UPDATE: Exall Energy Almost Hits 52-Week Lows on Lower Q1 Profit; Grows Production by 17%

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Exall Energy Corporation (EE.TO) reported first quarter 2013 net income of $896,000, or $0.01 per share, on revenues of $9.8 million. In the same period last year, net income was $1.1 million, or $0.02 per share, on revenues of $8.6 million.

The company also reported a production average of 1,303 boe per day for the first quarter, a 17% increase over the same quarter in 2012, the second highest quarterly average in the compay's history.

EE was down 2% to 21 cents, almost hitting 52-week low $0.205.

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