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New Stratus Energy Announces Results for the Three Months Ended June 30, 2023 & Corporate Updates
Calgary, Alberta--(Newsfile Corp. - August 29, 2023) - 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 Months Ended June 30, 2023 & Corporate UpdatesCalgary, Alberta--(Newsfile Corp. - August 29, 2023) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\", \"NSE\" or the \"Corporation\") is pleased to announce that the consolidated and operating results for the three and six months ended June 30, 2023 have been filed on SEDAR+ (www.sedarplus.ca).Q2 2023 Highlights:Working Capital at the end of Q2 of $47,533,781 ($0.39 per share)Net Income (loss) for Q2 of ($2,733,720) ($0.02 per share)Corporate Updates:As disclosed on May 30, 2023, the Corporation has signed an MOU with a vendor to acquire operatorship and a high working interest in a light oil production block in Mexico. Confirmatory due diligence has ended and the Corporation is in negotiations on a definitive agreement. The definitive agreement is expected to be signed shortly with operatorship of a profit sharing contract for 24 years to begin on January 1, 2024.As disclosed on August 2, 2023, the Corporation has signed an MOU with GoldPillar International Fund SPC Ltd. (\"GoldPillar\"), a private entity organized and existing under the laws of the British Virgin Islands and which is in negotiations with Petroleos de Venezuela S.A. (\"PDVSA\"), the national oil company, to partner in mixed companies to develop oil and gas assets in Venezuela. Confirmatory due diligence has also ended and the Corporation is proceeding with negotiations on a definitive agreement, and has retained an engineering firm to prepare a reserves report in respect of the assets.Additional opportunities continue to be evaluated in Argentina, Colombia, Guyana, Mexico, Peru and Venezuela.Contact Information:Jose Francisco ArataChairman & Chief Executive [email protected] FeleskyPresident & [email protected] MirandaChief Financial [email protected] - (416) 363-4900Forward-Looking InformationCertain information set forth in this news release constitutes \"forward-looking statements\", and \"forward-looking information\" under applicable securities legislation (collectively, \"forward-looking statements\"). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of conditional or future tenses or by the use ...