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Centaurus Energy Inc. Announces 2020 Third 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 Third Quarter Financial Results and Operational Update(All dollar figures are expressed in United States Dollars)BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 2, 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 September 30, 2020.Centaurus' CEO David Tawil commented: \"Centaurus Energy's' oil production, revenue and EBITDA recovered solidly in the third-quarter. The Company has its leanest cost structure in its history. And, the results from the fifth production-well in Coiron Amargo Sur Este are as good or better than the previous four wells drilled in CASE. We are looking forward to continuing with the progress made.\"CONFERENCE CALL The Company will hold an investor conference call to discuss the Company's operating and financial results on Tuesday, November 3, 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 nine months ended September 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 ended September 30 2020 2019 Financial - ($000s, except per share amounts) Oil and gas revenue 6,895 7,849 Funds flow from (used in) continuing operations(1) 374 (1,052)Per share - basic & diluted(1) 0,001 (0,002)Net loss from continuing operations (3,758) (2,167)Per share - basic & diluted(1) (0,01) (0,00)Capital expenditures (3) 2,273 8,574 Working capital (deficiency) (1) (20,981) (6,608)EBITDA 1,058 (968)Common shares outstanding - 000s 544,060 544,060 Operating Average Daily Sales Crude oil and Ngls - Bbls/d 2,154 1,903 Natural gas - Mcf/d 1,029 1,433 Total - Boe /d 2,325 2,142 Average Sales Prices Crude oil and Ngls - $/Bbl 33.63 42.24 ...