Rincon Island net loss shrinks to $34,390 in September; revenue up

By Caroline Salls

Pittsburgh, Nov. 3 – Rincon Island LP reported a $34,390 September net loss on $13,249 in net revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Northern District of Texas.

Those figures showed improvement over the $118,565 net loss posted for August on $12,481 in net revenue.

The company had $203,062 in cash as of Sept. 30, up from $66,774 at the end of August.

Rincon Island, a Santa Maria, Calif.-based oil and gas production company, filed bankruptcy on Aug. 8, 2016. The Chapter 11 case number is 16-33174.

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