Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $1,974 against $81,314 a year ago. Net loss before tax was $116,805 against $30,963 a year ago. Net loss was $116,805 or $0.00 per basic and diluted share against $34,020 or $0.00 per basic and diluted share a year ago. Cash flow from operating activities was $213 against negative cash flow from operating activities of $15,664 a year ago. Net exploration and evaluation expenditure was $6,672 against $27,124 a year ago.

For the six months, revenues were $54,548 against $147,050 a year ago. Net loss before tax was $185,813 against $79,640 a year ago. Net loss was $188,301 or $0.00 per basic and diluted share against $91,371 or $0.00 per basic and diluted share a year ago. Cash used in operating activities $49,570 against cash flows from operating activities of $41,543 a year ago. Net exploration and evaluation expenditure was $6,672 against $26,159 a year ago.