12:15 PM EST - Action Energy Inc. : reported first quarter financial results, reporting funds from operations or FFO of $0.45 million or $0.02 per share, compared to funds from operations loss of $0.3 million or $0.02 per share in the same quarter last year. Net loss for the quarter was $1.4 million or $0.05 per share, compared to a net loss of $1.52 million or $0.10 per share in the same quarter prior year. Petroleum and natural gas sales for the quarter were $4.14 million, up from $0.4 million in the same quarter previous year. Action Energy Inc.
shares V.AEC are trading unchanged at $3.55.
