North Sea Energy Inc. reported unaudited financial results for the first quarter ended March 31, 2016. For the quarter, the company reported net loss was CAD 319,681 or CAD 0.005 per basic and diluted share on nil revenue against CAD 220,054 or CAD 0.004 per basic and diluted share on revenue of CAD 22 a year ago. Loss before income tax expense was CAD 319,681 against CAD 220,054 a year ago.