Rooster Energy Ltd. Announces Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2015
For the year, the company reported revenue of $67,459,817 against $94,377,019 a year ago. Operating loss was $19,059,573 against income was $214,366 a year ago. Loss before income tax expense was $26,989,274 against $12,431,366 a year ago. Net loss was $19,185,274 or $0.06 per basic and diluted share against $9,739,366 or $0.03 per basic and diluted share a year ago. Total EBITDAX was $24,103,911 against $17,718,589 a year ago.
For the quarter, the company's total production was 205,010 boe against 236,674 boe a year ago.
For the year, the company's total production was 975,693 boe against 899,165 boe a year ago.