Fortaleza Energy Inc. Announces Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014
May 28, 2014 at 03:46 pm EDT
Fortaleza Energy Inc. announced consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported financial natural gas sales of $369,000 against $194,000 a year ago. Funds from operations were $12,000 against funds used in operations $411,000 a year ago. Net loss was $51,000 against $557,000 a year ago.
For the quarter, the company reported average natural gas production of 476 Mcf/d against 467 Mcf/d a year ago. Average natural gas liquids production of 14 bbl/d against 9 bbl/d a year ago.