Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $81,314 against $8,910 a year ago. Net loss before tax was $30,962 against $28,676 a year ago. Net loss was $34,019 or $0.00 per basic and diluted share against $29,512 or $0.00 per basic and diluted share a year ago. Cash flow from operating activities $15,664 against negative cash flow from operating activities of $7,401 a year ago. Net exploration and evaluation expenditure was $27,124.

For the six months, total revenues were $147,050 against $27,212 a year ago. Net loss before tax was $79,639 against $213,211 a year ago. Net loss was $91,370 or $0.01 per basic and diluted share against $214,902 or $0.01 per basic and diluted share a year ago. Cash flow from operating activities $41,543 against $19,322 a year ago. Net exploration and evaluation expenditure was $27,124.