March 22, 2010 (FinancialWire) — Iteration Energy Ltd. (TSX: ITX) reported fourth-quarter net loss of $9.13 million or $0.04 per share, compared to net loss of $244.9 million or $1.48 per share last year. Funds from operations declined to $18.97 million or $0.09 per share from $31.15 million or $0.19 per share in the same quarter a year earlier. Production revenue before royalties fell to $50.99 million from $70.66 million in the prior-year quarter. Iteration Energy Ltd. (T.ITX) shares were down $0.03 at $1.57 on Friday.

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