03:47 PM EST - Emerge Oil & Gas Inc. : announced its second-quarter financial results. The company generated revenue of $38.2 million (excluding realized risk management contracts), up 15% from $33.2 million in Q1 2011. Emerge also reported net earnings of $15.6 million ($0.17 per diluted share), which included a non-cash unrealized gain on risk management contracts of $13.4 million. Emerge Oil & Gas Inc.
shares T.EME are trading down $0.07 at $1.49.
