Amerisur Res Plc (ASUXF) 0.3700 $ASUXF Petrodorado

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Amerisur Res Plc (ASUXF) 0.3700 $ASUXF

Petrodorado Announces Details Surrounding Issuance of Return of Capital
Filing Services Canada XHTML - Wed Mar 16, 3:32PM CDT

PDQ.VN: 0.015 (+0.005)

Petrodorado Announces the Divestiture of the Talora Block and the Receipt of Payment of Amerisur Shares
Filing Services Canada XHTML - Tue Feb 09, 3:34PM CST

PDQ.VN: 0.015 (+0.005)

Petrodorado Provides a Company Update
Filing Services Canada XHTML - Tue Dec 15, 6:02AM CST

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Petrodorado Announces the Receipt of Amerisur Shares as Part Of Divestiture
Filing Services Canada XHTML - Tue Oct 06, 5:34PM CDT

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Petrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter of 2015 and Provides Company Update
Filing Services Canada - Mon Aug 31, 5:11PM CDT
Petrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter of 2015 and Provides Company Update 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 interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2015. Financial Statements Highlights include: Total available funds of $12.2 million * Working capital of $17.1 million, plus $0.3 million in non-current restricted cash. To view this table, please either click on the link below, or copy and paste the link into your browser: * Constitutes the sum of cash and cash equivalents and short-term investments. All amounts expressed herein are in US dollars. The interim Financial Results for the period ended June 30, 2015 present the effects of the recent divestiture of the Companys participating interest in the CPO-5 and Tacacho Blocks as announced in the Company press release dated June 29, 2015. This divestiture by way of a definitive agreement with Amerisur Resources PLC (Amerisur) has strengthened the Companys balance sheet and eliminated commitments of up to $25.6 million over the next five years while having enabled the Company to participate in immediate and long-term upside through a Gross Overriding Royalty in the CPO-5 and Tacacho Blocks. To date, the Company has received $2.4 million in cash and 5,148,447 common shares of Amerisur in accordance with the agreement. Two further payments of $1.5 million each are still to be received by the Company three and six months from the date that the transaction was closed. Complete reports and statements are available on SEDAR at www.sedar.com and on the Company website www.petrodorado.com. Company Update Management and the Board of Directors continue to actively review additional corporate opportunities and assets that may be available to Petrodorado in various industries in South America. At this time all projects are being contemplated and there is no guarantee that any particular one will be completed. Most importantly, the Company remains committed to prudently manage its cash position and seeks to enhance shareholder value in this challenging oil and gas environment. In addition to the royalty interests retained in the CPO-5 and Tacacho Blocks, Petrodorado continues to maintain participating interests in certain exploration blocks including the Talora and La Maye Blocks in Colombia. The Company will continue to pursue the best course of action for these and its other exploration blocks that is deemed to be consistent with Petrodorados current review of additional corporate opportunities in order to provide the best value to its shareholders. About Petrodorado Energy Ltd. Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia and California USA. Its head office is located in Calgary, Alberta, Canada and Petrodorados common shares are traded on the TSXV under the trading symbol PDQ. For further information, please contact: Chris Reid, Interim President and CEO Phone: (403) 800-9240 Email: info@petrodorado.com Website: www.petrodorado.com Forward Looking Statements: This news release includes information that constitutes forward-looking information or forward-looking statements. More particularly, this news release contains statements concerning expectations regarding the possibility of the implementation of a transaction and the expected timing thereof, drilling and operational opportunities and the timing associated therewith in addition to the potential exploration and development opportunities and expectations regarding regulatory approval and the overall strategic direction of the Company. The forward-looking statements contained in this document, including expectations and assumptions concerning the obtaining of the necessary regulatory approvals, including ANH approval, and the assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. A multitude of factors can cause actual events to differ significantly from any anticipated developments and although the Company believes that the expectations represented by such forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements because there can be no assurance that such expectations will be realized. Material risk factors include, but are not limited to: the inability to obtain regulatory approval, including ANH approval, for the transfer of participating interests and/or operatorship for the Companys properties, the risks of the oil and gas industry in general, such as operational risks in exploring for, developing and producing crude oil and natural gas, market demand and unpredictable shortages of equipment and/or labour; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; fluctuations in oil and gas prices, foreign currency exchange rates and interest rates, and reliance on industry partners. Neither the Company nor any of its subsidiaries nor any of its officers, directors or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does any of the foregoing accept any responsibility for the future accuracy of the opinions expressed in this document or the actual occurrence of the forecasted developments. The forward-looking statements contained in this document are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. 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: http://www.fscwire.com/sites/default/files/ne...312015.pdf Source: Petrodorado Energy Ltd. (TSX Venture DQ) http://www.petrodorado.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
PDQ.VN: 0.015 (+0.005)

Petrodorado Announces the Divestiture of the CPO-5 and Tacacho Blocks  
Filing Services Canada XHTML - Mon Jun 29, 6:34AM CDT

PDQ.VN: 0.015 (+0.005)

Petrodorado Announces the Divestiture of the CPO-5 and Tacacho Blocks
Filing Services Canada - Mon Jun 29, 6:34AM CDT
Petrodorado Announces the Divestiture of the CPO-5 and Tacacho Blocks 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) is pleased to announce that it has divested its interest in the CPO-5 and Tacacho Blocks. Petrodorado has divested its participating interest in the CPO-5 and Tacacho Blocks. This transaction strengthens the Companys balance sheet and eliminates commitments of up to $25.6 million over the next 5 years (all amounts in United States dollars) while enabling the Company to participate in immediate and long-term upside through a Gross Overriding Royalty (GOR) in the CPO-5 and Tacacho Blocks. Petrodorado has conducted this transaction with Amerisur Resources PLC (Amerisur), who Petrodorado believes has the ability and resources to bring success to the CPO-5 and Tacacho Blocks. This transaction will provide Petrodorado shareholders with added benefit through a GOR of 2.5% on both assets. Amerisur has strong financial capacity and a proven successful track record in the country of Colombia, especially in the Putumayo Basin where the Tacacho Block is located. Mr. Chris Reid, Interim CEO and President. This transaction will bring stability to the Company and reduce its immediate capital expenditures and commitments. Petrodorado will have a strong balance sheet and will be able to participate in the future success of the two blocks through the Royalty. Amerisur is the right company to help bring success to these blocks, from which Petrodorado and its shareholders will benefit. Transaction on the CPO-5 Block & Tacacho Block The Company reached an agreement with Amerisur Resources PLC to sell all of the issued and outstanding shares of its wholly owned subsidiary Petrodorado South America S.A. resulting in it divesting its 30% beneficial ownership in the CPO-5 Block and 49.5% beneficial ownership in the Tacacho Block for the following consideration: $6 million to be paid in cash or common shares of Amerisur, based on the 30 day VWASP, at the election of Amerisur. This consideration shall be paid as follows: (a) $3 million on the closing date of the transaction, (b) $1.5 million on the date that is three months from the closing date, and (c) $1.5 million on the date that is six months from the closing date. Amerisur shall pay Petrodorado an amount which represents the equivalent of the existing term deposit plus accrued interest held by the Agencia Nacional de Hidrocarburos (ANH) for commitments existing on the CPO-5 Block of approximately $1.92 million. Amerisur shall pay Petrodorado an amount which represents the equivalent of the existing term deposit plus accrued interest held by the ANH for commitments existing on the Tacacho Block of approximately $0.44 million. Amerisur will also provide Petrodorado with a 2.5% GOR that will be calculated on Amerisurs percentage of oil production resulting from the CPO-5 and Tacacho Blocks after all applicable government royalties, which include an 8% Royalty on both CPO-5 and Tacacho as well as an additional 23% X-factor on CPO-5. This is subject to change depending on cumulative production and other governmental provisions. Petrodorado will pay 50% of the costs of the acquisition of seismic on the CPO-5 Block in the North West corner of the block, for which the budget is $4.8 million on a net working interest basis. Amerisur will reimburse Petrodorado for the seismic costs by granting Petrodorado an additional GOR of 2.5% that will be calculated after all applicable government Royalties and will be paid to the extent that Petrodorados disbursements for the seismic costs are fully reimbursed. Amerisur will also reimburse Petrodorado for costs incurred related to the drilling of the Loto-2 well that has been designed and planned. This amount is approximately $0.3 million. Management and the Board of Directors are pleased to announce the divestiture of the CPO-5 and Tacacho Blocks. The Company believes that this transaction strengthens its financial position and provides additional cash flow through the GOR. In the meantime, Management and the Board of Directors continue to evaluate the go forward plan for the Company and will provide market updates when the evaluation is complete. About Petrodorado Energy Ltd. Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia and California USA. Its head office is located in Calgary, Alberta, Canada and Petrodorados common shares are traded on the TSXV under the trading symbol PDQ. For further information, please contact: Chris Reid, Interim President and CEO 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. Forward Looking Statements: This news release includes information that constitutes forward-looking information or forward-looking statements. More particularly, this news release contains statements concerning expectations regarding the closing of the transaction with Amerisur, the expected operational and financial results therefore, drilling and operational opportunities and the timing associated therewith in addition to the potential exploration and development opportunities and expectations regarding regulatory approval and the overall strategic direction of the Company. The forward-looking statements contained in this document, including expectations and assumptions concerning the obtaining of the necessary regulatory approvals, including ANH approval, and the assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. A multitude of factors can cause actual events to differ significantly from any anticipated developments and although the Company believes that the expectations represented by such forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements because there can be no assurance that such expectations will be realized. Material risk factors include, but are not limited to: the inability to obtain regulatory approval, including ANH approval, for the transfer of participating interests and/or operatorship for the Companys properties, the risks of the oil and gas industry in general, such as operational risks in exploring for, developing and producing crude oil and natural gas, market demand and unpredictable shortages of equipment and/or labour; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; fluctuations in oil and gas prices, foreign currency exchange rates and interest rates, and reliance on industry partners. Neither the Company nor any of its subsidiaries nor any of its officers, directors or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does any of the foregoing accept any responsibility for the future accuracy of the opinions expressed in this document or the actual occurrence of the forecasted developments. The forward-looking statements contained in this document are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...292015.pdf Source: Petrodorado Energy Ltd. (TSX Venture DQ) http://www.petrodorado.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
PDQ.VN: 0.015 (+0.005)

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