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Petrodorado Files 2015 Financial Results, Annual Information Form, and Management Discussion & Analysis

FSCWIRE

Petrodorado Files 2015 Financial Results, Annual Information Form, and Management Discussion & Analysis

Not For Dissemination in the United States or For Distribution to U.S. Wire Services

Calgary, Alberta (FSCwire)Petrodorado Energy Ltd. (“Petrodorado” or the “Company“) (TSXV-PDQ) has filed its 2015 Year Financial Results, Annual Information Form and Management Discussion & Analysis.

FINANCIAL STATEMENTS

Highlights include:

  • Total available funds of $16.1 million *
  • Working capital of $16.6 million
  • Elimination of the vast majority of contractual commitments

$ (U.S. dollars)

Year ended

December 31, 2015

Year ended

December 31, 2014

Available funds *

16,056,462

16,252,425

Working Capital

16,639,207

12,390,976

Exploration and Evaluation Assets

10,700,000

Total Assets

18,052,279

33,479,435

Funds used in Operations

3,281,634

3,712,243

Net Loss for the year

9,526,535

60,416,458

Net Loss per Share, basic and diluted

0.20

1.25

* Constitutes the sum of cash and cash equivalents, short-term investments, and marketable securities.

Complete reports and statements are available on SEDAR at www.sedar.com and on the Company website www.petrodorado.com.

About Petrodorado Energy Ltd.

Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia. Its head office is located in Calgary, Alberta, Canada and Petrodorado’s common shares are traded on the TSXV under the trading symbol “PDQ”.

For further information, please contact:

Chris Reid, President and CEO

Lynn Chapman, VP Finance and CFO

Phone: (403) 800-9240

Email: info@petrodorado.com

Website: www.petrodorado.com

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.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/petrodorado04272016.pdf
Source: Petrodorado Energy Ltd. (TSX Venture:PDQ) http://www.petrodorado.com/

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