InterOil Q3 Loss Widens - Quick Facts

(RTTNews) - Singapore-based oil and gas company InterOil Corp. (IOC) Friday reported third-quarter net loss of $16.93 million, wider than $6.32 million in the previous year.

Loss per share was $0.34, compared to a loss of $0.13 per share last year. Loss from continuing operations totaled $0.29, while the firm posted a loss of $0.07 per share a year earlier.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.51 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the quarter climbed to $10.75 million from $617 thousand in the prior year.

In the three months to September 30, 2014, the company's total expenditure was $130.3 million.

The firm expects its capital expenditure on drilling to reduce significantly in 2015 as it moves from exploration to appraisal drilling.