Eagle Energy Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2017. For the quarter, sales volumes of 3,966 boe per day, revenue, net of royalties of CAD 14,167,000, funds flow from operations of CAD 4,272,000, funds flow from operations per share - diluted of CAD 0.10, earnings per share - diluted of CAD 0.02 compared to sales volumes of CAD 4,147,000 boe per day, revenue, net of royalties of CAD 13,149,000, funds flow from operations of CAD 5,148,000, funds flow from operations per share - diluted of CAD 0.12, loss per share - diluted of CAD 0.23 for the same period a year ago.

For the full year of 2017, the company revised its guidance to capital budget of CAD 21.0 million and average production of 3,700 boe per day to 3,900 boe/d compared to previous guidance capital budget of CAD 22.8 and average production of 3,800 boe per day to 4,000 boe per day. 2017 funds flow from operations is expected to be approximately CAD 10.7 million (previously CAD 15.2 million) based on the following assumptions: average production of 3,800 boe per day (the mid-point of the revised guidance range) and ending net debt of CAD 69.4 million.