World Oil Resources Limited announced audited consolidated earnings results for the year ended June 30, 2013. For the period the company reported revenue of AUD 358,480 against AUD 732,861 for the same period last year. Loss before income tax expense was AUD 8,241,419 against AUD 2,229,924 for the same period last year.

Loss after income tax expense for the year attributable to the owners of the company was AUD 8,241,419 against AUD 2,229,924 for the same period last year. Total comprehensive loss for the year attributable to the owners of the company was AUD 7,626,808 or AUD 2.11 per basic and diluted share against AUD 1,975,725 or AUD 0.65 per basic and diluted share for the same period last year. Net cash used in operating activities was AUD 375,902 against net cash from operating activities of AUD 46,504 for the same period last year.

Payments for explorations assets were AUD 318,156 against AUD 2,272,432 for the same period last year. Payments for production assets were AUD 437,448.