Dr. Gang Fang reports

ANTERRA ENERGY ANNOUNCES 2015 - Q1 FINANCIAL AND OPERATING RESULTS

Anterra Energy Inc. has provided its financial and operating results for the three months ended March 31, 2015. Selected information presented below should be read in conjunction with the company's unaudited interim financial statements, and related management discussion and analysis for the three months ended March 31, 2015, available on SEDAR and on the company's website.

Operations:

• Low crude oil prices realized during the first quarter of 2015 had a major negative impact on the company's overall first-quarter 2015 performance. Production revenues, excluding the impact of risk management commodity contracts, for the three months ended March 31, 2015, decreased 57 per cent to $2.5-million from $5.7-million for same period in 2014, primarily as a result of a 51-per-cent reduction in realized average commodity prices. For the first quarter of 2015, realized commodity prices averaged $43.72 per barrels of oil equivalent, compared with $88.78 per boe during the first quarter of 2014.
• As a result of quality adjustments, blending charges and trucking costs, production from the company's Two Creek property became uneconomical at the current low prices and was shut in at the beginning of March, 2015.
• Production for the three months ended March 31, 2015, averaged 622 boe per day, a decrease of 13 per cent compared with 715 boe per day for the first quarter 2014. Quarter over quarter, first-quarter 2015 production decreased 10 per cent from fourth-quarter 2014 average production of 691 boe per day.
• First-quarter 2015 revenues from mid-stream activities increased 12.6 per cent to $994,438 from $892,909 during the first quarter of 2014, primarily as a result of increased oil emulsion throughput at the Breton facility. As a result of increased revenues and lower direct operating costs, funds generated by mid-stream operations (determined as revenues less direct operating expenses) increased 31 per cent to $645,568 in the first quarter of 2015, as compared with $483,097 for the first quarter of 2014.
• In addition to the contribution from mid-stream activities, overall company operations were positively affected by risk management commodity contracts, which resulted in a realized gain of $495,780 during the first quarter of 2015.

             SUMMARY OF FINANCIAL AND OPERATING RESULTS

                                                Three months ended March 31,
                                                        2015           2014 
Financial                                                                   
Oil and gas sales                                  2,448,012      5,713,795 
Mid-stream revenue                                   994,438        888,729 
Funds flow from operations (1)                       398,426      1,392,563 
Per share basic and diluted                            0.000          0.002 
Realized risk management gain                        495,780              - 
Net income (loss)                                   (842,374)       167,659 
Per share basic and diluted                           (0.002)        (0.000)
Capital expenditures                                 148,817        745,541 
Net debt (1)                                      24,797,436     17,189,723 
Net debt to annualized funds flow (1)                 15.6:1          3.2:1 
Property, plant and equipment                     66,301,526     71,836,739 
Exploration and evaluation assets                    386,667        386,667 
Shareholders' equity                              16,790,425     33,854,036 
Operating                                                                   
Average production                                                          
Light and medium crude oil, bbl/d                        524            610 
Natural gas, mcf/d                                       340            486 
NGL, bbl/d                                                41             24 
Boe/d                                                    622            715 
% oil and NGL                                             91%            89%
Average realized price                                                      
Light and medium crude oil, $/bbl                      48.03          96.28 
Natural gas, $/mcf                                      3.14           6.28 
NGL, $/bbl                                             23.48          70.66 
Oil and gas netback (1) $/boe                                                
Oil and gas sales                                      43.72          88.78 
Realized risk management gain                           8.85              - 
Royalties                                               7.22          19.71 
Operating and transportation expense                   40.45          40.78 
Operating netback                                       4.90          28.29 
Mid-stream net operating revenue                     645,568        483,037 

(1) Funds flow from operations, net debt, net debt to annualized funds flow
    and field netback are non-generally accepted accounting principles measures.

We seek Safe Harbor.