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March 7 (Reuters) - Entrec Corp:
* Entrec announces 2016 fourth quarter and year end financial results
* Says revenue for quarter ended December 31, 2016 decreased by 14% to $30.0 million
* Says "expect that revenue from our recent expansion in Permian Basin will grow significantly in 2017"
* Says funds used in operations per share $0.01
* Qtrly net loss per share $0.10
* Entrec Corp - "as we enter 2017, outlook for our business is beginning to improve" Source text for Eikon: Further company coverage: