Canadian junior Connacher Oil & Gas has narrowed its losses in the third quarter despite lower revenues and decreased production.
Connacher reported on Thursday a net loss of C$34.3 million (US$25 million) compared to a net loss of C$289.2 million in the third quarter of 2015. The company, however, booked an impairment charge of $242.4 million on property, plant, and equipment last year.
