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Petrodorado Files 2012 Financial Results, Annual Information Form, and Management Discussion & Analysis
Petrodorado Files 2012 Financial Results, Annual Information Form, and Management Discussion &...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\nPetrodorado Files 2012 Financial Results, Annual Information Form, and Management Discussion & Analysis\n\nPetrodorado Files 2012 Financial Results, Annual Information Form, and Management Discussion & Analysis\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES\nCalgary, Alberta CANADA, April 25, 2013 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), (\"Petrodorado\" or the \"Company\") has filed its 2012 Year Financial Results, Annual Information Form and Management Discussion & Analysis.\nFinancial Statements\nHighlights include:\n- As at December 31, 2012, the Company has $58.3 million funds available to be used in exploration activities and general operations by way of cash and cash equivalents, short-term investments, and restricted cash.\n- On July 12, 2012, Petrodorado executed an agreement with the operator of Peru Blocks 135 and 138 to divest its 45% beneficial interest for total cash considerations of $15.3 million.\n- On May 20, 2013, Petrodorado executed a sale agreement of the Company's working interest in the Moriche Block for total cash considerations of $3.5 million.\n-***-\n-------------------------------------------------------------------------\n$ (U.S. dollars)                          Period ended       Period ended\n                                     December 31, 2012  December 31, 2011\n-------------------------------------------------------------------------\nWorking Capital                             38,033,211         35,835,451\n-------------------------------------------------------------------------\nExploration and Evaluation Assets           49,227,831         59,697,822\n-----------------------------------------------------------------...