The
company's
net
income
for
the
12
months
to
31
December
totalled
C$32.1
million
(US$31.4
million),
up
from
2011's
profit
of
just
C$8.4
million.
The
rise
in
profits
came
as
revenue
from
oil
and
gas
sales
more
than
doubled
to
C$98.2
million
in
2012,
up
from
C$46.8
million
a
year
earlier.
Helping
lift
revenue
was
a
133%
rise
in
production
which
averaged
3142
barrels
of
oil
equivalent
per
day
in
2012.
Boosting
production
was
a
100%
drilling
success
rate
in
2012,
with
a
total
of
39
horizontal
oil
wells
drilled
during
the
year.
The…
