02012.HK announced that oil sales (excluding royalties) were C $0 in the first quarter of 2022, while oil sales in the three months ended March 31, 2021 were C $140000. As a result of the temporary suspension of production from March 31, 2020, sales of diluted oil sands heavy oil decreased by C $100000.
Due to the temporary suspension of production from 31 March 2020, oil sales per barrel in the first quarter of 2022 were not disclosed. Oil sales in the same period in 2021 were C $58.75 per barrel.
In the first quarter of 2022, net profit and consolidated income attributable to the company's equity holders was approximately C $56.3 million (about HK $353 million), an increase of 2,265 per cent compared with a loss of C $2.6 million in the first quarter of 2021 over the same period.