(RTTNews) - Connacher Oil and Gas Limited (CLL.TO) reported third-quarter net earnings of C$47.77 million or C$0.11 per share, compared to C$12.14 million or C$0.06 per share in the same quarter last year. Total expenses for the quarter declined C$91.86 million, from C$211.59 million in the year ago quarter. Revenues for the quarter declined to C$151.36 million from C$224.56 million in the prior year quarter.

For the nine-month period, the company said its net earnings were C$40.89 million or C$0.14 per share, compared to C$17 million or C$0.08 per share in the comparable period of last year. Revenues for the period decreased to C$313.34 million from C$527.23 million in the corresponding period of the prior year.