11:57 AM EST - Pearl Exploration and Production Ltd. : reported first-quarter loss and comprehensive loss of $20.52 million or $0.10 per share, compared to loss and comprehensive loss of $3.8 million or $0.02 per share last year. Revenue declined to $12.95 million from $44 million in the comparable period a year ago. Overall, production, on a barrel of oil equivalent (boe) basis, decreased 48 per cent to 5,510 boe/d in the first quarter 2009 from 10,503 boe/d in the same period 2008. Pearl Exploration and Production Ltd.
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