Platino Energy Corp. Announces Year End 2013 Financial Results

Platino Energy Corp. Announces Year End 2013 Financial Results
  
 

CALGARY, ALBERTA--(Marketwired - Mar 13, 2014) - Platino Energy Corp. ("Platino" or the "Company") (TSX-VENTURE:PZE) announces the release of its audited consolidated financial results for the year and quarter ended December 31, 2013, together with its management's discussion and analysis, both of which will be made available on the Company's website at www.platinoenergy.com and SEDAR at www.sedar.com.

SUMMARY YEAR END 2013 FINANCIAL RESULTS
SELECTED FINANCIAL INFORMATION
(US$000s, except shares and data per share)	Year Ended			Year Ended
	December 31, 2013			December 31, 2012
Net gain / (loss)		(14,995	)		(1,320	)
Basic and diluted net gain / (loss) per share	$	(0.22	)	$	(0.02	)
Weighted average shares outstanding
- Basic and Diluted		68,343,397			67,942,164
Expenditures on E&E Assets		18,340			10,384

	December 31, 2013	December 31, 2012
Cash and equivalents, and short term investments	54,659	89,518
Working capital surplus	53,564	79,268
Long-term debt	-	-
Total assets	112,302	141,574
Common shares	69,492,164	67,942,164

About Platino Energy

Platino is a Calgary, Alberta headquartered resource company engaged in the exploration for, and the acquisition, development and production of hydrocarbons in Colombia.

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

Platino Energy Corp.BogotaTomas VillamilPresident & Chief Executive Officer+57(1) 235-0007Platino Energy Corp.CalgaryTyler RimbeyVice President, Business Development+1(403) 262-6046Platino Energy Corp.Andres Cuenca LController & Interim CFO+57(1) 235-0007