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Petrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter Of 2011
Petrodorado Files Financial Results and Management Discussion Analysis for the Second Quarter Of...
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[{"type":"text","content":"\nPetrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter Of 2011\n\nPetrodorado Files Financial Results and Management Discussion Analysis for the Second Quarter Of 2011\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES\nCalgary, Alberta CANADA, August 30, 2011 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), has filed its Interim Financial Results and Management Discussion Analysis for the three and six months ended June 30, 2011.\nFinancial Statements\nHighlights include:\n- Generated oil and gas revenues of $2.3 million, the revenue were the result of the sale of 20,269 bbls at an average price of $112 per barrel of oil.\n- Completed acquisition of 558 Km 2D seismic in Block 138 in Peru.\n- Identified over 50 prospects and leads on the CPO-5 block in Colombia\n-***-\n---------------------------------------------------------------------\n$ (U.S. dollars)                   Period ended          Period ended\n                                  June 30, 2011         June 30, 2010\n---------------------------------------------------------------------\nWorking Capital                       39,618,498           42,014,032\nExploration and Evaluation Assets     53,536,271           16,206,470\nProperty, Plant Equipment           15,562,362            6,575,387\nTotal Assets                         125,475,106           77,746,663\nFunds used in Operations -six months  (1,551,342)   &...