May 30 (Reuters) - Point Loma Resources Ltd PLX.V
* Point Loma Resources announces first quarter financial and operating results
* Point Loma Resources Ltd qtrly net loss per share - basic $0.03
* Point Loma Resources Ltd qtrly gross revenue $1.5 million versus $970,000 in quarter ended Dec 31, 2016
* Point Loma Resources Ltd qtrly total production; boe/d at 6:1; of 582 boe/d versus 341 boe/d in quarter ended Dec 31, 2016
* Point Loma Resources Ltd - Approved a capital budget for second and third quarters that will see approximately $5 million of activity
* Point Loma Resources Ltd - Anticipates planned activities will be precursor to an increase in oil and gas production into Q4 Source text for Eikon: ID:nCCN2Nsqba Further company coverage: PLX.V