Oil and gas revenues up from $3,080,000 to $9,884,000. Net loss dropped from 8 cents to one cent, the one cent loss being $2,024,000 in all. I have to leave the insight to those more skilled at reading these things.
The exchange of the European convertibles resulted in a non-cash charge of $2,068,000, so it appears the broke even before the charge.
The following link was provided in the E Mail alert: