Bankers Petroleum (TSX: T.BNK, Stock Forum) Friday provided its 2012 financial and operating results, this according to a company news release.
Cash flow for the year was $192.6 million, a 30% increase compared with $147.9 million for 2011. Revenue increased by 27% to $432.1 million, or $79.73/bbl.
The oil and gas producer/explorer added that average oil production was 15,020 barrels of oil per day in 2012, 15% higher than last year.
Bankers Petroleum also announced that first quarter 2013 year-to-date average production is 16,850 barrels of oil per day and the company expects to spend $247 million on its capital program this year.