Canadian Overseas Petroleum Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative revenue was USD 0.705 million compared to revenue of USD 14.11 million a year ago. Net loss was USD 12.23 million compared to USD 0.466 million a year ago. Basic loss per share from continuing operations was USD 0.02. Diluted loss per share from continuing operations was USD 0.02.
For the nine months, revenue was USD 11.87 million compared to USD 11.15 million a year ago. Net loss was USD 6.37 million compared to USD 17.24 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.08 a year ago.