03:50 PM EST - CIC Energy Corp. : CIC Energy Corp. reported first-quarter net income of $157,000 or $0.01 per share, compared to a loss of $1.48 million or $0.03 per share in the same period last year. The reported net income for the first quarter of 2009 is primarily attributable to the substantially higher gain in foreign exchange for current period as a result of the strengthening of the Canadian dollar to Botswana Pula and South African Rand, the functional currencies of the operating companies. Capital expenditure on exploration properties amounts to $136.58 million. CIC Energy Corp.
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