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Trafina Energy Ltd.

11:38 AM EST - Trafina Energy Ltd. : reported a narrower second-quarter net loss of $341,010 or $0.03 per share compared with $417,464 or $0.07 per share a year ago. Funds flow from operations for the quarter slid 25% to $60,826 from $80,645 in the prior year. However, on a per share basis, funds flow from operations remained flat at $0.01. Total gross oil and gas revenue declined 39% to $910,000 from $1.50 million in the comparable period. Revenue from petroleum and natural gas production decreased compared with 2008, as a result of lower commodity prices, the company noted. Trafina Energy Ltd. shares V.TFA.A are trading even at $0.21.