Maverick Drilling & Exploration Limited announced consolidated financial results for the six months ended December 31, 2014. For the period, the company reported revenue from continuing operations of AUD 12,681,000 against AUD 43,805,000 a year ago. Loss before income tax was AUD 21,102,000 against AUD 29,570,000 a year ago.

Loss from continuing operations was AUD 18,676,000 against AUD 20,055,000 a year ago. Loss is attributable to owners of the company was AUD 18,676,000 against AUD 20,055,000 a year ago. Loss per basic and diluted share for loss from continuing operations attributable to the ordinary equity holders of the company was 3.5 cents against 4.2 cents a year ago.

Loss per basic and diluted share for loss attributable to the ordinary equity holders of the company was 3.5 cents against 4.2 cents a year ago. Net cash inflow from operating activities was AUD 4,422,000 against AUD 25,435,000 a year ago. Payments for property, plant and equipment was AUD 523,000 against AUD 3,182,000 a year ago.

Payments for oil and gas assets were AUD 19,958,000 against AUD 35,410,000 a year ago. Net tangible asset backing per ordinary security was 19 cents as on December 31, 2014 against 22 cents as on December 31, 2013.