Global Energy Development plc reported audited consolidated earnings results for year ended December 31, 2015. For the year, the company's revenue was $365,000 against $689,000 a year ago. Operating loss from continuing operations was $26,969,000 against $15,483,000 a year ago.

Loss before taxation from continuing operations was $26,725,000 against $17,275,000 a year ago. Loss from continuing operations, net of tax was $24,611,000 against $14,964,000 a year ago. Total comprehensive loss for the year attributable to the equity owners of the parent was $23,564,000 against $22,137,000 a year ago.

Basic and diluted loss per share was $0.65 against $0.61 a year ago. Net cash used in operating activities was $5,694,000 against net cash generated from operating activities of $735,000 a year ago. Purchase of property, plant and equipment was $98,000 against $7,539,000 a year ago.