Rooster Energy Ltd. Announces Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production Guidance for the First Quarter of 2015
For the year, the company reported revenue of $94,377,019 against $92,263,552 a year ago. Operating income was $214,366 against $2,627,700 a year ago. Loss before income tax expense was $12,431,366 against $4,745,789 a year ago. Net loss was $9,739,366 or $0.03 per basic and diluted share against $4,032,789 or $0.01 per basic and diluted share a year ago. Total EBITDAX was $17,718,589 against $26,462,346 a year ago.
For the quarter, the company's total production was 236,674 boe against 220,794 boe a year ago.
For the year, the company's total production was 899,164 boe against 990,422 boe a year ago.
The company estimates first quarter of 2015 production volumes will be in the range of 3,000-3,100 Boepd.