Welcome to our dedicated page for New Stratus news (Ticker: RDRIF), a resource for investors and traders seeking the latest updates and insights on New Stratus stock.
New Stratus Energy Inc (RDRIF) is a leading energy company based in Calgary, Alberta, with a focus on sustainable oil and gas production. Engaged in the exploration, development, and production of high-quality reserves, the company has seen significant growth in recent years. With a strong portfolio of assets and strategic partnerships, New Stratus Energy is committed to innovation and environmental stewardship in the energy sector.
New Stratus Energy announced its financial results for the quarter ending March 31, 2024. The company reported a working capital of $26.57 million ($0.21 per basic share) and an adjusted working capital of $35.09 million ($0.28 per fully diluted share). NSE posted a net loss of $4.56 million ($0.04 per share). Goldpillar contributed $1.41 million in revenue and $1.33 million in adjusted EBITDA. Operational updates include successful interventions on several wells and the installation of infrastructure to support future production. NSE aims to increase production rates and reactivating 41 wells by the end of 2024.
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