Maverick Drilling & Exploration Limited announced audited consolidated earnings results for the twelve months ended December 31, 2015. For the year, the company reported revenue from continuing operations of $10,623,000 against $12,681,000 a year ago. Loss before income tax was $39,224,000 against $21,102,000 a year ago.

Loss from continuing operations was $39,224,000 or 7.2 cents per basic and diluted share against $18,676,000 or 3.5 cents per basic and diluted share a year ago. Loss for the year was $39,224,000 against $18,676,000 a year ago. Loss is attributable to owners of the company was $39,224,000 or 7.2 cents per basic and diluted share against $18,676,000 or 3.5 cents per basic and diluted share a year ago.

Net cash outflow from operating activities was $7,580,000 against net cash inflow from operating activities of $4,422,000 a year ago. Payments for property, plant and equipment was $549,000 against $523,000 a year ago. Payments for oil and gas assets were $7,885,000 against $19,958,000 a year ago.