NNOUNCEMENT OF RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023
For Q2 2023, net profit and comprehensive profit attributable to owners of the Company was approximately CAD 5.7 million, compared to a net profit and comprehensive profit attributable to owners of the Company of approximately CAD 46.2 million in Q2 2022.
As at June 30, 2023, December 31, 2022 and June 30, 2022, the Corporation notes the following selected financial figures.
|
For the three months ended June 30, (Canadian $000s)
|
|
2023 |
2022 |
|
Net profit (loss) attributable to owners of the Company |
|
5,745 |
46,173 |
|
Average Dilbit sales (bbl/day) |
|
1,524.8 |
53.5 |
|
(Canadian $000s) |
|
June 30, 2023 |
December 31, 2022 |
|
|
|
|
|
|
Property, plant and equipment |
|
481,953 |
485,222 |
|
Exploration and evaluation assets |
|
235,657 |
235,044 |
|
Shareholders’ equity |
|
104,030 |
110,009 |
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 11, 2023
Calgary, August 11, 2023
As at the date of this announcement, 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 and Mr. Guangzhong Xing as independent non-executive directors.
* For identification purposes only