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Second Wave Petroleum Inc.

03:48 PM EST - Second Wave Petroleum Inc. : announced the filing of its audited annual financial statements for 2010. Revenues from operations increased by 63% in 2010 to $25.5 million from $15.6 million in 2009. Net loss, however, increased 4% to $6.9 million from 2009’s total of $6.6 million. Second Wave Petroleum Inc. shares T.SCS are trading down $0.23 at $2.13.