Triangle USA Petroleum sees $396,000 of operating income for September

By Caroline Salls

Pittsburgh, Oct. 31 – Triangle USA Petroleum Corp. reported $396,000 for income from operations for September on $9.23 million in sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

For August, the company saw $855,000 of income from operations on $9.67 million in sales.

The net loss for September was $5.05 million, widening from a $2.1 million net loss for August.

The company had $102.27 million in cash as of Sept. 30, down from $102.81 million at the end of August.

Triangle USA is a Denver-based oil and gas exploration and production company that filed bankruptcy on June 30. The Chapter 11 case number is 16-11566.

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