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TXCO posts $22.89 million June net loss on $4.32 million in revenues
By Caroline Salls
Pittsburgh, Aug. 4 - TXCO Resources, Inc. reported a $22.89 million net loss for June on $4.32 million in revenues, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
In comparison, the company posted a $2.67 million net loss for the period of May 18 to May 31 on $2.03 million in revenues.
The company had $6.57 million in cash at June 30, up from $3.53 million at May 31.
TXCO, a San Antonio-based energy company, filed for bankruptcy on May 18 in the U.S. Bankruptcy Court for the Western District of Texas. Its Chapter 11 case number is 09-51807.
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