Business
Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces 2019 Financial Results and Operational Update
Buenos Aires, Argentina--(Newsfile Corp. - April 30, 2020) - Centaurus Energy Inc. (TSXV: CTA)...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces 2019 Financial Results and Operational UpdateBuenos Aires, Argentina--(Newsfile Corp. - April 30, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) (\"Centaurus\" or the \"Company\") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019. Centaurus' CEO David Tawil commented: \"I am encouraged by the growth in the Company's production and reserves in this challenging environment. The Company is progressing with optimizing its operations, rationalizing its cost structure and being a nimble and flexible participant in Argentina's energy sector.\"CONFERENCE CALL The Company will hold an investor conference call to discuss the Company's operating and financial results on Friday May 1, 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' audited consolidated financial statements for the three and twelve months ended December 31, 2019 and the associated management's discussion and analysis (\"MD&A\") and the Annual Information Form (the \"AIF\") for the year ended December 31, 2019, which are available for review under the Company's profile at www.sedar.com and on the Company's website at www.ctaurus.com(All dollar figures are expressed in United States Dollars)Three months endedTwelve months endedDec 31Dec 312019201820192018Financial - ($000s, except per share amounts)Oil and gas revenue8,0837,82232,40933,337Funds flow from (used in) continuing operations(1)385(190)(642)4,052Per share - basic & diluted(1)(0,00)(0,00)0,000,00Net loss from continuing operations(18,351)3,236(23,288)(3,172)Per share - basic & diluted(1)(0,03)0,01(0,00)(0,01)Capital expenditures13,50568025,9675,517Working capital (deficiency) (1)(20,444)(691)(20,444)(691)EBITDA(610)(198)(1,931)4,817Common shares outstanding - 000s544,060 544,060544,060544,060OperatingAverage Daily SalesCrude oil and Ngls - Bbls/d1,8471,5051,7681,534Natu...