Southern Pacific Resource Corp. reported earnings and production results for the second quarter ended December 31, 2013. For the quarter, the company reported petroleum revenue, net of royalties of $29,107,000 compared with $12,124,000 for the same period last year. Production of heavy oil was 2,240 bbl/day compared to 2,542 bbl/day a year ago. Production of bitumen was 1,908 bbl/day. Production of heavy oil and bitumen was 4,418 bbl/day compared to 2,542 bbl/day a year ago.

For the quarter, net loss was $16,871,000 or $0.04 basic and diluted per share compared with $5,600,000 or $0.01 basic and diluted per share for the same period last year. Cash used in operating activities before net changes in non-cash working capital was $3,287,000 or $0.01 per basic and diluted share compared with cash from operating activities before net changes in non-cash working capital $4,184,000 or $0.01 per basic and diluted share for the same period last year. Funds used in operations were $12,453,000 or $0.03 basic and diluted per share against funds from operations of $4,035,000 or $0.01 basic and diluted per share a year ago. Capital expenditures were $8,594,000 compared to $31,390,000 a year ago.