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ProspEx Resources Ltd.

12:06 PM EST - ProspEx Resources Ltd. : posted for the quarter a loss of about $180 thousand or breakeven per share compared to net income of $2.14 million or $0.04 per share a year ago. The decrease in net income was due to a combination of lower realized natural gas prices, higher depletion costs and the recognition of an unrealized financial instrument loss, partially offset by higher volumes. Cash flow for the quarter increased to $9.36 million or $0.17 per share from $7.64 million or $0.14 per share in the prior year quarter. ProspEx Resources Ltd. shares T.PSX are trading off 17 cents at $3.48.