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Edge Petroleum records $1.7 million net loss for November; sales down
By Caroline Salls
Pittsburgh, Dec. 16 - Edge Petroleum Corp. reported a $1.7 million net loss for November on $4.27 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.
The figures showed a decline from the $1.53 million net loss posted in October on $4.82 million in revenues.
Edge had $20.6 million in cash at Nov. 30, up from $18.14 million at the end of October.
Edge, a Houston-based oil and natural gas company, filed for bankruptcy on Oct. 1 in the U.S. Bankruptcy Court for the Southern District of Texas. Its Chapter 11 case number is 09-20644.
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