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New Stratus Energy Announces Fourth Quarter and Year End 2022 Financial and Operating Results & 2022 Reserves
Calgary, Alberta--(Newsfile Corp. - August 2, 2022) - New Stratus Energy Inc. (TSXV: NSE) (" N...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Fourth Quarter and Year End 2022 Financial and Operating Results & 2022 ReservesCalgary, Alberta--(Newsfile Corp. - August 2, 2022) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\" or the \"Corporation\") is pleased to announce its financial and operating results for the three months and year ended March 31, 2022, our first quarter incorporating the acquisition of 100% of the shares of Repsol Ecuador S.A., which was completed on January 14, 2022. Subsequent to the year end, Repsol Ecuador S.A. completed a corporate name change to Petrolia Ecuador S.A. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management's discussion and analysis (\"MD&A\") for the year ended March 31, 2022. These filings are available on SEDAR at www.sedar.com and the Corporation's web page (www.newstratusenergy.com). The financial statements and MD&A, as well as the financial and operating highlights outlined below, are presented in Canadian dollars. Financial Highlights   (in Canadian dollars, expect per share information)Three months ended March 31, 2022Year Ended March 31, 2022  Financial  Revenue$25,712,107$25,712,107  Net Income  $18,117,27014,838,761  Per share - basic  $0.18 $0.17   - fully diluted  $0.15 $0.14   Operating EBITDA(1) $13,352,418  $10,783,906  Per share - basic $0.13  $0.13   - fully diluted  $0.11  $0.10  Cash & Cash Equivalents$15,474,166-$15,474,166  Working Capital $29,145,628$29,145,628  Operating  Average Daily Production    Heavy Crude Oil (bopd)5,3055,305   Consumption Oil (bopd) 732 732   Sales Production 4,5734,573   Netback(1) (C$/bopd)      Service Tariff  $48.41  $48.41   Carry forward recovery $17.08  $17.08   Net Revenue  $65.49  $65.49   Production Costs $22.85  $22.85   Netback(1) $42.64  $42.64 (1) Non-GAAP measure. Refer to \"Non-GAAP and Other Financial Measures\" within press release.(2) Includes in-the-money dilutive instruments as at Marc...