Matra Petroleum AB (publ) announced earnings results for third quarter and nine months ended 30 September 2018. For the quarter, Revenue was USD 3,239,000 against USD 2,363,000 a year ago. Operating profit was USD 395,000 against loss of USD 77,000 a year ago. Loss for the period was USD 1,735,000 against USD 1,795,000 a year ago. Basic and diluted loss per share was USD 0.04 against USD 0.05 a year ago.

For the nine months, Revenue was USD 8,203,000 against USD 6,940,000 a year ago. Operating loss was USD 691,000 against loss of USD 169,000 a year ago. Loss for the period was USD 6,607,000 against USD 5,016,000 a year ago. Basic and diluted loss per share was USD 0.16 against USD 0.13 a year ago.

For the quarter, the company announced total daily gross production of 823 boepd compared to 713 boepd for the same period a year ago. Total daily net production of 651 boepd compared to 558 boepd for the same period a year ago.

For the nine months, the company announced total daily gross production of 696 boepd compared to 680 boepd for the same period a year ago. Total daily net production of 551 boepd compared to 533 boepd for the same period a year ago.

For 2019, The company expects further production growth in 2019.