Quattro Exploration and Production Ltd. reported earnings and production results for the third quarter 2015. For the period, the company reported revenues of $3,501,408, net income from operations, $11.70 per boe ‘Net Back' of $1,589,167 and net debt of $2,651,087. Cash-flow from operations was $908,778 and EBITDA (earnings before interest, taxes, depreciation and amortization) was $1,082,788. net earnings, after tax was $322,210 or of $0.01 per share.

For the period, the company's production averaged 1,476 boe per day on a continuing restricted rate due to Quattro being required to shut-in for periods from 5 to 7 days in British Columbia and Alberta, with the exit rate at September 30 recovering to 1,580 boe per day. In the second quarter, the Corporation continued to reduce costs, with operating costs averaging $13.09 per boe compared to $14.54 per boe in the second quarter, a 9% reduction during the quarter despite production being restricted.