Platino Energy Corp.

TSX VENTURE : PZE


Platino Energy Corp.

August 12, 2014 17:25 ET

Platino Energy Corp. Announces Second Quarter Financial Results

CALGARY, ALBERTA--(Marketwired - Aug. 12, 2014) - 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 share) Three Months Ended
June 30, 2014
Six Months Ended
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 investments 51,205 54,659
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

Contact Information

  • Platino Energy Corp.
    Bogota
    Tomas Villamil
    President & Chief Executive Officer
    +57(1) 235-0007

    Platino Energy Corp.
    Calgary
    Rafi Khouri
    +1(403) 930-0118