Araca Energy ASA reported unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of NOK 38,347,000 against NOK 31,804,000 a year ago. Operating income before depreciation and impairment was 253 million against operating loss before depreciation and impairment of NOK 37,263 million a year ago.

Operating loss was NOK 23,251,000 against NOK 80,543,000 a year ago. Loss before income tax was NOK 23,432,000 against NOK 89,369,000 a year ago. Loss for the period was NOK 23,017,000 against NOK 88,583,000 a year ago.

Loss per ordinary diluted share was NOK 0.36 against NOK 1.38 a year ago. Net cash used in operating activities was NOK 6,678,000 against NOK 29,358,000 a year ago. Exploration and evaluation assets and oil and gas properties was NOK 7,005,000 against NOK 26,029,000 a year ago.