The
company
recorded
a
net
profit
of
$69.1
million
for
the
three
months
to
31
March,
recovering
from
a
net
loss
of
$137.2
million
during
the
first
quarter
of
2011.
The
return
to
profit
came
as
revenues
from
oil
and
gas
sales
for
the
quarter
increased
to
$535.3
million,
up
from
$316.7
million
a
year
earlier.
Driving
profits
was
a
surge
in
output
which
averaged
85,526
barrels
of
oil
equivalent
per
day
over
the
three
month
period,
compared
to
51,663
boepd
during
the
first
quarter
of
last
year.
Accounting
for
more
than
half
of…
