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Centaurus Energy Inc. Announces 2020 Second 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 Second Quarter Financial Results and Operational Update(All dollar figures are expressed in United States Dollars)BUENOS AIRES, ARGENTINA / ACCESSWIRE / October 8, 2020 / Centaurus Energy Inc. (\"Centaurus\" or the \"Company\") (TSXV:CTA)(OTCQB:CTARF) is pleased to announce its financial and operating results for the three months ended June 30, 2020.Centaurus' CEO David Tawil commented: \"Although we confronted a very challenging oil-price environment in the second quarter, the Company's cost and expense base continues to be reduced and increases in production are expected to be forthcoming, positioning Centaurus for success as oil prices recover.\"CONFERENCE CALL The Company will hold an investor conference call to discuss the Company's operating and financial results on Friday Oct 9, 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 six months ended June 30, 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 endedJune 30 2020 2019 Financial - ($000s, except per share amounts) Oil and gas revenue 4,860 8,979 Funds flow from (used in) continuing operations(1) (2,725) 577 Per share - basic & diluted(1) (0,005) 0,001 Net loss from continuing operations (16,442) (2,268) Per share - basic & diluted(1) (0,03) (0,00) Capital expenditures (3) (130) 2,745 Working capital (deficiency) (1) (16,693) (1,420) EBITDA (1,809) 729 Common shares outstanding - 000s 544,060 544,060 Operating Average Daily Sales Crude oil and Ngls - Bbls/d 1,975 1,734 Natural gas - Mcf/d 1,226 1,655 Total - Boe /d 2,180 2,010 Average Sales Prices Crude oil and Ngls - $/Bbl 25.70 52.85 Natural gas - $/Mcf 2.15 4.24 Total - $/Boe 24.50 49.09 Operating Netbacks(2) - $/Boe (7.16) 9.86 (1) This tab...