PetroShale Announces Year End 2020 Financial Results and Reserves and Provides 2021 Guidance newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
“Adjusted funds flow”, “adjusted funds flow per share, basic and diluted”, “adjusted funds flow per boe”, “operating income” and “operating netback per boe” do not have a standardized meaning under International Financial Reporting Standards (IFRS) and GAAP and therefore may not be comparable with the calculations of similar measures for other companies. “Adjusted funds flow” adjusts for decommissioning expenditures from funds flow. Please refer to “Non-GAAP Financial Measures” and “BOE equivalent” at the end of this news release and to the section entitled “Non-GAAP Measures” in our MD&A for details of calculations, rationale for use and applicable reconciliation to the nearest IFRS measure.
PetroShale Announces Year End 2020 Financial, Operating and Reserves Highlights
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CALGARY, AB, March 15, 2021 /CNW/ - PetroShale Inc. ( PetroShale or the Company ) (TSXV: PSH) (OTCQB: PSHIF) is pleased to provide preliminary unaudited financial and operating results for the three and twelve month periods ended December 31, 2020, as well as summary highlights from our independent corporate reserves evaluation prepared by Netherland, Sewell & Associates, Inc. ( NSAI ) with an effective date of December 31, 2020 (the NSAI Report ). The Company anticipates issuing and filing on SEDAR its full audited annual financial statements, MD&A and statement of reserves data for the year ended December 31, 2020 on or about March 23, 2021.