Waldron Energy Corporation announced earnings results for the fourth quarter and year ended December 31, 2014. For the fourth quarter, the company's petroleum and natural gas sales were CAD 3,644,000 against CAD 5,172,000 in the same period a year ago. Funds from operations were CAD 233,000, or CAD 0.00 per basic and diluted share against CAD 1,169,000, or CAD 0.03 per basic and diluted share in the same period a year ago. Net loss was CAD 27,526,000 or CAD 0.44 per basic and diluted share against CAD 2,425,000 or CAD 0.06 per basic and diluted share in the same period a year ago. Capital expenditures, net of dispositions were CAD 1,795,000 against CAD 2,514,000 in the same period a year ago.

For the full year, petroleum and natural gas sales were CAD 21,581,000 against CAD 21,805,000 in the same period a year ago. Funds from operations were CAD 3,706,000, or CAD 0.06 per basic and diluted share against CAD 5,322,000, or CAD 0.13 per basic and diluted share in the same period a year ago. Net loss was CAD 29,859,000 or CAD 0.50 per basic and diluted share against CAD 8,690,000 or CAD 0.21 per basic and diluted share in the same period a year ago. Capital expenditures, net of dispositions were CAD 10,567,000 against CAD 3,779,000 in the same period a year ago. Net debt was CAD 26,500,000 compared to CAD 29,104 a year ago. .

The company reported operating results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's operation production was 1,317 Boe/day against 1,684 Boe/day in the same period a year ago. This reflects a reduction of approximately 250 boe per day resulting from the temporary shut-in of the Corporation's Strachan production and third party volume allocation adjustments related to prior periods.

For the full year, operation production was 1,498 Boe/day against 1,903 Boe/day in the same period a year ago.

The company provides production guidance for the first quarter of 2015. For the first quarter, the company's production is estimated to be 1,300 - 1,400 boe per day, which was impacted by the temporary shut-in of its Strachan volumes. Current production is estimated to be 1,400 - 1,450 boe per day.