Point Loma Resources Ltd. announced earnings and production results for the first quarter ended March 31, 2019. For the quarter, the company reported Petroleum and natural gas revenue of $1,528,000 compared with $1,201,000 a year ago. Net loss was $1,590,000 against $1,579,000 reported last year. Basic loss per share were $0.02 compared with $0.03 a year ago.

For the quarter, the company reported total daily average production of 720 boe per day compared with 607 boe per day a year ago.