An increase in production and stronger oil and gas prices helped Altura Energy
more than double its income and narrow its loss for 2017. The company reported a 2017
net loss of $103,000, up from a prior year loss of $1.2 million. Revenue rose from $7.8
million in 2016 to $16.4 million in 2017.
The 2017 earnings include a noncash
impairment charge of $1.5 million
associated with its Killam assets, whose net book value exceeded the recoverable amount.
Altura closed the......
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