Oil and gas exploration and production company Exceed Energy has reported a net loss of C$4,505 for the third quarter of 2007, down 99% compared to a net loss of C$0.3 million in the same period of 2006.

The company reported cashflow of C$0.5 million for the third quarter of 2007, compared to C$0.25 million in the same period of 2006.

The company also reported that its gross revenue was up 45%, its barrels of oil equivalent (boe) per day production was up 37%, and that the firm’s depletion was down 20% on a per boe basis for the third quarter of 2007.