Dundee Energy Limited announced unaudited consolidated earnings results for the third quarter ended September 30, 2016. The company's net loss attributable to owners of the parent for the three months ended September 30, 2016 was CAD 2.1 million or a loss of CAD 0.01 per share. This compares with a net loss attributable to owners of the parent of CAD 1.9 million or CAD 0.01 per share incurred in the same period of the prior year. Revenues before royalty interests earned from oil and natural gas sales during the third quarter of 2016 were CAD 6.4 million, compared with CAD 7.5 million of revenues earned in the same quarter of 2015, reflecting reduced production volumes and a decrease in the realized sales price for commodities on a comparative period-over-period basis.

Natural gas production during the third quarter of 2016 averaged 11,403 Mcf/d compared with 11,681 Mcf/d for three months ended September 30, 2015. Oil and liquids production was 502 bbls/d compared with 549 bbls/d for the three months ended September 30, 2015. The decline in production was better than historical natural declines due to summer maintenance work completed in the third quarter of 2016, which improved production volumes in the current quarter.