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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Says net crude oil sales before royalties averaged 972 barrels per day in 2021, it explains that this figure was limited due to facility constraints. In the final quarter sales averaged 1,094 barrels a day, up marginally from an average of 1,071 barrels the previous quarter. Petroleum sales, net of royalties, were USD15.0 million in 2021 though Canadian Overseas notes that this was offset by a USD2.3 million loss on crude oil hedge contracts. In the final quarter, sales were USD5.8 million, up 12% from USD5.2 million in the third quarter.
Current stock price: 30.55 pence, down 8.8% in London
12-month change: down 24%
By Heather Rydings; heatherrydings@alliancenews.com
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