Business
New Zealand Energy Announces Release of the Company First Quarter Results
WELLINGTON, NEW ZEALAND / ACCESSWIRE / May 29, 2015 / New Zealand Energy Corp. (TSX VENTURE:...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"New Zealand Energy Announces Release of the Company First Quarter ResultsWELLINGTON, NEW ZEALAND / ACCESSWIRE / May 29, 2015 / New Zealand Energy Corp. (TSX VENTURE: NZ) (OTCQX: NZERF) (\"NZEC\" or the \"Company\") has released the results of its first quarter ended March 31, 2015. Details of the Company's financial results are described in the Unaudited Consolidated Interim Financial Statements for the period ended March 31, 2015 and Management's Discussion and Analysis which are available on the Company's website at www.newzealandenergy.com and on SEDAR at www.sedar.com.\nThe net loss for the three-month period ended March 31, 2015 was $1,179,930 compared with a loss for the first quarter of 2014 of $2,022,722. The Company realized a loss per share for the three-month period ended March 31, 2015 of $0.01.\nThe Company has recorded revenues in the Financial Statements for the period (on a like for like basis) of $1,196,477(on production of 12,595 barrels) compared with $2,241,372 (on production of 19,682 barrels, excluding sales of purchased oil and condensate) for the corresponding three month period ended March 31, 2014.\nAs at 31 March 2015, the Company has recorded an increase in Shareholders equity to $25.58 Million compared with the Shareholders equity balance of $23.77 Million at 31 December 2014.\nOn behalf of the Board of Directors\n\"James Willis\"\nChairman\nNew Zealand Energy Corp.\nNew Zealand Energy Contacts\nEmail: [email protected]\nWebsite: www.newzealandenergy.com\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nFORWARD-LOOKING INFORMATION AND CAUTIONARY NOTE REGARDING RESERVE ESTIMATES\nThis document, the unaudited consolidated interim financial statements for the period ended March 31, 2015 and Management's Discussion and Analysis contain certain forward- looking information, forward-looking statements (\"forward-looking statements\"). The reader's attention is specifically drawn to the qualifications, disclosure and cautionary statements in these documents regarding forward-looking statements and reserve and resource estimates. \nThe Company notes that such forward-looking statements are subject to numerous risks and uncertainties, some of ...