Petrodorado Files Financial Results and Management Discussion & Analysis for the First Quarter of 2014
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 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 $4.2 million in non-current restricted cash.
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$ (U.S. dollars)
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Period ended
March 31, 2014
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Period ended
March 31, 2013
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Available funds *
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17,227,411
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39,241,657
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|
Working Capital
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15,879,882
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32,886,376
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|
Exploration and Evaluation Assets
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65,164,805
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53,275,946
|
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Total Assets
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94,373,974
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103,907,891
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Funds used in Operations
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1,071,764
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483,171
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Net Income (Loss)
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(1,209,476)
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1,076,506
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Net Income (Loss) per Share, basic & diluted
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(0.00)
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0.00
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* 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:
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 this press release as a PDF file, click onto the following link:
public://news_release_pdf/petroderado05292014.pdfSource: Petrodorado Energy Ltd. (TSX Venture:PDQ) http://www.petrodorado.com/
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