ANNOUNCEMENT OF RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2022
For 2Q 2022, net profit and comprehensive income attributable to equity holders of the Group increased by 303% to approximately CAD 46.2 million (equivalent to approximately HKD 281.3 million), compared to a net loss attributable to equity holders of approximately CAD 22.8 million in 2Q21.
As at June 30, 2022, December 31, 2021 and June 30, 2021, the Corporation notes the following selected financial figures.
|
For the three months ended June 30, |
2022 |
2021 |
|
Net profit (loss) attributable to equity holders (CAD $000s) |
46,173 |
(22,791) |
|
Net profit (loss) attributable to equity holders (HK $000s) |
281,175 |
(142,808) |
|
Average dilbit sales (bbl/day) |
53.5 |
0 |
|
|
|
|
|
(Canadian $000s) |
June 30, 2022 |
December 31, 2021 |
|
Property, plant and equipment |
579,908 |
477,624 |
|
Exploration and evaluation assets |
273,185 |
255,696 |
|
Shareholders’ equity |
278,698 |
176,367 |
The quarterly results and the unaudited condensed consolidated financial statements have been reviewed by the Company’s Audit Committee but have not been audited.
Hong Kong, August 12, 2022
Calgary, August 11, 2022
As at the date of this Company Information Sheet, the Board consists of Mr. Kwok Ping Sun and Ms. Gloria Pui Yun Ho as executive directors; Mr. Michael John Hibberd, Ms. Linna Liu and Ms. Xijuan Jiang as non-executive directors; and Mr. Yi He, Mr. Alfa Li and Mr. Guangzhong Xing as independent non-executive directors.
*For identification purposes only