The company posted an 835% rise in revenue to $59.1 million, while adjusted earnings before interest, tax, depreciation and amortisation grew about 17 times to $43.2 million.

Adjusted net profit attributable to shareholders was $5.8 million, representing a 9756% improvement from last year.

These results were backed by a 799% growth in production to 703 million barrels of oil equivalent, with the newly-acquired Cotulla asset achieving an output of more than 6000 barrels per day.

Proven