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Centaurus Energy Inc. Announces 2021 Third Quarter Financial Results and Operational Update
Buenos Aires, Argentina--(Newsfile Corp. - November 17, 2021) - Centaurus Energy Inc. (TSXV: C...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Inc. Announces 2021 Third Quarter Financial Results and Operational UpdateBuenos Aires, Argentina--(Newsfile Corp. - November 17, 2021) - Centaurus Energy Inc. (TSXV: CTA) (OTCQB: CTARF) (\"Centaurus\" or the \"Company\") is pleased to announce its financial and operating results for the three months ended September 30, 2021.SUMMARY FINANCIAL AND OPERATIONAL RESULTS (All dollar figures are expressed in United States Dollars)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, 2021 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. The information has been prepared by management of Centaurus and is unaudited.Three months endedSeptember 3020212020Financial - ($000s, except per share amounts)  Oil and gas revenue5,4256,895Funds flow from (used in) continuing operations(1)1,211374Per share - basic & diluted(1)0,0020,001Net gain (loss) from continuing operations1,859(3,758)Per share - basic & diluted(1)0,00(0,01)Capital expenditures 382,273Working capital (deficiency) (1)(34,185)(20,981)EBITDA1,7231,058Common shares outstanding - 000s544,060544,060Operating  Average Daily Sales  Crude oil and Ngls - Bbls/d1,0022,154Natural gas - Mcf/d7601,029Total - Boe /d1,1292,325Average Sales Prices  Crude oil and Ngls - $/Bbl55.8733.63Natural gas - $/Mcf3.922.44Total - $/Boe52.2432.23  Operating Netbacks(2) - $/Boe20.767.89 (1) This table contains the term \"funds flow from continuing operations\" and \"working capital\", which are non-GAAP measures and should not be considered an alternative to, or more meaningful than \"cash flows from operating activities\" as determined in accordance with International Financial Reporting Standards (\"IFRS\") as an indicator of the Company's performance. Working capital, funds flow from operations and funds flow from operations per share (basic and diluted) do not have any standardized meanings prescribed by IFRS and may not be comparable with the calculation of similar measures for other entities. Management uses funds flow from continuing operations ...