The Houston-based company reported a net loss of $126.2 million for the year ended 31 December 2012, up from almost $131 million loss in 2011.
However, its fourth quarter net loss of $6.45 million was a significant step up from the $33.7 million loss recorded for the third quarter, and a further improvement on the $44.6 million loss posted for the 2011 fourth quarter.
“Although
