Mustang Geothermal reports fourth-quarter loss

Mustang Geothermal Corp. of Reno last week reported a loss of $165,053 in the fourth quarter of last year, which compares with a loss of $85,482 in the comparable quarter a year earlier.

The publicly held exploration-stage company, which previously was known as Urex Energy Corp., has yet to post any revenues. It's accumulated losses of $8.47 million since its inception in 2002.