Zeta Petroleum PLC announced consolidated audited earnings results for the year ended December 31, 2014. For the year, the company reported revenue of GBP 283,000 against GBP 244,000 a year ago. Operating loss was GBP 927,000 against GBP 1,395,000 a year ago. Loss before taxation was GBP 1,394,000 against GBP 1,274,000 a year ago. Loss for the year attributable to the equity holders was GBP 1,394,000 against GBP 1,274,000 a year ago. Loss per basic and diluted ordinary share was 0.1 pence against 0.7 pence a year ago. Net cash outflow from operating activities was GBP 637,000 against GBP 1,048,000 a year ago. Purchase of property, plant and equipment was GBP 552,000 against GBP 76,000 a year ago.

In 2015, the company anticipates increasing Zeta's net production and revenues, as it focus on proving up the new reserves on licenses and in the process unlocking the considerable value of its asset base.