11:39 AM EST - Addax Petroleum Corp. : announced financial results for the second quarter, posting net income of $38 million U.S. or $0.24 U.S. per share, compared to $293 million U.S. or $1.83 U.S. per share in the prior-year period. Funds flow from operations for the period was $306 million U.S. or $1.90 U.S. per share, compared to $521 million U.S. or $3.22 U.S. per share in last year period. Petroleum sales before royalties for the quarter was $730 million U.S., compared to $1.5 billion U.S. in the year-ago period. Addax Petroleum Corp.
shares T.AXC are trading down $0.01 at $51.25.
