Calgary, Alberta (FSCwire) - Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV-PDQ) has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2014.
Financial Statements
Highlights include:
- Working capital of $15.0 million, plus $2.6 million in non-current restricted cash.
$ (U.S. dollars)
Period ended
June 30, 2014
Period ended
June 30, 2013
Available funds *
18,334,535
33,428,794
Working Capital
15,040,156
28,483,615
Exploration and Evaluation Assets
66,879,689
55,963,664
Total Assets
93,964,288
98,858,871
Funds used in Operations (six months)
2,354,698
1,612,459
Funds used in Operations (three months)
1,282,934
1,129,288
Net Income (Loss) (six months)
(2,628,332)
3,249,829
Net Income (Loss) (three months)
(1,418,856)
2,173,323
Net Income (Loss) per Share, basic & diluted (six months)
(0.01)
0.01
Net Income (Loss) per Share, basic & diluted (three months)
(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”.
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.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
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
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Calgary, Alberta (FSCwire) - Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV-PDQ) has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2014.
