Waldron Energy Corporation announced earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company's petroleum and natural gas sales was CAD 5.95 million compared with CAD 6.7 million a year ago. Funds from operations were CAD 1.95 million or CAD 0.05 per basic and diluted share compared with CAD 2.2 million or CAD 0.06 per basic and diluted share a year ago. Net loss was CAD 1.26 million or CAD 0.03 per basic and diluted share compared with CAD 6.6 million or CAD 0.19 per basic and diluted share a year ago. Capital expenditures were CAD 0.72 million compared with CAD 3.6 million a year ago. As on March 31, 2013, the company's net debt was CAD 34.7 million. Operating field cash flow was CAD 3.0 million compared with CAD 3.5 million a year ago. For the quarter, the company's natural gas production was 9,426 mcf/d compared with 12,404 mcf/d a year ago. NGL production was 392 bbls/d compared with 588 bbls/d a year ago. Light crude oil production was 156 bbls/d compared with 150 bbls/d a year ago. Average production was 2,119 boe per day compared with 2,806 boe per day a year ago. For the second quarter of 2013, the company's production is estimated to be approximately 2,000 - 2,050 boe per day.

Waldron Energy Corporation announced audited earnings results for the fourth quarter and year ended december 31, 2012. For the fourth quarter, sales were CAD 6,674 against CAD 8,536 in the same period a year ago. Funds from operations was CAD 3,037 against CAD 4,199 in the same period a year ago. Net loss was CAD 8,417 or CAD 0.21 per basic and diluted share against CAD 14,319 or CAD 0.42 per basic and diluted share in the same period a year ago. Capital expenditures were CAD 1,370 against CAD 6,411 in the same period a year ago. For the full year sales were CAD 24,530 against CAD 33,218 in the same period a year ago. Funds from operations were CAD 8,191 against CAD 14,559 in the same period a year ago. Net loss was CAD 18,339 or CAD 0.50 per basic and diluted share against CAD 14,482 or CAD 0.44 per basic and diluted share in the same period a year ago. Capital expenditures were CAD 12,230 against CAD 46,922 in the same period a year ago. Net asset value per basic and diluted share was CAD 1.68. Net debt was CAD 35,919. The company reported operating results for the fourth quarter and year ended December 31, 2012. For the fourth quarter, operation production was 2,484 BOE/day against operation production of 2,810 BOE/day in the same period a year ago. For the full year, operation production was 2,510 BOE/day against operation production of 2,687 BOE/day in the same period a year ago. The company provides first quarter and second quarter 2013 production estimates. First quarter production is estimated to be 2,150 to 2,200 boe per day, which was temporarily impacted by approximately 65 boe per day due to a January 2013 third party plant outage in the Strachan area. The Corporation will continue to concentrate on debt reduction through to the end of break-up in the second quarter of 2013. For the second quarter of 2013, the company expects production to be approximately 2,000 to 2,050 boe per day.

Waldron Energy Corporation provides production guidance for the fourth quarter of 2012 and net debt guidance for the full year of 2012. For the quarter, the provide an operational update regarding the fourth quarter 2012 production estimate of approximately 2,475 boe/d consisting of 650 bbls/day of oil and natural gas liquids and 11 mmscf/d of natural gas. This compares to a third quarter 2012 production of 2,235 boe/d. The corporation currently estimates production at 2,400 boe/d based on 600 bbls/day of oil and natural gas liquids and 10.8 mmscf/d of natural gas. For the year, the year end 2012 net debt is forecast to be approximately $35 million. The company also announced the promotion of Jeff Kearl, CA, to the position of VP Finance and CFO.