Waldron Energy Corporation announced earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company's petroleum and natural gas sales was CAD 2,598,000 compared with CAD 7,252,000 a year ago. Funds used in operations were CAD 752,000 or CAD 0.01 per basic and diluted share compared with funds from operations of CAD 2,235,000 or CAD 0.04 per basic and diluted share a year ago. Net loss was CAD 11,430,000 or CAD 0.18 per basic and diluted share compared with CAD 1,341,000 or CAD 0.02 per basic and diluted share a year ago. Capital expenditures were CAD 150,000 compared with CAD 4,720,000 a year ago. Net debt as on March 31, 2015 was CAD 15,101,000 against CAD 34,690,000 as on March 31, 2014.

For the quarter, the company's natural gas production was 5,397 mcf/d compared with 7,544 mcf/d a year ago. NGL production was 183 bbls/d compared with 287 bbls/d a year ago. Light crude oil production was 167 bbls/d compared with 143 bbls/d a year ago. Total average production was 1,250 BOE per day compared with 1,687 BOE per day a year ago.