Granite Oil Corp. reported audited earnings and operating results for the year ended December 31, 2018. For the year, the company reported oil and natural gas revenues of $43,371,000 compared to $52,667,000 in last year. Net income was $753,000 or $0.02 per basic share compared to loss of $5,508,000 or $0.16 per basic share in last year.

For the year, the company reported total production of 1,995 (boe/d) compared to 2,668 (boe/d) in last year. Natural gas production was 102 (mcf/d) compared to 417 (mcf/d) and Crude oil production was 1,978 (bbls/d) compared to 2,598 (bbls/d) in last year.