Isramco Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $20,617,000 compared to revenues of $13,383,000 for the fourth quarter a year ago. Net loss of $13,132,000 or $4.83 per share compared to a net loss of $652,000, or $0.24 per share for the same quarter a year earlier. The loss was primarily caused by one time impairment of $23,161,000 on its oil and gas properties in United States, lower crude oil, natural gas and natural gas liquids sales revenues in the fourth quarter of 2013 as a result of a decrease in crude oil, natural gas and NGLs sales volumes in the U.S. This decrease was partially offset by revenues from the company's overriding royalty in Tamar Field off shore Israel, an increase in revenues from well service activities and an increase in crude oil, natural gas and NGLs sales prices. Operating loss was $18,377,000 against operating income of $589,000 a year ago.

For the full year, the company's revenues from oil and gas sales were $51,288,000 compared to $40,402,000 in 2012. Net loss was $6,710,000 or $2.47 per share compared to a net income of $2,221,000 or $0.82 per share in 2012. When compared to 2012, the loss was primarily due to a one time impairment of $23,161,000 on its oil and gas properties in the United States in 2013, the company's net gain of $3,650,000 in 2012 on sale of its investment in shares of a related party, Jerusalem Oil Exploration Ltd, lower crude oil, natural gas and NGLs sales revenues in 2013 as a result of a decrease in crude oil, natural gas and NGLs sales volumes in the U.S., and a decrease in NGLs prices in 2013. This loss was partially offset by revenues from the company's overriding royalty in the Tamar Field off shore Israel, an increase in revenues from well service activities and an increase in NGLs sales prices. Operating loss was $3,329,000 against operating income of $5,997,000 a year ago. Net cash provided by operating activities was $24,282,000 against $17,000,000 a year ago.