Energy

Reuters reports Canada’s Southern Pacific Resource Corp (TSE:STP,CVE:STP) posted a 34 percent rise in production.

Reuters reports Canada’s Southern Pacific Resource Corp (TSX:STP,TSXV:STP) posted a 34 percent rise in production.

The market news is quoted as saying,

April-June production was 4,915 barrels of oil equivalent per day (boe/d), up from 3,663 boe/d in the previous quarter.

Petroleum and natural gas revenue before royalties was $30.7 million for the fourth quarter, compared with $18.8 million in the previous quarter.

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