Mountainview Energy Ltd. reported earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported petroleum and natural gas sales of USD 1,622,000 compared to USD 7,010,000 a year ago. Funds flow from operations at negative was USD 1,482,000 or USD 0.02 per basic and diluted share compared to USD 121,000 or USD 0.00 per basic and diluted share a year ago. Net loss was USD 7,642,000 or USD 0.09 per basic and diluted share compared to USD 6,267,000 or USD 0.07 per basic and diluted share a year ago. Capital expenditure was USD 3,000 compared to USD 6,372,000 a year ago.

For the six months, the company reported petroleum and natural gas sales of USD 3,671,000 compared to USD 13,117,000 a year ago. Funds flow from operations at negative was USD 4,361,000 or USD 0.01 per basic and diluted share compared to USD 1,057,000 or USD 0.01 per basic and diluted share a year ago. Net loss was USD 12,652,000 or USD 0.14 per basic and diluted share compared to USD 7,809,000 or USD 0.09 per basic and diluted share a year ago. Capital expenditure was USD 40,000 compared to USD 14,282,000 a year ago. Net debt was USD 90,512,000 as on June 30, 2015 compared to USD 70,040,000 as at June 30, 2014.

For the quarter, the company's average daily production of light crude oil was 356 bbl per day compared to 814 bbl per day a year ago. Natural gas production was 234 Mcf/d compared to 243 Mcf/d a year ago. Barrels of oil equivalent was 423 boe/d compared to 854 boe/d a year ago. Natural gas liquids production was 27 boe per day.

For the six months, the company's average daily production of light crude oil was 491 bbl per day compared to 1,605 bbl per day a year ago. Natural gas production was 223 Mcf/d compared to 493 Mcf/d a year ago. Barrels of oil equivalent was 550 boe/d compared to 1,687 boe/d a year ago. Natural gas liquids production was 22 boe per day.