Rooster Energy Ltd. Announces Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capex Guidance for the Fiscal Year 2015
For the nine months period, the company reported revenue of $22,079,367 against $32,920,020 a year ago. Operating income was $5,964,221 against $7,405,366 a year ago. Loss before income tax expense was $2,976,626 against income before tax expense of $2,436,296 a year ago. Loss was $2,839,626 or $0.03 per diluted share against income of $1,360,296 or $0.01 per diluted share a year ago. Capital expenditures were $13,073,768 against $26,289,412 a year ago. EBITDAX was $7,707,311 against $19,766,356 a year ago.
For the quarter, the company's production averaged 1,055 boe/day against 2,141 boe/day a year ago.
For the nine months period, the company reported production of 1,190 boe/day against 2,380 boe/day a year ago.
For the year, the company expects $41.5 million for the fiscal year 2015.