Vermilion Energy Posts Q1 Profit

Reuters reports that Vermilion Energy Inc (TSX:VET) posted a first-quarter profit.

The press release is quoted as saying:

The company reported earnings of C$27.2 million, or 30 Canadian cents a share, compared with a loss of C$8.2 million, or 10 Canadian cents a share, a year ago. Petroleum and natural gas sales for the quarter rose 35 percent to C$229.7 million. Production averaged 34,234 barrels of oil equivalent (boe/d), up from 30,184 boe/d last year.

Click here to access the entire press release