Business
Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces 2019 Third Quarter Financial Results and Operational Update
Buenos Aires, Argentina--(Newsfile Corp. - November 25, 2019) - Centaurus Energy Inc. (TSXV: ...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces 2019 Third Quarter Financial Results and Operational UpdateBuenos Aires, Argentina--(Newsfile Corp. - November 25, 2019) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) (\"Centaurus\" or the \"Company\") is pleased to announce its financial and operating results for the three months ended September 30, 2019. Centaurus' CEO Jose Penafiel commented: \"We are pleased to announce our first quarter of financial results under our new name as Centaurus Energy. Our financial results were impacted by significantly lower oil prices in Argentina during the quarter, but we were able to maintain positive operating netbacks. We remain pleased that the important drilling and completion program on our Coiron Amargo Sur Este (\"CASE\") block is progressing with positive initial results, as previously reported.\"CONFERENCE CALL As previously announced, the Company will hold an investor conference call to discuss the Company's operating and financial results on Tuesday November 26, 2019 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) 587 880 2171Toll 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 three months ended September 30, 2019 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.comThree months endedSep 3020192018Financial - ($000s, except per share amounts)Oil and gas revenue7,8498,269Funds flow from (used in) continuing operations(1)(1,052)761Per share - basic & diluted(1)(0,00)0,00Net loss from continuing operations(2,167)(2,272)Per share - basic & diluted(1)(0,00)(0,00)Capital expenditures8,5742,240Working capital (deficiency) (1)(6,608)(3,263)EBITDA(968)1,156Common shares outstanding - 000s544,059 543,860OperatingAverage Daily SalesCrude oil and Ngls - Bbls/d1,9031,382Natural gas - Mcf/d1,433 1,244 Total - Boe /d2,142 1,590 Aver...