Matra Petroleum AB (publ) announced earnings and operating results for the third quarter and first nine months ended September 30, 2017. For the quarter, the company announced revenue was USD 2,201,000 compared to USD 1,744,000 for the same period a year ago. EBITDA was USD 256,000 compared to LBITDA of USD 321,000 for the same period a year ago. Operating loss was USD 77,000 compared to USD 728,000 for the same period a year ago. Loss for the period was USD 1,795,000 compared to USD 2,177,000 for the same period a year ago. Loss per share was USD 0.05 compared to USD 0.07 for the same period a year ago. Cash flow from operations before changes in working capital was positive USD 201,000 compared to negative USD 417,000 for the same period a year ago.

For the first nine months, the company announced revenue was USD 7,301,000 compared to USD 3,428,000 for the same period a year ago. EBITDA was USD 756,000 compared to LBITDA of USD 2,407,000 for the same period a year ago. Operating loss was USD 169,000 compared to USD 3,648,000 for the same period a year ago. Loss for the period was USD 5,016,000 compared to USD 7,799,000 for the same period a year ago. Loss per share was USD 0.13 compared to USD 0.24 for the same period a year ago. Cash flow from operations before changes in working capital was positive USD 36,000 compared to negative USD 1,868,000 for the same period a year ago.

For the quarter, the company announced average daily gross production of 713 boepd compared to 679 boepd for the same period a year ago. Average daily net production was 558 boepd compared to 522 boepd for the same period a year ago.

For the first nine months, the company announced average daily gross production of 680 boepd compared to 550 boepd for the same period a year ago. Average daily net production was 533 boepd compared to 421 boepd for the same period a year ago.