Hawk Exploration Ltd. (HWK_B.V) posted first-quarter Funds From Operations or FFO of C$1.5 million or C$0.04 per share, compared to C$863 thousand or C$0.03 per share in the previous year quarter.
Comprehensive income for the quarter was C$509 thousand or C$0.01 per share, compared to a net loss of C$133 thousand or C$0.01 per share in the comparable quarter last year.
Petroleum and natural gas sales for the quarter rose 29 percent to C$2.89 million from C$2.24 million in the year-ago quarter.
As previously disclosed, Hawk expects second quarter 2012 production to average approximately 500 boe/d weighted 94 percent to crude oil.
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by RTT Staff Writer
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