PEI.V energy • Realized record high cash flow from operatio 2022 Highlights
PEI 2022 audited financials captured the significant (continued) reorganization and business achievements resulting in the current financial position compared to the previous year.
• Increased oil and gas revenue by 3-fold to $13,904,287
• Improved margin by drastically reducing operating costs to $38.66/boe.
• Realized record high cash flow from operations of $5,382,013 (34.52/boe) • Increased the before tax NPV@10% cash flow by 30% to $72.5 million.