Business
New Stratus Energy Announces Results for the Three and Nine Months Ended September 30, 2025 & Corporate Updates
Calgary, Alberta--(Newsfile Corp. - December 1, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("New...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Results for the Three and Nine Months Ended September 30, 2025 & Corporate UpdatesCalgary, Alberta--(Newsfile Corp. - December 1, 2025) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\", \"NSE\" or the \"Corporation\") is pleased to announce the consolidated financial and operating results for the three and nine months ended September 30, 2025 that have been filed on SEDAR+ (www.sedarplus.ca).Three Months Ended September 30, 2025 Highlights: Adjusted Working Capital: $(2,018,511) Adjusted EBITDA:  $(3,025,542)  Ecuador Tax recovery (correction Factor): $6,810,941 Net Loss from Continuing Operations1:   $(2,419,176) ($0.02) per share  Average Daily OPS Production2,3: 2,058 boepd OPS3 Equity Pick Up (49% Net to NSE):  $328,478Notes:(1) In accordance with Canadian GAAP, Net Income (loss) per basic & fully diluted share are the same in a loss position. (2) See Oil and Gas Advisory, below.(3) See definition of OPS below. Mexico Update Net income this year has been negatively affected by the required non-cash inclusion of accretion expenses on the required future capital expenditures on the Soledad contract. NSE has undertaken negotiations for amendments to this contract to properly reflect the actual production and reserves being realized in field operations. Recently, evidence presented by NSE has yielded more productive conversations and the current expectation is that NSE will absolve itself of future obligations at Soledad and will receive a refund of a portion of capital expenses incurred to date. This change is expected to occur prior to the 2025 year end.Colombia UpdateNSE has entered into a binding memorandum of understanding for a joint venture agreement with a local operator, approved with the Agencia Nacional de Hidrocarburos in Colombia, to jointly acquire and develop existing oil and gas production blocks in Colombia. NSE expects that the definitive agreement for the joint venture will be entered into before 2025 yearend.Brazil UpdateOn October 20, 2025, NSE announced the execution of a definitive farm-out agreement with Vultur Oil. Further to this announcement, an application has been made to the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (\"ANP\") in Brazil to recognize NSE as an approved op...