Southern Pacific Resource Corp. Reports Earnings and Production Results for the Second Quarter Ended December 31, 2013
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.