CIC Energy reported a net loss for the three month period ended May 31, 2012 of $2,320,378 or $0.04 per share, compared to a net loss of $9,220,278 or $0.17 per share for the same period last year. The net loss for the six month period ended May 31, 2012 was $3,776,768 or $0.06 per share (basic and diluted) compared to a loss of $14,644,613 or $0.28 per share (basic and diluted) for the same period last year.