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Drake Energy Ltd.

03:50 PM EST - Drake Energy Ltd. : reported a net loss for the second quarter of $804,000, in comparison with net income of $325,000 in the same quarter a year ago. Excluding one-time charges, the company posted a net loss of $454,000 for the second quarter. Quarterly revenue declined to $520,000 from $1.26 million in the previous-year quarter. Drake Energy Ltd. shares V.DPE are trading even at $0.09.