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Midnight Oil Exploration Ltd.

10:17 AM EST - Midnight Oil Exploration Ltd. : reported that its fourth quarter net loss narrowed to $19 thousand or breakeven per share, from $565 thousand or $0.01 per share in the same quarter last year. Funds from operations for the quarter were $4.9 million or $0.10 per share, compared to funds from operations of $4.79 million or $0.11 per share in the same quarter prior year. Midnight Oil Exploration Ltd. shares T.MOX are trading unchanged at $1.30.