Manitok Energy Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported funds from operations of $1,711,000 against $6,644,000 a year ago. Basic and diluted funds from operations per share were $0.01 against $0.08 a year ago. Net Loss was $4,521,000 against net income of $8,316,000 a year ago. Basic and diluted net loss per share was $0.02 against profit per share of $0.10 a year ago. Petroleum and natural gas revenue was $11,509,000 against $14,548,000 a year ago. Capital expenditures were $2,798,000 against $3,890,000 a year ago.

For the nine months, the company reported funds from operations of $14,502,000 against $21,902,000 a year ago. Basic and diluted funds from operations per share were $0.08 against $0.30 a year ago. Net loss was $8,273,000 against $21,937,000 a year ago. Basic and diluted net loss per share was $0.05 against $0.30 a year ago. Petroleum and natural gas revenue was $29,432,000 against $43,490,000 a year ago. Capital expenditures were $12,224,000 against $37,750,000 a year ago. Net debt was $56,063,000 against $80,935,000 a year ago.

For the quarter, the company reported operating average daily production of 4,276 boe/d against 4,434 boe/d a year ago.

For the nine months, the company reported operating average daily production of 4,091 boe/d against 4,486 boe/d a year ago.