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Share Name | Share Symbol | Market | Type |
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North Sea Energy | TSXV:NUK | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
TORONTO, ONTARIO--(Marketwired - May 28, 2014) - North Sea Energy Inc. ("NSE" or the "Company") (TSX-VENTURE:NUK) announces its unaudited financial results for the period ended March 31, 2014. The summary of the selected financial information should be read in conjunction with the Company's Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended March 31, 2014 dated May 28, 2014, which have been filed on SEDAR (www.sedar.com).
Highlights and recent events for the three months ended March 31, 2014
Selected Quarterly Information | ||||
As at and for the three months ended | ||||
March 31, 2014 (Unaudited) CAD ($) (except per share data) | March 31, 2013 (Unaudited) CAD ($) (except per share data) | |||
Assets | 4,026,550 | 19,956,011 | ||
Long-term liabilities | 3,590,987 | 4,950,794 | ||
Shareholders' Equity | (2,211,732 | ) | 11,679,388 | |
Revenues | 1,270 | 1,092,335 | ||
Loss before income tax expense | (345,555 | ) | (951,014 | ) |
Net loss | (345,555 | ) | (951,014 | ) |
Total comprehensive loss for the period | (442,854 | ) | (933,657 | ) |
Basic and diluted net loss per share | (0.0058 | ) | (0.0162 | ) |
Subsequent events
About North Sea Energy Inc.
North Sea Energy Inc. (TSX-VENTURE:NUK) is an oil and gas company that holds a portfolio of high impact interests focused on the Moray Firth in the offshore UK North Sea. These interests include Bagpuss and Blofeld (blocks 13/24c and 13/25), Norfolk (blocks 12/16b and 12/17b), Cloud (block 14/29b), Del Monte (block 19/3) and Golden Phoenix (block 18/10a).
Forward-looking statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.
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 this release.
North Sea Energy Inc.Craig Anderson(416) 366-4700canderson@northseaenergy.caAuburn Partners Inc.Wesleigh Carusi647-430-8760info@auburnpartners.com
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