CALGARY, ALBERTA -- (Marketwired) -- 08/12/14 -- Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE: PZE) is pleased to announce the release of its unaudited consolidated financial results for the quarter ended June 30, 2014, together with its management's discussion and analysis, both of which will be made available on the Company's website at www.platinoenergy.com and SEDAR at www.sedar.com.
SUMMARY SECOND QUARTER FINANCIAL RESULTS
---------------------------------------------------------------------------- SELECTED FINANCIAL INFORMATION ---------------------------------------------------------------------------- (US$000s, except shares and data per Three Months Ended Six Months Ended share) June 30, 2014 June 30, 2014 ---------------------------------------------------------------------------- Net Gain (Loss) 114 (1,409) ---------------------------------------------------------------------------- Basic and diluted net loss per share $0.00 ($0.02) ---------------------------------------------------------------------------- Weighted average shares outstanding - Basic and Diluted 69,492,164 69,492,164 ---------------------------------------------------------------------------- Expenditures on E&E Assets 810 1,258 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- As at, June 30, 2014 December 31, 2013 ---------------------------------------------------------------------------- Cash and equivalents, and short term 51,205 54,659 investments ---------------------------------------------------------------------------- Working capital surplus 50,521 53,564 ---------------------------------------------------------------------------- Long-term debt - - ---------------------------------------------------------------------------- Total assets 109,941 112,302 ---------------------------------------------------------------------------- Common shares 69,492,164 69,492,164 ----------------------------------------------------------------------------
About Platino Energy
Platino is a Calgary, Alberta headquartered resource company engaged in the exploration for, and the acquisition, development and production of hydrocarbons in Colombia.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Contacts:
Platino Energy Corp.
Bogota
Tomas Villamil
President & Chief Executive Officer
+57(1) 235-0007
Platino Energy Corp.
Calgary
Rafi Khouri
+1(403) 930-0118
