ANNOUNCEMENT OF RESULTS
For Q3 2023, net loss and comprehensive loss attributable to owners of the Company was approximately CAD 15.7 million, compared to a net profit and comprehensive profit attributable to owners of the Company of approximately CAD 322.9 million in Q3 2022.
As at September 30, 2023, December 31, 2022 and September 30, 2022, the Corporation notes the following selected financial figures.
|
For the three months endedSeptember 30, (Canadian $000s)
|
|
2023 |
2022 Restated |
|
Net profit (loss) attributable to owners of the Company |
|
(15,686) |
322,945 |
|
Average Dilbit sales (bbl/day) |
|
10.6 |
989.7 |
|
(Canadian $000s) |
|
September 30, 2023 |
December 31, 2022 |
|
|
|
|
|
|
Property, plant and equipment |
|
479,174 |
485,222 |
|
Exploration and evaluation assets |
|
236,566 |
235,044 |
|
Shareholders’ equity |
|
88,272 |
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, November 10, 2023
Calgary, November 9, 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