Americas Petrogas Announces Third Quarter 2015 Results; Corporate and Operations Update
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 12/01/15 -- Americas Petrogas Inc. ("Americas Petrogas" or the "Company") (TSX VENTURE: BOE) announces that it has filed its third quarter 2015 consolidated financial statements and Management's Discussion and Analysis ("MD&A"). These filings can be accessed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) website: and on the Company's website at .
The following Summary of Selected Financial and Operational Highlights have been derived from the consolidated financial statements and MD&A. Readers are strongly encouraged to review the entire consolidated financial statements and MD&A.
All amounts are in Canadian dollars unless otherwise stated.
Summary of Selected Financial and Operational Highlights
Highlights and Recent Activities
CORPORATE
Operational Update
ARGENTINA
PERU
2016 CAPITAL BUDGET
To complete the above outlined work program in Argentina and Peru with an objective to enhance the value of the Company's assets, the Company is targeting capital spending in 2016 to be in the order of US$15.0 million to US$20.0 million. These capital expenditures are expected to be funded from existing cash on hand and by leveraging it to explore third party funding sources such as joint venture partners. A detailed work program and budget will be released in the first quarter of 2016 when cost estimates proposals are received from various third party contractors in Argentina and Peru and after further analysis.
For additional information on this financial and operational update, please see the Company's December 2015 corporate presentation at .
About Americas Petrogas Inc.
Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and unconventional shale oil and gas and tight sands oil and gas interests in numerous blocks in the Neuquen Basin of Argentina. Americas Petrogas and Indian Farmers Fertiliser Co-operative Limited (IFFCO) own GrowMax Agri Corp., a private company involved in the exploration for near-surface phosphates, potash and other minerals, and potential development of a fertilizer project in Peru.
Forward-Looking Information
Certain statements contained in this Press Release constitute "forward-looking information" as such term is used in applicable Canadian and US securities laws. Any information or statements contained herein that express or involve discussions with respect to predictions, expectations, plans, projections, objectives, assumptions or future events should be viewed as forward-looking information. Such information relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Such forward looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different than those results, performance or achievements expressed or implied by such forward looking information.
In particular, statements (express or implied) contained herein or in the Company's MD&A regarding the following should be considered as forward looking information: the Company's goals and growth strategy; targeted capital spending; work programs and budget; matters involving dissenting shareholders; future petroleum production levels, drilling activities, well tie-in activities, costs, concession renewals and possible joint venture partners on the Company's Argentina oil and gas properties; exploration efforts, drilling results and activities on the Bayovar concession (including results from the pilot evaporation pond and the expansion of such ponds); and timing, results and finding of all reports, economic assessments and feasibility studies on the Company's Bayovar concession.
In addition, information regarding the reserve and resource estimates attributable to the Company's oil and gas properties or mineral resource properties should be considered forward looking statements. In particular, the presence of phosphates in samples is not necessarily indicative that phosphates are capable of being successfully produced in commercial quantities or at all. There is no assurance reserves will be assigned to such phosphate-bearing formations. There is no assurance that future trenches will be dug or that future wells will be drilled on the Bayovar Property or that if dug/drilled, will be successful.
Additional forward-looking information is contained in the Company's interim MD&A, and reference should be made to the additional disclosures of the assumptions, risks and uncertainties relating to such forward-looking information in that document.
There is no assurance that such forward-looking information will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements contained in this Press Release. This cautionary statement expressly qualifies the forward-looking statements contained herein and in the MD&A.
Forward-looking information is based on management's beliefs, expectations, estimates and opinions on the date statements are made and the Company undertakes no obligation to update forward-looking information and whether the beliefs, expectations, estimates and opinions upon which such forward-looking information is based has changed, except as required by applicable law.
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 THE RELEASE.
Contacts:
Americas Petrogas Inc.
Abby Badwi
Executive Chairman
(403) 410-3104
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 436678
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Farming
Diese Pressemitteilung wurde bisher 160 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Americas Petrogas Announces Third Quarter 2015 Results; Corporate and Operations Update"
steht unter der journalistisch-redaktionellen Verantwortung von
Americas Petrogas Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
