checkAd

     346  0 Kommentare North Sea Energy Announces Third Quarter 2014 Results

    TORONTO, ONTARIO--(Marketwired - Nov. 27, 2014) - North Sea Energy Inc. ("NSE" or the "Company") (TSX VENTURE:NUK) announces its unaudited financial results for the period ended September 30, 2014. The summary of the selected financial information should be read in conjunction with the Company's Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended September 30, 2014 dated November 27, 2014, which have been filed on SEDAR (www.sedar.com).

    Highlights and recent events for the three months ended September 30, 2014

    • On August 14, 2014, the Bagpuss joint-venture partners received approval from DECC to convert the Bagpuss licence from a promote licence to a traditional licence which includes a firm drilling commitment
    • In September 2014, the Bagpuss Site Survey was completed. The purpose of the survey was to collect high resolution digital seismic, soils data and a full range of environmental data that is required by the Department of Energy and Climate Control ("DECC") prior to drilling of the initial Bagpuss well.
    • NSE continued to reduce its general and administrative (G&A) costs by 30% during the nine months ended September 30, 2014 compared to the nine months ended September 30, 2013 (Q3 2014; $758,104; Q3 2013: $1,080,860).

    SELECTED QUARTERLY INFORMATION

    As at
    September 30,
    2014
    (Unaudited)
    CAD ($)
    December 31,
    2013
    (Unaudited)
    CAD ($)
    September 30,
    2013
    (Unaudited)
    CAD ($)
    Assets 3,186,242 4,932,541 15,603,622
    Long-term liabilities 3,633,178 3,497,383 7,348,127
    Shareholders' (Deficit) Equity (3,203,674 ) (1,852,878 ) 5,729,672
    For the three months ended For the nine months ended
    September 30,
    Seite 1 von 3



    Verfasst von Marketwired
    North Sea Energy Announces Third Quarter 2014 Results TORONTO, ONTARIO--(Marketwired - Nov. 27, 2014) - North Sea Energy Inc. ("NSE" or the "Company") (TSX VENTURE:NUK) announces its unaudited financial results for the period ended September 30, 2014. The summary of the selected financial information …