09:55 AM EST - North Peace Energy Corp. : announced fourth-quarter net loss and comprehensive loss of $30,000 or $0.001 per share, compared to a loss of $448,000 or $0.012 per share in the same period last year. Interest income for the quarter rose to $151,000 from $117,000 in the year-ago quarter. During the first half of 2009, the company will focus on pilot operations. The company said that it will utilize the data from the pilot in evaluating the feasibility of commercial operations. The company is also investigating the possibility of adding additional wells to the existing pilot. Subsequent to initial pilot production from the pilot project the company will reassess the capital budget for the remainder of 2009. North Peace Energy Corp.
shares V.NPE are trading up $0.09 at $0.56.
