Traverse Energy Ltd. reported unaudited earnings and production results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported petroleum and natural gas revenue of $2.615 million against $1.969 million a year ago. Cash provided by operations was $1.389 million against $0.647 million a year ago. Funds from operations were $1.147 million or $0.01 per basic and diluted share against $0.491 million or $0.01 per basic and diluted share a year ago. Net loss was $1.130 million or $0.01 per basic and diluted share against $0.793 million or $0.01 per basic and diluted share a year ago. Capital expenditures before dispositions were $1.202 million against $0.951 million a year ago.

For the six months, the company reported petroleum and natural gas revenue of $5.641 million against $3.604 million a year ago. Cash provided by operations was $2.492 million against $1.259 million a year ago. Funds from operations were $2.588 million or $0.03 per basic and diluted share against $0.880 million or $0.01 per basic and diluted share a year ago. Net loss was $1.502 million or $0.02 per basic and diluted share against $1.464 million or $0.02 per basic and diluted share a year ago. Capital expenditures before dispositions were $5.092 million against $1.949 million a year ago.

For the quarter, the company reported natural gas production of 2,300 Mcf/day against 2,293 Mcf/day a year ago. Oil and NGL production was 384 bbls/day against 366 bbls/day a year ago. Total production was 767 BOE/day against 748 BOE/day a year ago.

For the six months, the company reported natural gas production of 2,363 Mcf/day against 2,248 Mcf/day a year ago. Oil and NGL production was 425 bbls/day against 388 bbls/day a year ago. Total production was 819 BOE/day against 762 BOE/day a year ago.