Vanoil Energy Ltd. announced unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported net loss and comprehensive loss of CAD 542,161 compared to CAD 252,295 a year ago. Basic and diluted net loss per share was CAD 0.01 compared to CAD 0.01 a year ago.

Cash used in operating activities was CAD 448,063 compared to CAD 314,052 a year ago. Additions to exploration and evaluation assets were CAD 533,979 compared to CAD 1,768,850 a year ago.