03:41 PM EST - Americas Petrogas Inc. : announced its first-quarter 2014 results. For the three months ended March 31, 2014, operating netback was $4.1 million (calculated as gross oil sales revenue of $9.1 million less royalties of $1.3 million and production costs of $3.7 million). For the three months ended March 31, 2013, operating netback was $13.2 million (calculated as gross oil sales revenue of $16.5 million less royalties of $2.1 million and production costs of $1.2 million). The loss for Q1 2014 of $24.6 million compared to net income of $4.3 million in 2013’s first quarter. Americas Petrogas Inc.
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