Point Loma Resources Ltd. announced earnings and production results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported Petroleum and natural gas revenue of $1,165,000 compared with $1,114,000 a year ago. Net loss was $11,761,000 against $4,365,000 reported last year. Basic net loss per share were $0.17 compared with $0.10 a year ago.

For the year, the company reported Petroleum and natural gas revenue of $5,721,000 compared with $4,821,000 a year ago. Net loss was $13,908,000 against $7,508,000 reported last year. Basic net loss per share were $0.23 compared with $0.20 a year ago.

For the quarter, the company reported total daily average production of 745 boe per day compared with 608 boe per day a year ago.

For the year, the company reported total daily average production of 774 boe per day compared with 591 boe per day a year ago.