* Q4 EPS C$0.11 vs C$0.01
* Q4 rev quadruples
* Q4 output 1,855 boepd vs 383 boepd last year (Follows alerts)
March 17 (Reuters) - Canadian oil and natural gas explorer Spartan Exploration Ltd posted better quarterly profit as production rose five-fold on increased drilling in central Alberta’s Pembina area.
October-December earnings stood at C$3.52 million, or 11 Canadian cents a share, compared with $0.24 million, or 1 Canadian cent a share, a year ago.
Revenue for the quarter quadrupled to $11.6 million as output shot up to 1,855 barrels of oil equivalent per day (boepd) from 383 boepd, a year ago.
The company said it has drilled 10 wells in Pembina this year and expects to drill 22 more.
Shares of the Calgary, Alberta-based company, up nearly 60 percent in the last year, closed at C$5.40 on Wednesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Joyjeet Das)