TXCO Resources net loss improves to $3.62 million in December

By Caroline Salls

Pittsburgh, Feb. 4 - TXCO Resources, Inc. posted a $3.62 million net loss for December on $5.19 million in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Western District of Texas.

The figures showed improvement over the $4.32 million net loss posted for November on $4.73 million in revenues.

TXCO had $5.7 million in cash at Dec. 31, down from $11.46 million at the end of November.

TXCO, a San Antonio-based energy company, filed for bankruptcy on May 18, 2009. Its Chapter 11 case number is 09-51807.

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