CWV: TSX.V
KALGARY, AB, Agosto 11, 2023 – (TSXV: CWV) Crown Point Energy Inc. (“Crown Point”, the “Company” or “we“) today announced its financial and operating results for the three and six months ended June 30, 2023.
Selected information is outlined below and should be read in conjunction with the Company’s June 30, 2023 unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A“) that are being filed with Canadian securities regulatory authorities and will be made available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.crownpointenergy.com. All dollar figures are expressed in United States dollars (“USD”) unless otherwise stated.
SUMMARY OF FINANCIAL INFORMATION
|
(expressed in $, except shares outstanding) |
June 30 2023 |
December 31 2022 |
|
Current assets |
8,345,860 |
9,852,182 |
|
Current liabilities |
(18,230,078) |
(11,125,229) |
|
Working capital (1) |
(9,884,218) |
(1,273,047) |
|
Exploration and evaluation assets |
14,114,197 |
14,115,555 |
|
Property and equipment |
42,170,347 |
43,963,610 |
|
Total assets |
64,793,224 |
68,183,547 |
|
Non-current financial liabilities (1) |
11,801,366 |
16,055,005 |
|
Share capital |
56,456,328 |
56,456,328 |
|
Total common shares outstanding |
72,903,038 |
72,903,038 |
|
(expressed in $, except shares outstanding) |
Three months ended |
Six months ended |
||
|
June 30 |
June 30 |
|||
|
2023 |
2022 |
2023 |
2022 |
|
|
Oil and natural gas sales revenue |
6,733,782 |
8,214,263 |
13,834,340 |
13,702,094 |
|
Loss before taxes |
(3,272,867) |
(400,454) |
(5,666,062) |
(2,135,406) |
|
Net loss |
|
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