Vanguard Energy FY Loss Widens - Quick Facts

(RTTNews) - Vanguard Energy (VNGE.OB), an oil development and production company, reported that net loss for its fiscal year ended September 30, 2013 widened to $3.40 million from last year's $1.03 million due to significant non-cash deductions associated with DD&A and an Impairment charge of $3.63 million.

Revenue from oil and gas sales for the year increased to $4.64 million from $3.37 million last year.

The company produced and sold 45,758 net barrels of oil during the year ending September 30, 2013 as compared with 35,597 net barrels sold in fiscal year 2012.