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Celtic Exploration Ltd.

09:54 AM EST - Celtic Exploration Ltd. : reported fourth-quarter net earnings of $29.59 million or $0.72 per share, compared to $3.5 million or $0.09 per share last year. Funds from operations rose to $32.05 million or $0.78 per share from $23.25 million or $0.61 per share in the prior year. Revenues, before royalties and financial instruments grew to $51.84 million from $45.73 million in the comparable period a year ago. Celtic Exploration Ltd. shares T.CLT are trading up $0.12 at $12.46.