New Stratus Energy Inc.

Recent News

  • New Stratus Energy Announces Further Consolidation of Partner Interest in Blocks 16 & 67 and Corporate Updates

    Calgary, Alberta--(Newsfile Corp. - October 3, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce it has entered into a share purchase agreement (the "Agreement") with one of the Corporation's working interest partners (the "Vendor") in Blocks 16 and 67 in Ecuador (the "Blocks") to acquire the Vendor's entire working interest in the Blocks, held by the Vendor's wholly owned subsidiary (the "Target"). Pursuant to the Agreement, the Corporation will acquire...

    2022-10-03 8:30 AM EDT
  • New Stratus Energy Announces Acquisition of Partner Interest in Blocks 16 & 67

    Calgary, Alberta--(Newsfile Corp. - September 8, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce it has entered into an asset purchase agreement (the "Agreement") with one of the Corporation's working interest partners (the "Vendor") in Blocks 16 and 67 in Ecuador (the "Blocks") to acquire the Vendor's entire working interest in the Blocks. Pursuant to the Agreement, the Corporation will acquire an additional undivided 31% working interest (the "Acquired Interest")...

    2022-09-08 1:36 PM EDT
  • New Stratus Energy Announces Record Quarterly Revenue, Funds Flow, EBITDA, Cash & Working Capital

    Calgary, Alberta--(Newsfile Corp. - August 29, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce its financial and operating results for the three months ended June 30, 2022.Quarterly HighlightsRecord quarterly revenue of $33.2 million Record quarterly funds flow from operations1 of $20.8 million ($0.18 per share)Record quarterly adjusted EBITDA1 of $19.7 million ($0.17 per share) Ended the quarter with a cash balance of $26.4 million ($0.24 per share) and working capital of...

    2022-08-29 8:30 AM EDT
  • New Stratus Energy Announces Fourth Quarter and Year End 2022 Financial and Operating Results & 2022 Reserves

    Calgary, Alberta--(Newsfile Corp. - August 2, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce its financial and operating results for the three months and year ended March 31, 2022, our first quarter incorporating the acquisition of 100% of the shares of Repsol Ecuador S.A., which was completed on January 14, 2022. Subsequent to the year end, Repsol Ecuador S.A. completed a corporate name change to Petrolia Ecuador S.A. Selected financial and...

    2022-08-02 8:30 AM EDT
  • New Stratus Energy Announces Normal Course Issuer Bid

    Calgary, Alberta--(Newsfile Corp. - July 13, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that the board of directors of the Corporation has approved a normal course issuer bid (the "Bid") to be transacted through the facilities of TSX Venture Exchange (the "Exchange"). The Bid is intended to commence on July 20, 2022 and will end on July 19, 2023, unless earlier completed or terminated by New Stratus. The Bid remains...

    2022-07-13 1:39 PM EDT
  • New Stratus Energy Comments on Its Operations in Ecuador

    Calgary, Alberta--(Newsfile Corp. - June 20, 2022) -  New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") announces that oil production in Blocks 16 and 67 in Ecuador has not been disrupted by the recent indigenous demonstrations in Ecuador. New Stratus announces that current production is approximately 15,819 barrels of oil per day. The Pompeya pumping station located outside Blocks 16 and 67 resumed normal operations on Saturday, June 18 to pump the oil to the connecting...

    2022-06-20 1:59 PM EDT
  • New Stratus Energy and EP Petroecuador Enter into Memorandum of Understanding to Develop Megablock in Eastern Ecuador

    Calgary, Alberta--(Newsfile Corp. - June 6, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that Ecuador's state-owned oil company, "EP Petroecuador", has entered into a Memorandum of Understanding ("MOU") with New Stratus with the purpose of optimizing and speeding up the development and production of its oil fields in blocks 43 (ITT) and 31, minimizing the environmental impact, during a joint meeting between authorities of the Government of Ecuador, EP Petroecuador...

    2022-06-06 8:30 AM EDT
  • New Stratus Energy Announces LOI with Baker Hughes

    Calgary, Alberta--(Newsfile Corp. - May 20, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce the execution of a letter of intent (the "LOI") with Baker Hughes Services International, S.A.S. ("Baker Hughes"), an energy technology company with a global presence, including in Ecuador. As previously disclosed on November 19, 2021, New Stratus, through Petrolia Ecuador S.A. (former Repsol Ecuador S.A.), as operator, intends to invest approximately $200 million in 2022 and 2023...

    2022-05-20 8:30 AM EDT