The Canadian company booked a net loss of C$12.5 million ($12.39 million) for 2012, narrowing a C$16.7 million loss in 2011.
That came as revenues more than tripled to C$53.7 million from C$11.3 million in 2011, with oil volumes sold expanding to 710,649 barrels from 190,564 barrels.
Americas Petrogas also said that thanks to a new “Oil Plus” incentive pricing scheme from the Argentina government, the company had realised average prices of $75.70
