Brownstone Energy Inc. Releases Unaudited Results for the Three Months Ended September 30, 2013
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/28/13 -- Brownstone Energy Inc. (TSX VENTURE: BWN)(OTCQX: BWSOF) ("Brownstone" or the "Company") today announces its unaudited results for the three months ended September 30, 2013.
As at September 30, 2013, the Company had cash and cash equivalents of $7.7 million as compared to $9.6 million as at June 30, 2013. Investments at fair value totaled $2.1 million as at September 30, 2013 as compared to $1.7 million as at June 30, 2013. Also, as at September 30, 2013, exploration and evaluation assets totaled $16.5 million as compared to $17.3 million as at June 30, 2013.
Financial Highlights for the three months ending September 30, 2013 with comparatives:
During the three months ended September 30, 2013, the Company spent cash (net of oil sales) of $1.1 million on exploration and evaluation assets as compared to $5.6 million during the three months ended September 30, 2012.
Brownstone is currently participating in several oil and gas exploration projects based in Colombia, Israel, United States (Colorado/Utah and Oregon), and Argentina.
About Brownstone
Brownstone Energy Inc. is a Canadian-based, energy focused company with direct interests in oil and gas exploration projects in several countries, including off-shore Israel and in the Llanos basin, Colombia. By owning and managing a diversified portfolio of energy-based projects, Brownstone provides shareholders with a unique energy alternative. For additional information, please see Brownstone's website: .
Neither 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.
Contacts:
Brownstone Energy Inc.
Jonathan Schroeder, P. Geoph.
President and COO
(403) 660-2894
Brownstone Energy Inc.
Richard Patricio
Vice-President Corporate and Legal Affairs
(416) 941-8900
Brownstone Energy Inc.
Gerry Feldman, CPA, CA
Chief Financial Officer
(416) 643-3884
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Datum: 28.11.2013 - 21:00 Uhr
Sprache: Deutsch
News-ID 321145
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Oil & Gas
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