Eagle Energy Inc. reported earnings results for the first quarter ended March 31, 2017. For the quarter, revenue, net of royalties was CAD 14,218,000 or 41.95 per boe against CAD 9,099,000 or 25.94 per boe a year ago. Funds flow from operations was CAD 1,589,000 or CAD 0.04 basic and diluted per share compared to CAD 2,167,000 or CAD 0.05 basic and diluted per share a year ago. Earnings were CAD 1,303,000 or CAD 0.03 basic and diluted per share against loss of CAD 11,713,000 or CAD 0.29 basic and diluted per share a year ago.

For the full year of 2017, the company expects capital budget to be CAD 22.8 million.

The company expects average production to be 3,800 boe/d to 4,000 boe/d for the year 2017.