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Stylus Energy Inc.

12:06 PM EST - Stylus Energy Inc. : reported that first quarter net loss after tax widened to $1.76 million or $0.06 per share, from $0.29 million or $0.01 per share in the prior year quarter. Funds from operations or FFO for the quarter were $3.1 million or $0.11 per share, compared to $2.4 million or $0.10 per share in the previous year quarter. Revenues for the quarter were $8.6 million, up from $5.3 million in the year ago quarter. Stylus Energy Inc. shares T.STY are trading up 2 cents at $1.94.