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New Zealand Energy Announces Release of the Company's Second Quarter Results
WELLINGTON, NEW ZEALAND / ACCESSWIRE / August 26, 2015 / New Zealand Energy Corp. (TSXV: NZ)...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"New Zealand Energy Announces Release of the Company's Second Quarter ResultsWELLINGTON, NEW ZEALAND / ACCESSWIRE / August 26, 2015 / New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) (\"NZEC\" or the \"Company\") has released the results of its second quarter ended June 30, 2015. Details of the Company's financial results are described in the Condensed Consolidated Interim Financial Statements for the period ended June 30, 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 June 30, 2015 was $1,222,855 (including non-cash charges of $376,590 for depreciation and $508,235 for impairment) compared with a loss for the second quarter of 2014 of $10,164,654 (which included non-cash charges of $867,327 for depreciation and $9,331,014 for impairment). The Company realized a loss per share for the three-month period ended June 30, 2015 of $0.01 (2014: $0.06).\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 condensed consolidated interim financial statements for the period ended June 30, 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 which are beyond NZEC's control, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of av...