The company reported gross revenues of C$15.8 million for the first quarter of 2008, a 305% increase compared to C$3.9 million for the same period of 2007.
Production averaged 2,477 barrels of oil equivalent per day (boe/d) in the first quarter of 2008, compared to 869boe/d for the same quarter of 2007, a 185% increase with 66% oil and 34% natural gas.
Funds from operations were C$8.9 million or C$0.43 per share for the first quarter of 2008, compared to C$1.7 million or C$0.08 per share for the same period of 2007, a 419% increase in cash flow and 438% increase in cash flow per share.
