New Stratus Energy Announces MOU with PDVSA Qualified Private Company
Calgary, Alberta--(Newsfile Corp. - August 2, 2023) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") announces the signing of a MOU with GoldPillar International Fund SPC Ltd. ("GoldPillar"), a private entity organized and existing under the laws of the British Virgin Islands and which is in negotiations with Petroleos de Venezuela S.A. ("PDVSA"), the Venezuelan national oil company, to partner in mixed companies to develop oil and gas assets in Venezuela.New Stratus will beneficially hold...
2023-08-02 8:30 AM EDT
New Stratus Energy Announces Tax Credit Refund and Provides Working Capital Update
Calgary, Alberta--(Newsfile Corp. - July 12, 2023) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") announces that during the period of negotiations between Petrolia S.A. ("Petrolia"), a wholly-owned subsidiary of New Stratus, and the Government of Ecuador, specifically the Ministry of Energy and Mines ("MEM"), because of the Notice of Controversy submitted by Petrolia in November 2022 in accordance with Clause 33 of the Petroleum Contracts for Blocks 16 and 67, the Consortium Block 16 (the...
2023-07-12 1:38 PM EDT
New Stratus Energy Announces Consolidated Financial Results for Three Months Ended March 31, 2023, Signing of MOU & Warrant Extension
Calgary, Alberta--(Newsfile Corp. - May 30, 2023) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with a vendor to acquire operatorship and a high working interest in a light oil production block. Confirmatory due diligence is ongoing and specific acquisition details will be provided upon signing of a definitive agreement. Additionally the consolidated financial and operating results for the three...
2023-05-30 6:42 PM EDT
New Stratus Energy Announces Consolidated Financial Results for the Nine Months Ended December 31, 2022
Calgary, Alberta--(Newsfile Corp. - May 2, 2023) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce its consolidated financial and operating results for the nine months ended December 31, 2022.Nine Month Highlights :Revenues of $93.3 million Funds flow from operations1 of $25.1 million ($0.21 per share)Adjusted EBITDA1 of $30.9 million ($0.26 per share) Adjusted working capital 1of $34.6 million ($0.30 per share).(1) This is a non-GAAP financial measure...
2023-05-02 10:30 AM EDT
New Stratus Energy Provides Corporate Update
Calgary, Alberta--(Newsfile Corp. - February 27, 2023) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to provide the following updates:Corporate UpdatesThe Corporation has successfully completed all 2022 year end accrued sales of crude and expects to maintain the cash and receivables per share of CAD$0.30 as at March 31, 2023, as previously announced. The Corporation is changing its year end from March 31 to December 31 effective immediately; accordingly, a stub 9...
2023-02-27 8:30 AM EST
New Stratus Energy Provides Update on Ecuador Assets and Announces Intention to Pursue International Arbitration
Calgary, Alberta--(Newsfile Corp. - December 5, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") announces that following a meeting in Quito, Ecuador among the Corporation and the President of Ecuador, Guillermo Lasso and his Minister of Energy, Fernando Santos, the Government of Ecuador (the "Government") informed the Corporation and its advisors that it does not intend to fulfill its legal and contractual obligation to appoint the required Negotiations Committee for the extension and migration of...
2022-12-05 8:30 AM EST
New Stratus Energy Announces Quarterly Revenue, Funds Flow, EBITDA, Cash & Working Capital
Calgary, Alberta--(Newsfile Corp. - November 29, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") is pleased to announce its financial and operating results for the three months ended September 30, 2022.Quarterly HighlightsQuarterly revenue of $29.5 million Quarterly funds flow from operations (1) of $9.0 million ($0.08 per share)Quarterly adjusted EBITDA (1) of $10.5 million ($0.09 per share) Ended the quarter with a cash balance of $8.6 million ($0.07 per share) and working capital of...
2022-11-29 8:30 AM EST
New Stratus Energy Announces Letter of Intent with the Waorani Nationality of Ecuador -NAWE-
Calgary, Alberta--(Newsfile Corp. - November 10, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce it has entered into a letter of intent (the "LOI") with the Waorani Nationality of Ecuador -NAWE- ("Waorani Nationality"). The LOI signed between Petrolia Ecuador, New Stratus' Ecuadorian Subsidiary, outlines the terms and conditions for the extension, maintenance and enhancement of the agreement currently in place between the Corporation and the Waorani Nationality (the "Waemo Kewingi Agreement"),...
2022-11-10 8:30 AM EST
New Stratus Energy Announces Consolidation of Final Partner Interest in Blocks 16 & 67
Calgary, Alberta--(Newsfile Corp. - October 24, 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 the Corporation's third and final working interest partner (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...
2022-10-24 8:30 AM EDT
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
New Stratus Energy Announces Selected Preliminary Q4 2022 Operational Results, Option Grant and Corporate Updates
Calgary, Alberta--(Newsfile Corp. - May 2, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce preliminary operational results for the three months ended March 31, 2022 (being fiscal Q4 2022, "Q4 2022"). On January 14, 2022, the Company completed the acquisition (the "Acquisition") of all of the issued and outstanding shares of Repsol Ecuador S.A., and therefore Q4 2022 marks New Stratus' first quarter as the 35% operated working interest partner in...
2022-05-02 8:30 AM EDT
New Stratus Energy Completes Acquisition of Shares of Repsol Ecuador S.A. from Affiliates of Repsol S.A.
Calgary, Alberta--(Newsfile Corp. - January 14, 2022) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that further to its news release dated October 20, 2020 (link), it has closed the previously disclosed transaction with affiliates of Repsol S.A. (the "Sellers") for the transfer of the shares ("Shares") of Repsol Ecuador S.A. to New Stratus (the "Transaction") on terms equivalent to those previously disclosed. The Corporation now holds an indirect 35% operated working...
2022-01-14 7:50 AM EST
CORRECTION FROM SOURCE: New Stratus Energy Announces Ecuadorian Regulatory Approvals for the Transfer of the Shares of Repsol Ecuador S.A.
Certain clarifications have been made at the request of IIROC and the TSXV.Calgary, Alberta--(Newsfile Corp. - November 19, 2021) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that, further to its news release dated October 20, 2020 (link), it has received the approvals by the Ministry of Energy and Non-Renewable Natural Resources of Ecuador and the Ecuadorian Antitrust Authority (Superintendencia de Control del Poder de Mercado) for the transfer of the shares...
2021-11-19 12:32 PM EST