decline in commodity prices over the same period. The higher loss in 2016 is attributable to reduced revenues and higher general administrative and finance expenses than the comparative period.