Traverse Energy Ltd. reported unaudited earnings and production results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported petroleum and natural gas revenue of $2,173,000 against $1,788,000 a year ago. Cash provided by operations was $1,081,000 against $750,000 a year ago. Funds from operations were $769,000 or $0.01 per basic and diluted share against $440,000 or $0.01 per basic and diluted share a year ago. Net loss was $538,000 or $0.01 per basic and diluted share against $1,115,000 or $0.01 per basic and diluted share a year ago. Capital expenditures, net of dispositions were $2,024,000 against $1,790,000 a year ago.

For the nine months, the company reported petroleum and natural gas revenue of $7,814,000 against $5,392,000 a year ago. Cash provided by operations was $3,573,000 against $2,009,000 a year ago. Funds from operations were $3,357,000 or $0.04 per basic and diluted share against $1,319,000 or $0.02 per basic and diluted share a year ago. Net loss was $2,039,000 or $0.02 per basic and diluted share against $2,579,000 or $0.03 per basic and diluted share a year ago. Capital expenditures, net of dispositions were $7,116,000 against $3,739,000 a year ago.

For the quarter, the company reported natural gas production of 2,289 Mcf/day against 1,861 Mcf/day a year ago. Oil and NGL production was 347 bbls/day against 322 bbls/day a year ago. Total production was 729 BOE/day against 632 BOE/day a year ago.

For the nine months, the company reported natural gas production of 2,338 Mcf/day against 2,118 Mcf/day a year ago. Oil and NGL production was 399 bbls/day against 365 bbls/day a year ago. Total production was 789 BOE/day against 718 BOE/day a year ago.