Matra Petroleum AB Announces Earnings and Operating Results for Third Quarter and Nine Months Ended 30 September 2018; Provides Production Guidance for the Year 2019
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.