* Q4 net loss C$0.07 vs C$0.01 yr ago
* Q4 production rev up 23 pct to C$27.6 mln
* Sees 2011 production at 10,500-11,000 boe/d (Follows alerts)
March 8 (Reuters) - Canadian oil and natural gas producer Vero Energy Inc posted a quarterly net loss, though average daily production rose 23 percent, and said it expects production to keep increasing in 2011.
For this year, the company expects production of 10,500-11,000 barrels of oil equivalent per day (boe/d), up from the current 9,000 boe/d.
For the quarter ended Dec. 31, Vero posted a net loss of C$3.4 million ($3,498,294.000), or 7 Canadian cents per share, compared with C$932,000, or 1 Canadian cent apiece, a year ago.
Production revenue for the quarter was up 23 percent to C$27.6 million.
Average daily production for the year rose 23 percent to 8,522 barrels of oil equivalent per day (boe/d).
Shares of the Calgary, Alberta-based Vero closed at C$5.76 on Monday on the Toronto Stock Exchange. ($1 = 0.972 Canadian Dollars) (Reporting by Abhiram Nandakumar; Editing by Joyjeet Das)