Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported royalty income of $156,841 compared to $10,798 a year ago. Net loss before tax was $87,744 compared to $198,617 a year ago. Net loss was $87,855 compared to $199,845 a year ago. Net exploration and evaluation expenditure was $61,477. Operating cash flow before working capital was $117,333 compared to operating cash outflow before working capital of $603 a year ago.

For the nine months, the company reported royalty income of $156,841 compared to $10,798 a year ago. Net loss before tax was $87,744 compared to $198,617 a year ago. Net loss was $179,226 compared to $414,747 a year ago. Net exploration and evaluation expenditure was $87,636. Operating cash flow before working capital was $224,244 compared to $3,254 a year ago.