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TXCO reports $2.27 million August operating income; sales $4.44 million
By Alice Popovici
New York, Oct.1 - TXCO Resources, Inc. posted operating income of $2.27 million for August on $4.44 million in sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Western District of Texas.
The figure compares to $3.22 million of operating income posted in July on $4.12 million in sales.
The company's net loss for August was $4.58 million, down from $5.28 million in July.
TXCO had $6.37 million in cash at Aug. 31, down from $7.31 million at the end of July.
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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