Fortaleza Energy Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015 and Production Results for the Nine Months Ended September 30, 2015
For the nine months, the company reported total revenue of $1,523,000 compared to $703,000 a year ago. Funds used in operations were $1,884,000 or $0.02 per basic and diluted share compared to $641,000 or $0.01 per basic and diluted share a year ago. Net loss was $2,555,000 or $0.03 per basic and diluted share compared to $812,000 or $0.01 per basic and diluted share a year ago.
For the nine months, the company reported natural gas production of 193 Mcf/d compared to 396 Mcf/d a year ago. Natural gas liquids production was 6 bbl/d compared to 11 bbl/d a year ago. Total production was 227 Mcfe/d compared to 462 Mcfe/d a year ago.