Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported royalty income of USD 3,075 compared to USD 52,574 a year ago. Net loss before tax was USD 161,572 compared to USD 69,008 a year ago. Net loss was USD 161,572 compared to USD 71,496 a year ago. Cash outflows from operating activities were USD 58,916 compared to USD 49,357 a year ago. Net exploration and evaluation expenditure was USD 2,891. The higher loss in 2016 is attributable to reduced revenues and higher general administrative and finance expenses than the comparative period.