* Q1 EPS C$0.63/shr vs C$0.35/shr last year
* Rev up 41 pct
May 12 (Reuters) - Canadian oil and gas company Bonterra Energy Corp (BNE.TO) said its first-quarter profit nearly doubled, helped by increased production and higher commodity prices.
For the quarter ended March 31, the company earned C$12 million, or 63 Canadian cents a share, compared with C$6.1 million or 35 Canadian cents per share, a year ago.
In the latest first quarter, Bonterra said the average price per barrel for oil and natural gas liquids was $74.88, up from $45.80 per barrel last year.
Revenue from oil and gas sales rose 41 percent to C$27.2 million.
Shares of the Calgary, Alberta-based company, which converted to a corporation in January, closed at C$37.49 Wednesday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Roshni Menon)