The Canadian independent posted average net production of 108,149 barrels of oil equivalent per day for the fourth quarter, a 19% gain over the year-ago period.

Average annual production was 97,657 boepd, a 13% jump over 2011.

"We had a challenging beginning to the year, when our production was constrained during the first eight months by environmental and development permit delays outside our control,” chief executive Ronald Pantin said in a statement.

“After