As at December 31, 2012, the Company had 94.3 million common shares outstanding. Additionally, there were 4.8 million options outstanding that were issued pursuant to the Company's Stock Option Plan (average exercise price - $2.84/share CDN).
Net income for the year ended December 30, 2012 was $25.7 million ($0.27 per share) versus $21.3 million ($0.22 per share) for 2011 and represents a new record for earnings in the company's history. Working capital at December 31, 2012 increased $103.3 million from $75.4 million at December 31, 2011. Funds flow from operations for the year ended December 31, 2012 increased to $35.7 million from $27.6 million for 2011, also representing a new record.
Production for the year of 2,434bpd of crude oil also represented the highest annual average production level since 2007.