Pace Releases Q1 2012 Results, Continues Transition to Oil

Pace Oil & Gas Ltd. (TSX:PCE) announced its operating and financial results for the first quarter of 2012. It spent the quarter continuing to transition its focus to oil.

As quoted in the press release:

Total production increased to a record of 14,557 boe/d (on a 6:1 conversion) with oil increasing 22% and natural gas production declining 11% from the same period last year.

Click here to read the full Pace Oil & Gas (TSX:PCE) press release.