Matra Petroleum AB Announces Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Parent Company Results for the Period from October 26, 2016 to June 30, 2017
For the six months, the company reported revenue was $5,100,000 compared with $1,684,000 a year ago. Operating loss was $90,000 compared with $2,919,000 a year ago. Loss before tax was $3,220,000 compared with $5,622,000 a year ago. Loss attributable to shareholders was $3,042,000 compared with $5,622,000 a year ago. Basic and diluted loss per share was $0.08 compared with $0.17 a year ago. Total cash flows from operating activities were $1,749,000 compared with net cash used in operating activities was $1,347,000 a year ago. EBITDA was $502,000 compared with LBITDA was $2,086,000 a year ago.
For the quarter, the company sold crude oil production of 27,102 bbl against 19,506 bbl a year ago. Sold gas and natural gas liquids production was 125,625 mcf against 80,481 mcf a year ago. Produced oil volume, net was 26,885 bbl against 19,709 bbl a year ago. Produced gas volume, net was 125,625 mcf against 80,481 mcf a year ago.
For the six months, the company sold crude oil production of 52,772 bbl against 33,680 bbl a year ago. Sold gas and natural gas liquids production was 255,772 mcf against 202,511 mcf a year ago. Produced oil volume, net was 51,419 bbl against 33,560 bbl a year ago. Produced gas volume, net was 255,772 mcf against 202,511 mcf a year ago.
For the period from October 26, 2016 to June 30, 2017, the parent company reported operating loss of SEK 3,559,000, net loss of SEK 3,559,000.