Pacific Energy Resources posts $201,024 October net loss, no sales

By Caroline Salls

Pittsburgh, Dec. 1 - Pacific Energy Resources, Ltd. reported a $201,024 net loss for October on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Pacific Energy posted a $70,987 net profit for September, also on zero revenues.

The company had $3.99 million in cash and cash equivalents at Oct. 31, down from $4.36 million at the end of September.

Pacific Energy, an oil and gas exploration and production company based in Long Beach, Calif., filed for bankruptcy on March 9, 2009. Its Chapter 11 case number is 09-10785.

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