Maverick Drilling & Exploration Limited announced audited consolidated earnings results for the year ended June 30, 2014. For the year, the company reported revenue from continuing operations of AUD 43,805,000 compared to AUD 27,462,000 for the same period a year ago. Loss before income tax was AUD 29,570,000 compared to profit before income tax of AUD 7,187,000 for the same period a year ago.

Loss from continuing operations was AUD 20,055,000 or 4.2 cents per basic and diluted share compared to profit from continuing operations of AUD 3,769,000 0.8 cents per basic and diluted share for the same period a year ago. Profit attributable to owners of the company was AUD 20,055,000 or 4.2 cents per basic and diluted share compared to AUD 3,769,000 or 0.8 cents per basic and diluted share for the same period a year ago. Net cash inflow from operating activities was AUD 25,435,000 compared to AUD 9,477,000 for the same period a year ago.

Payments for property, plant and equipment was AUD 3,182,000 compared to AUD 5,385,000 for the same period a year ago. Payments for oil and gas assets were AUD 35,410,000 compared to AUD 26,195,000 for the same period a year ago. Adjusted EBITDA was AUD 15,870,000 compared to AUD 20,184,000 for the same period a year ago.

Net debt was AUD 44,439,000 against AUD 34,737,000 a year ago.