Petrodorado Files 2015 Financial Results, Annual Information Form, and Management Discussion & Analysis
Not For Dissemination in the United States or For Distribution to U.S. Wire Services
Calgary, Alberta (FSCwire) - Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV-PDQ) has filed its 2015 Year Financial Results, Annual Information Form and Management Discussion & Analysis.
FINANCIAL STATEMENTS
Highlights include:
- Total available funds of $16.1 million *
- Working capital of $16.6 million
- Elimination of the vast majority of contractual commitments
|
$ (U.S. dollars) |
Year ended December 31, 2015 |
Year ended December 31, 2014 |
|
Available funds * |
16,056,462 |
16,252,425 |
|
Working Capital |
16,639,207 |
12,390,976 |
|
Exploration and Evaluation Assets |
|
10,700,000 |
|
Total Assets |
18,052,279 |
33,479,435 |
|
Funds used in Operations |
3,281,634 |
3,712,243 |
|
Net Loss for the year |
9,526,535 |
60,416,458 |
|
Net Loss per Share, basic and diluted |
0.20 |
1.25 |
* Constitutes the sum of cash and cash equivalents, short-term investments, and marketable securities.
Complete reports and statements are available on SEDAR at www.sedar.com and on the Company website www.petrodorado.com.
About Petrodorado Energy Ltd.
Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia. Its head office is located in Calgary, Alberta, Canada and Petrodorado’s common shares are traded on the TSXV under the trading symbol “PDQ”.
For further information, please contact:
Chris Reid, President and CEO
Lynn Chapman, VP Finance and CFO
Phone: (403) 800-9240
Email: info@petrodorado.com
Website: www.petrodorado.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/petrodorado04272016.pdf
Source: Petrodorado Energy Ltd. (TSX Venture:PDQ) http://www.petrodorado.com/
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