Nov 14 (Reuters) - Traverse Energy Ltd TVL.V
* Qtrly petroleum and natural gas revenue $1.8 million versus $2.9 million
* Qtrly funds from operations $0.01
* Board of directors has approved an initial exploration and development program for 2017 of $14 million
* Traverse Energy announces 2016 third quarter results Source text for Eikon: ID:nCCN5BH8yf Further company coverage: TVL.V