NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
Calgary, Alberta CANADA, May 29, 2014 /FSC/ - Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV-PDQ) has filed its interim Financial Results and Management Discussion & Analysis for the three months ended March 31, 2014.
Financial Statements
Highlights include:
- Working capital of $15.9 million, plus $4.2 million in non-current restricted cash.
$ (U.S. Dollars) Period Ended Period Ended March 31, 2014 March 31, 2013 ------------------------------------------------------------------------- Available Funds * 17,227,411 39,241,657 Working Capital 15,879,882 32,886,376 Exploration And Evaluation Assets 65,164,805 53,275,946 Total Assets 94,373,974 103,907,891 Funds Used In Operations 1,071,764 483,171 Net Income (Loss) (1,209,476) 1,076,506 Net Income (Loss) Per Share, Basic & Diluted (0.00) 0.00 ------------------------------------------------------------------------- * Constitutes the sum of cash and cash equivalents and short-term investments.
All amounts expressed above are in US dollars.
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 and California USA. 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:
Petrodorado Energy Ltd. Gregg Vernon, Interim President and CEO Chris Reid, VP of 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 the press release as a PDF, please click on the following link: http://www.fscwire.com/sites/default/files/news_release_pdf
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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
