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New Stratus Energy Announces Results for the Three and Six Months Ended June 30, 2025 & Corporate Updates
Calgary, Alberta--(Newsfile Corp. - September 2, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("Ne...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Results for the Three and Six Months Ended June 30, 2025 & Corporate UpdatesCalgary, Alberta--(Newsfile Corp. - September 2, 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 six months ended June 30, 2025 that have been filed on SEDAR+ (www.sedarplus.ca).Three Months Ended June 30, 2025 Highlights: Adjusted Working Capital: $(432,275)Adjusted EBITDA:  $(2,870,115) Ecuador Tax recovery (correction Factor):  $6,810,941 Net Loss from Continuing Operations1:  $(552,605) ($0.01) per share Average Daily OPS Production2,3: 1,060 boepd OPS3 Equity Pick Up (49% Net to NSE): $280,019 Notes:(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.Ecuador Update Block 60 - EcuadorAs previously updated on June 2, 2025, the Corporation had reached an agreement for an award, as part of a consortium (the \"Consortium\"), for the production sharing contract (the \"PSC\") for crude oil production and additional exploration relating to Block 60 in Ecuador, also known as the \"Sacha Block\". The original award was in respect of a proposed 40% working interest in the Sacha Block (the \"Proposed Working Interest\"). On May 24, 2025, President Noboa and the new Government of Ecuador were officially sworn in to govern the Republic of Ecuador for a new four-year term. The Corporation has thus resumed discussions with the Government with respect to the award and continues to work with its industry partners and advisors to present a new proposal to the Ministry of Energy aiming to sign a new PSC.MOU Vultur Oil - Brazil:On August 5, 2025, the Corporation announced the signing of a memorandum of understanding (\"MOU\") with Vultur Oils to develop the Concession Contracts located in the State of Bahia, Brazil. The Blocks comprise two (2) concession contracts for the exploration, development and production of oil and gas, being: (i) N° 48610.010812/2015-04 issued by the National Agency of Petroleum, Natural Gas and Biofuels of Brazil (\"ANP\") dated December 23, 2015, over a block known as RE...