New Stratus Energy Inc.

New Stratus Energy Inc. is pleased to announce it has entered into a letter of intent with the Waorani Nationality of Ecuador -NAWE- . The LOI signed between Petrolia Ecuador, New Stratus' Ecuadorian Subsidiary, outlines the terms and conditions for the extension, maintenance and enhancement of the agreement currently in place between the Corporation and the Waorani Nationality , which outlines cooperation between the [...]

New Stratus Energy Inc. is pleased to announce it has entered into a share purchase agreement with the Corporation's third and final working interest partner in Blocks 16 and 67 in Ecuador to acquire the Vendor's entire working interest in the Blocks, held by the Vendor's wholly owned subsidiary . Pursuant to the Agreement, the Corporation will acquire all of the issued and outstanding common shares of the Target from the [...]

New Stratus Energy Inc. is pleased to announce it has entered into a share purchase agreement with one of the Corporation's working interest partners in Blocks 16 and 67 in Ecuador to acquire the Vendor's entire working interest in the Blocks, held by the Vendor's wholly owned subsidiary . Pursuant to the Agreement, the Corporation will acquire all of the issued and outstanding common shares of the Target from the Vendor [...]

New Stratus Energy Inc. is pleased to announce it has entered into an asset purchase agreement with one of the Corporation's working interest partners in Blocks 16 and 67 in Ecuador to acquire the Vendor's entire working interest in the Blocks. Pursuant to the Agreement, the Corporation will acquire an additional undivided 31% working interest in the service contracts for the Blocks for total consideration of [...]

New Stratus Energy Inc. is pleased to announce its financial and operating results for the three months ended June 30, 2022. Quarterly Highlights Record quarterly revenue of $33.2 million Record quarterly funds flow from operations1 of $20.8 million Record quarterly adjusted EBITDA1 of $19.7 million Ended the quarter with a cash balance of $26.4 million and working capital of $43.2 million . This is a non-GAAP financial [...]

New Stratus Energy Inc. is pleased to announce its financial and operating results for the three months and year ended March 31, 2022, our first quarter incorporating the acquisition of 100% of the shares of Repsol Ecuador S.A., which was completed on January 14, 2022. Subsequent to the year end, Repsol Ecuador S.A. completed a corporate name change to Petrolia Ecuador S.A. Selected financial and operational information [...]

New Stratus Energy Inc. is pleased to announce that the board of directors of the Corporation has approved a normal course issuer bid to be transacted through the facilities of TSX Venture Exchange . The Bid is intended to commence on July 20, 2022 and will end on July 19, 2023, unless earlier completed or terminated by New Stratus. The Bid remains subject to approval from the Exchange. Under the Bid, New Stratus may [...]

New Stratus Energy Inc. announces that oil production in Blocks 16 and 67 in Ecuador has not been disrupted by the recent indigenous demonstrations in Ecuador. New Stratus announces that current production is approximately 15,819 barrels of oil per day. The Pompeya pumping station located outside Blocks 16 and 67 resumed normal operations on Saturday, June 18 to pump the oil to the connecting station with Oleoducto de [...]

New Stratus Energy Inc. is pleased to announce that Ecuador's state-owned oil company, "EP Petroecuador", has entered into a Memorandum of Understanding with New Stratus with the purpose of optimizing and speeding up the development and production of its oil fields in blocks 43 and 31, minimizing the environmental impact, during a joint meeting between authorities of the Government of Ecuador, EP Petroecuador and the [...]

New Stratus Energy Inc. is pleased to announce the execution of a letter of intent with Baker Hughes Services International, S.A.S. , an energy technology company with a global presence, including in Ecuador. As previously disclosed on November 19, 2021, New Stratus, through Petrolia Ecuador S.A. , as operator, intends to invest approximately $200 million in 2022 and 2023 to drill/recomplete development wells on Blocks 16 [...]