11:40 AM EST - Celtic Exploration Ltd. : announced that its fourth-quarter net earnings were $900,000 or $0.02 per share, down from $29.6 million or $0.72 per share in the year-ago quarter. Funds from operations were $42.0 million or $0.93 per share, up from $32.0 million or $0.78 per share in the year ago quarter. Revenue, before royalties and financial instruments, was $60.1 million, up 16% from $51.8 million in the fourth quarter of 2008. Celtic Exploration Ltd.
shares T.CLT are trading up $0.76 at $21.97.
