Mountainview Energy Ltd. reported earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported petroleum and natural gas sales of USD 5,883,000 compared to USD 5,993,000 a year ago. Funds flow from operations at negative was USD 332,000 or USD 0.00 per basic and diluted share compared to funds flow from operations of USD 3,830,000 or USD 0.02 per basic and diluted share a year ago. Net loss was USD 1,638,000 or USD 0.02 per basic and diluted share compared to USD 387,000 or USD 0.01 per basic and diluted share a year ago. Capital expenditure was USD 7,403,000 compared to USD 7,262,000 a year ago.

For the nine months, the company reported petroleum and natural gas sales of USD 19,000,000 compared to USD 13,070,000 a year ago. Funds flow from operations at negative was USD 50,000 compared to funds flow from operations of USD 4,389,000 a year ago. Net loss was USD 9,448,000 or USD 0.11 per basic and diluted share compared to USD 2,833,000 or USD 0.03 per basic and diluted share a year ago. Capital expenditure was USD 21,646,000 compared to USD 30,345,000 a year ago. Net debt excluding financial derivatives was USD 75,911,000 as on September 30, 2014 compared to USD 46,883,000 as on September 30, 2013.

For the quarter, the company's average daily production was 807 boe/d compared to 711 boe/d a year ago. Natural gas production was 864 Mcf/d compared to 306 Mcf/d a year ago.

For the year, the company's average daily production was 839 boe/d compared to 584 boe/d a year ago.