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TXCO Resources records $36.4 million September net loss; sales down
By Caroline Salls
Pittsburgh, Nov. 3 - TXCO Resources, Inc. posted a $36.4 million net loss for September on $4.01 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Western District of Texas.
The figures showed a worsening from the $4.58 million net loss reported in August on $4.44 million in revenues.
TXCO had $5.67 million in cash at Sept. 30, down from $6.37 million at the end of August.
TXCO, a San Antonio-based energy company, filed for bankruptcy on May 18. Its Chapter 11 case number is 09-51807.
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