Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported royalty income of $5,739 compared to $156,841 a year ago. Net loss before tax was $129,544 compared to $87,744 a year ago. Net loss was $129,544 compared to $87,855 a year ago. Cash outflows from operating activities were $77,405 compared to cash inflows from operating activities of $15,664 a year ago. Net exploration and evaluation expenditure was $114,490 against $27,124 a year ago.

For the nine months, the company reported royalty income of $60,287 compared to $ 303,891 a year ago. Net loss before tax was $315,357 compared to $167,384 a year ago. Net loss was $317,845 compared to $179,226 a year ago. Cash outflows from operating activities were $126,975 compared to cash inflows from operating activities of $41,543 a year ago. Net exploration and evaluation expenditure was $121,162 against $26,159 a year ago.