Mountainview Energy Ltd. reported earnings and production results for the quarter ended March 31, 2015. For the quarter, the company reported petroleum and natural gas sales of USD 2,050,000 compared to USD 6,108,000 a year ago. Funds flow from operations at negative was USD 2,879,000 or USD 0.03 per basic and diluted share compared to funds flow from operations of USD 310,000 or USD 0.00 per basic and diluted share a year ago. Net loss was USD 5,011,000 or USD 0.06 per basic and diluted share compared to USD 1,542,000 or USD 0.02 per basic and diluted share a year ago. Capital expenditure was USD 307,000 compared to USD 7,910,000 a year ago. Net debt was USD 88,109,000 as on March 31, 2015.

For the quarter, average daily production of light crude oil was 627 bbl per day compared to 778 bbl per day a year ago. Natural gas production was 211 Mcf/d compared to 719 Mcf/d a year ago. Barrels of oil equivalent was 680 boe/d compared to 898 boe/d a year ago. Natural gas liquids production was 18 bbl per day.