Traverse Energy Ltd. reported unaudited earnings and production results for the first quarter ended March 31, 2018. For the quarter, the company reported petroleum and natural gas revenue of $1,979,000 against $3,025,000 a year ago. Cash provided by operations was $1,144,000 against $1,102,000 a year ago. Funds from operations were $614,000 or $0.01per basic and diluted share against $1,441,000 or $0.02 per basic and diluted share a year ago. Net loss was $447,000 or $0.00 per basic and diluted share against $371,000 or $0.01 per basic and diluted share a year ago. Capital expenditures, net of dispositions were $825,000 against $3,890,000 a year ago.

For the quarter, the company reported natural gas production of 2,252 Mcf per day against 2,426 Mcf per day a year ago. Oil and NGL production was 298 bbls per day against 467 bbls per day a year ago. Total production was 673 BOEper day against 871 BOE per day a year ago.