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Gold/Mining/Energy : Oilsands Quest Inc

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From: lexi2004	6/27/2008 5:04:08 PM
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Oilsands Quest FY Loss/Shr 44c Vs Loss 40c >BQILast update: 6/27/2008 4:58:08 PMDOW JONES NEWSWIRES Oilsands Quest Inc. (BQI) on Friday reported a net loss of $98.87 million, or 44 cents a share, for fiscal 2008 ended April 30, widening from a net loss of $68.8 million, or 40 cents a share, for fiscal 2007. The Canadian oil company said in its annual report with the U.S. Securities and Exchange Commission that it expects to continue to incur operating losses and will continue to be dependent on additional equity or debt sales or property joint ventures to fund its activities in the future. Shares of the company closed Friday at $5.94 each, down 18 cents.

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