Matra Petroleum AB (publ) announced consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the full year, the company consolidated reported revenue was $2,295,000 against $1,974,000 a year ago. Operating loss was $392,000 against $82,000 a year ago. Loss before tax was $2,110,000 against $1,238,000 a year ago. Result attributable to shareholders of the parent company was $2,110,000 against $1,238,000 a year ago. Diluted loss per share was $0.05 against $0.04 a year ago. Total cash flows used in operating activities was $142,000 against $347,000 a year ago. EBITDA was $433,000 compared to $232,000 a year ago. Quarterly EBITDA further improved from the third quarter 2017 and the fourth quarter 2016. Net income for the quarter was negatively affected by an unrealised loss of $453,000 on hedge positions, based on higher yearend oil and gas prices not yet reflected in oil and gas sales. Hedge positions were related to future production for which actual price realizations will be recorded in 2018. For the full year, the company reported consolidated revenue was $9,234,000 against $5,682,000 a year ago. Operating loss was $560,000 against $3,730,000 a year ago. Loss before tax was $7,126,000 against $9,038,000 a year ago. Result attributable to shareholders of the parent company was $7,126,000 against $9,038,000 a year ago. Diluted loss per share was $0.18 against $0.27 a year ago. Total cash flows used in operating activities was $341,000 against $1,446,000 a year ago. Investment in oil and gas properties was $5,172,000 against $4,461,000 a year ago. EBITDA was $1,400,000 compared to LBITDA of $745,000 a year ago. For the quarter, the parent company reported revenue of SEK 185,000. Operating loss was SEK 1,188,000. Net result was SEK 1,188,000. For the fifty months ended December 31, 2017, the parent company reported revenue of SEK 185,000. Operating loss was SEK 6,652,000. Net result was SEK 6,666,000.