Traverse Energy Ltd. reported unaudited earnings and operating results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported petroleum and natural gas revenue of $1,191,000 compared to $2,209,000 a year ago. Net loss was $8,944,000 or $0.09 per basic and diluted share compared to $2,967,000 or $0.03 per basic and diluted share a year ago.
For the year, the company reported petroleum and natural gas revenue of $6,717,000 compared to $10,023,000 a year ago. Net loss was $17,705,000 or $0.17 per basic and diluted share compared to $5,006,000 or $0.05 per basic and diluted share a year ago.

For the quarter, the company reported total production of 594 BOE per day compared to 708 BOE per day a year ago.

For the year, the company reported total production of 559 BOE per day compared to 768 BOE per day a year ago.