Zoltav Resources Inc. reported audited consolidated earnings results and operating results for the year ended December 31, 2015. For the year, the company reported revenue of USD 28.138 million compared to USD 20.018 million a year ago. Operating profit was USD 1.097 million compared to USD 27.415 million a year ago. Loss before tax was USD 3.557 million compared to profit before tax of USD 24.106 million a year ago. Loss for the year attributable to the owners of the parent company was USD 4.032 million compared to profit for the year attributable to the owners of the parent company of USD 21.707 million a year ago. Diluted loss per share attributable to the company was 2.80 cents compared to diluted earnings per share of 20.19 cents a year ago. Net cash from operating activities was USD 4.307 million compared to net cash used in operating activities of USD 5.253 million a year ago. Capital expenditure in relation to exploration and evaluation activities was USD 0.893 million compared to USD 8.359 million a year ago. Purchase of property, plant and equipment was USD 4.461 million compared to USD 4.810 million a year ago.

The Company was able to keep the Western Gas Plant operating at full capacity throughout 2015. Average daily production from the Western Gas Plant during 2015 was 8,853 boe/d (1,256 toe/d) compared to 7,656 boe/d (1,086 toe/d) in 2014. This comprised 46.6 mmcf/d (1.32 mmcm/d) of gas (2014: 40.2 mmcf/d /1.14 mmcm/d) and 587 bbls/d (75 T/d) of oil and condensate (2014: 478 bbls/d /60 T/d). Overall this was a 15.6% increase in daily production compared to 2014. Gas production increased by 15.9%, while liquids production increased by 23%.