Rooster Energy Ltd. announced earnings and production results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of $6,549,719 compared with $14,473,520 for the same period a year ago. Operating loss was $1,519,192 compared with operating income of $669,617 for the same period a year ago. Loss before income taxes was $5,107,778 compared with $1,313,254 for the same period a year ago. Net loss was $3,329,377 or $0.01 per basic and diluted share compared with $918,254 or $0.00 per basic and diluted share for the same period a year ago. Total EBITDAX was $6,558,881 compared with $3,833,207 for the same period a year ago.

For the quarter, the company produced crude oil of 33,092 Bbls compared with 62,242 Bbls for the same period a year ago. NGLs was 25,933 Bbls compared with 13,667 Bbls for the same period a year ago. Natural gas was 738,292 M cf compared with 1,233,287 M cf for the same period a year ago.