Jul
31

First Calgary reports Q2 loss of $14.6M compared with $1.6M year ago (First-Calgary)

Filed Under Main Content 

CALGARY _ First Calgary Petroleums Ltd. (TSX:FCP) said Thursday it lost $14.6 million, up from $1.6 million a year ago, as the company ramped up work on its natural gas project in Algeria.The development stage company said the loss amounted to six cents per share for the three months ended June 30 compared with a loss of a penny per share a year ago.Revenue in the quarter was $1.6 million, up from $1.5 million.First Calgary saw a shareholder revolt earlier this year that resulted in the resignat
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