Greenfields Petroleum Corporation reported earnings results for the third quarter and nine months ended September 30, 2016. For the third quarter, the company reported revenues of $6,867,000 compared to $3,876,000 same period a year ago. Net income was $109,945,000 or $1.85 per basic and diluted share compared to net loss of $1,676,000 or $0.08 per basic and diluted share same period a year ago.

For the nine months, the company reported revenues of $12,640,000 compared to $11,411,000 same period a year ago. Net income was $103,792,000 or $3.30 per basic and diluted share compared to net loss of $6,022,000 or $0.27 per basic and diluted share same period a year ago.

The company reported operating results for the third quarter and nine months ended September 30, 2016. For the third quarter, the company reported sales volumes of averaged 745 bbl/d for crude oil and 17,193 mcf/d for natural gas or 3,611 boe/d. In comparison to the average volumes for the same quarter in 2015, volumes decreased 40% for oil, increased 11% for natural gas and decreased 5% for boe/d, respectively.

For the nine months, the company reported sales volumes of averaged 803 bbl/d for crude oil and 15,116 mcf/d for natural gas or 3,323 boe/d. In comparison to the average volumes for the same nine months in 2015 volumes decreased for oil by 22%, increased 2% for natural gas and decreased 5% for boe/d, respectively.