03:39 PM EST - Crocotta Energy Inc. : announced its financial and operating results for the year ended December 31, 2012. Highlights: Increased average production 83% to 6,911 barrels of oil equivalent per day (boepd) in 2012 from 3,775 boepd in 2011. Achieved 2012 exit guidance of 8,500 boepd. Increased funds from operations 65% to $50.6 million in 2012 from $30.6 million in 2011. Decreased production expenses 26% to $5.83/boe in 2012 from $7.85/boe in 2011. Crocotta Energy Inc.
shares T.CTA are trading up $0.01 at $3.29.
