Traverse Energy Ltd. reported unaudited earnings and production results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported petroleum and natural gas revenue of $1,769,000 against $2,173,000 a year ago. Cash from operations was $637,725 against $1,081,124 a year ago. Adjusted Funds flow were $566,765,000 or $0.01 per basic and diluted share against $769,227,000 or $0.01 per basic and diluted share a year ago. Net loss was $458,000 or $0.00 per basic and diluted share against $538,000 or $0.01 per basic and diluted share a year ago. Capital expenditures were $556,000 against $2,024,000 a year ago.

For the nine months, the company reported petroleum and natural gas revenue of $5,526,000 against $7,814,000 a year ago. Cash from operations was $2,262,182,000 against $33,572,885,000 a year ago. Adjusted Funds flow were $1,600,178 or $0.02 per basic and diluted share against $3,357,064 or $0.04 per basic and diluted share a year ago. Net loss was $8,761,000 or $0.08 per basic and diluted share against $2,039,000 or $0.02 per basic and diluted share a year ago. Capital expenditures were $2,545,000 against $7,116,000 a year ago.

For the quarter, the company reported natural gas production of 1,264 Mcf/day against 2,289 Mcf/day a year ago. Oil and NGL production was 242 bbls/day against 347 bbls/day a year ago. Total production was 452 BOE/day against 729 BOE/day a year ago.

For the nine months, the company reported natural gas production of 1,685 Mcf/day against 2,338 Mcf/day a year ago. Oil and NGL production was 267 bbls/day against 399 bbls/day a year ago. Total production was 548 BOE/day against 789 BOE/day a year ago.