11:45 AM EST - Monterey Exploration Ltd. : reported funds from operations of $2.2 million or $0.05 per share for the fourth quarter, compared to $3.7 million or $0.11 per share in the prior year quarter. Net loss was $2.3 million or $0.06 per share, compared to a loss of $2.1 million or $0.06 per share in the year-ago quarter. Production revenue for the fourth quarter declined to $6.4 million from $9.0 million in the previous-year quarter. Production decreased to 1,907 boe per day from 2,130 boe per day in the fourth quarter of last year. Monterey Exploration Ltd.
shares T.MXL are trading up $0.20 at $3.90.
