Waldron Energy Corporation announced audited earnings results for the fourth quarter and year ended December 31, 2013. For the fourth quarter, the company's sales were CAD 5,172,000 against CAD 6,674,000 in the same period a year ago. Funds from operations were CAD 1,169,000, or CAD 0.03 per basic and diluted share against CAD 3,037,000, or CAD 0.08 per basic and diluted share in the same period a year ago. Net loss was CAD 2,425,000 or CAD 0.06 per basic and diluted share against CAD 8,417,000 or CAD 0.21 per basic and diluted share in the same period a year ago. Capital expenditures were CAD 2,514,000 against CAD 1,274,000 in the same period a year ago.

For the full year, sales were CAD 21,805,000 against CAD 24,530,000 in the same period a year ago. Funds from operations were CAD 5,322,000, or CAD 0.13 per basic and diluted share against CAD 8,191,000, or CAD 0.21 per basic and diluted share in the same period a year ago. Net loss was CAD 8,690,000 or CAD 0.50 per basic and diluted share against CAD 18,339,000 or CAD 0.44 per basic and diluted share in the same period a year ago. Capital expenditures were CAD 3,779,000 against CAD 12,134,000 in the same period a year ago. Net debt was CAD 29,104,000.

The company reported operating results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's operation production was 1,684 Boe/day against 2,484 Boe/day in the same period a year ago.

For the full year, operation production was 1,903 Boe/day against 2,510 Boe/day in the same period a year ago.

The company provides production guidance for the first quarter of 2014. For the first quarter, the company's production is estimated to be 1,700 - 1,800 boe per day, which was impacted by a third party facility turnaround that has resulted in the shut-in of approximately 50 bbl per day of oil. Exit production is expected to be 1,750 - 1,800 boe, also excluding the temporarily shut-in production.