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Centaurus Energy Inc. Announces 2020 Financial Results and Operational Update
(All dollar figures are expressed in United States Dollars) Buenos Aires, Argentina--(Newsfil...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Inc. Announces 2020 Financial Results and Operational Update(All dollar figures are expressed in United States Dollars)Buenos Aires, Argentina--(Newsfile Corp. - July 14, 2021) - Centaurus Energy Inc. (TSXV: CTA) (OTCQB: CTARF) (\"Centaurus\" or the \"Company\") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2020.As previously stated in the Company's press releases dated April 26, 2020, May 4, 2021, and July 8, 2021, the Company was delayed in the filing of its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2020 (the \"Annual Filings\") and the Company applied for and was granted, by the Alberta Securities Commission, a management cease trade order in respect of the Company's delayed Annual Filings (the \"MCTO\"), which was ultimately extended until July 14, 2021.SUMMARY FINANCIAL AND OPERATIONAL RESULTS Selected information is outlined below and should be read in conjunction with Centaurus' audited consolidated financial statements for the three and twelve months ended December 31, 2020 and the associated management's discussion and analysis (\"MD&A\") for the year ended December 31, 2020, which are available for review under the Company's profile at www.sedar.com and on the Company's website at www.ctaurus.com Three months ended  Twelve months ended  Dec 31Dec 31 2020  2019   2020  2019  Financial - ($000s, except per share amounts)Oil and gas revenue6,2258,08327,17532,409Funds flow from (used in) continuing operations(1)(5.667)385(7.087)(642)Per share - basic & diluted(1)0,00(0,00)(0,01)0,00Net loss from continuing operations(14,980)(18,351)(38,020)(23,288)Per share - basic & diluted(1)(0,03)(0,03)(0,07)(0,00)Capital expenditures (3)72313,5057,95425,967Working capital (deficiency) (1)(31,567)(20,444)(31,567)(20,444)EBITDA(170)(610)382(1,931)Common shares outstanding - 000s544,060544,060544,060544,060                  Operating    Average Daily Sales    Crude oil and Ngls - Bbls/d1,7621,8472,0421,768Natural gas - Mcf/d7881,7181,0861,588To...