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Centaurus Energy Inc. Announces 2020 First Quarter Financial Results and Operational Update
(All dollar figures are expressed in United States Dollars) BUENOS AIRES, ARGENTINA / AC...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Inc. Announces 2020 First Quarter Financial Results and Operational Update(All dollar figures are expressed in United States Dollars)BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 28, 2020 / Centaurus Energy Inc. (\"Centaurus\" or the \"Company\") (TSXV:CTA, OTCQX:CTARF) is pleased to announce its financial and operating results for the three months ended March 31, 2020.Centaurus' CEO David Tawil commented: \"We are encouraged by our first-quarter financial results. Sequentially, the company showed improvement; production and revenues are up and costs and expenses are down; and, as a result, netbacks have increased nearly three-fold, from $3.65 to $9.94.\"CONFERENCE CALL The Company will hold an investor conference call to discuss the Company's operating and financial results on Thursday May 28, 2020 at 8:00 a.m. MDT (10:00 a.m. EDT). Analysts and investors are invited to participate using the following dial-in numbers:Local Dial-in Number: (+1) 416 764 8688Toll Free Dial-in Number North America: (+1) 888 390 0546Toll Free Dial-in Number United Kingdom: 0800 652 2435Toll Free Dial-in Number Argentina: 0800 444 8221SUMMARY FINANCIAL AND OPERATIONAL RESULTS Selected information is outlined below and should be read in conjunction with Centaurus' unaudited condensed interim consolidated financial statements for the three months ended March 31, 2020 and the associated management's discussion and analysis (\"MD&A\"), 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 March 31 2020 2019 Financial - ($000s, except per share amounts) Oil and gas revenue 9,195 7,498 Funds flow from (used in) continuing operations(1) 925 (1,031) Per share - basic & diluted(1) - - Net loss from continuing operations (2,841) (626) Per share - basic & diluted(1) (0,01) - Capital expenditures (3) 5,087 1,145 Working capital (deficiency) (1) (12,633) (2,063) EBITDA 1,295 (1,082) Common shares outstanding - 000s 544,060 544,060 Operating Average Daily Sales Crude oil and Ngls - Bbls/d 2,278 1,585 Natural gas - Mcf/d 1,305 1,547 Total - Boe /d 2,495 1,843 Average Sales Prices Crude oil and Ngls - $/Bbl 43.16 48.35 Natural gas - $/Mcf 2.09 4.31 Total - $/Boe 40.49 45.21 Operating Netbacks(2) - $/Boe 9.94 3.65 (1) This table contains the term \"funds...