03:38 PM EST - Celtic Exploration Ltd. : reported a profit for the second quarter, compared to a loss last year, reflecting the increase in production. Further, the company lifted its outlook on earnings and funds from operations for 2010. For the quarter, the company reported a net earnings of $4.83 million or $0.05 per share compared to a loss of $5.46 million or $0.07 per share in the previous year. Revenue, before royalties, and before realized and unrealized gains or losses on financial instruments, for the three months rose to $57.20 million from $30.67 million a year earlier. Celtic Exploration Ltd.
shares T.CLT are trading up $0.03 at $12.28.
