Rincon Island net loss grows to $188,609 in October; revenue improves

By Caroline Salls

Pittsburgh, Dec. 4 – Rincon Island LP reported a $188,609 net loss for October on $18,229 in net revenue, according to its monthly operating report filed Dec. 4 with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, Rincon Island posted a $34,390 September net loss on $13,249 in net revenue.

The company had $116,880 in cash as of Oct. 31, down from $203,062 at the end of September.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.