The loss shrank to C$1.12mln from C$1.52mln in June 2015.
The company’s assets also swelled C$9.96mln from C$8.9mln a year earlier.
The comprehensive loss for the year was stable at C$2.22mln from C$2.2mln in 2015.
SMB’s strategy is to focus on oil and gas opportunities in unexplored onshore frontier basins of Africa.
Story by ProactiveInvestors