Southern Pacific Resource Corp. Announces Financial and Operational Results for the Quarter Ended September 30, 2014
Petroleum revenue, net of royalties was $27,114,000. Cash from operating activities before net changes in non-cash working capital was $1,031,000. Funds from operations was negative $12,175,000 or $0.03 per basic and diluted share. Net loss was $28,959,000 or $0.07 per basic and diluted share. Operating netback was $3,595,000. Operating netback was $12.02 per boe.