Exploration & Production | Top Story | Quarterly / Earnings Reports
FX Sees Record Revenues from Polish Shale Ops
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FX Energy Inc. reported financial results for its fourth quarter and full year of 2012.
The Company reported net income for the full year 2012 of $4.1 million, or $0.08 per share, compared to a net loss in 2011 of $28.5 million, or $0.57 per share. Included in the Company's yearly results were non-cash foreign exchange gains of $16.3 million for 2012 and non-cash foreign exchange losses of $23.4 million for 2011. The Company's operating loss increased to $10.0 million in 2012 from $3.1 million in 2011. Most of the increased loss is due to the Company's increased seismic and dry hole costs in 2012.
For the fourth quarter of 2012, the Company reported a net loss of $0.4 million, or $0.01 per share, compared to a net loss of $10.1 million, or $0.23 per share, during the same quarter of 2011…
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