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VELXF - Canadian Overseas Petroleum reports Q1 results
Canadian Oversea Pete New
Canadian Overseas Petroleum press release (OTCPK:VELXF): Q1 Petroleum sales, net of royalties increased to C$7.1 million from C$5.8 million in Q421. Cuda's petroleum sales, net of royalties was C$2.7 million in Q122 and C$2.3 million in Q421 for an aggregate amount to the company's account of C$9.8 million for Q122 an increase from $8.1 million in Q421. The company's total net average oil production in Q122 was 1,591 bbl./d as compared to 1,600 bbl./d in Q421.