RÉSULTATS FINANCIERS ET OPÉRATIONNELS ANNUELS 2023
RÉSULTATS FINANCIERS ET OPÉRATIONNELS ANNUELS 2023
CALGARY, ALBERTA (March 21, 2024) - Touchstone Exploration Inc. ("Pierre de touche", "nous", "notre" au sein de l’ "Entreprise") (TSX, LSE : TXP) reports its operating and condensed financial results for the three months and year ended December 31, 2023. Selected financial information is outlined below and should be read in conjunction with our December 31, 2023 audited consolidated financial statements and related Management's discussion and analysis, both of which will be available under our profile on SEDAR+ (www.sedarplus.ca) and on our website (www.touchstoneexploration.com). Unless otherwise stated, all financial amounts presented herein are rounded to thousands of dollars américains, et tout production volumes disclosed herein are sales volumes based on Company working interest before royalty burdens.
Paul Baay, président et chef de la direction, a déclaré :
"The transformational increase in production through the final months of 2023 reflects the commencement of production at our Cascadura field. The associated growth in cash from operations combined with our anticipated increase in borrowing capacity, will enable us to pursue our previously announced 2024 capital budget focused on driving further growth. Since year-end we have made substantial progress on our 2024 capital program, with one well successfully drilled and cased, and two further wells currently drilling. We continue to expect to bring the additional Cascadura wells on stream late in the third quarter of 2024 once the tie-in pipeline to our production facilities is completed. We are confident that 2024 will be another period of significant operational development and we look forward to updating our stakeholders on our progress."
Fourth Quarter 2023 Financial and Operating Highlights
· Average quarterly production increased 151 percent to 8,504 boe/d (79 percent natural gas) relative to 3,391 boe/d produced in the third quarter of 2023, reflecting a full quarter of Cascadura production volumes.
· Realized petroleum and natural gas sales of $20,759,000 compared to $11,682,000 in the third quarter of 2023, mainly attributed to incremental Cascadura natural gas and associated liquids sales.
- Cascadura field production volumes in the quarter contributed $8,437,000 of net natural gas sales at an average realized price of $2.45 per Mcf and $4,170,000 of net NGL sales at an average realized price of $72.92 per barrel.
- Natural gas production from the Coho-1 well averaged net volumes of 3.1 MMcf/d (517 boe/d) in the quarter and contributed $617,000 of net natural gas sales at an average realized price of $2.16 per Mcf.
· Generated an operating netback of $13,731,000, a 128 percent increase from the third quarter of 2023, benefiting from a full quarter of production from our Cascadura field. Operating netbacks were $17.54 per boe, representing a 9 percent decrease from the $19.27 per boe reported in the third quarter of 2023, attributed to an increased weighting of natural gas volumes to total production.
· Achieved quarterly record funds flow from operations of $10,489,000 in the fourth quarter compared to $2,432,000 in the preceding quarter, primarily driven by the $7,720,000 quarter-over-quarter increase in operating netback.
· $1,186,000 in quarterly capital investments primarily focused on expenditures directed to Royston-1X production testing, final Cascadura facility commissioning and pre-drill expenditures relating to the Cascadura-2 well.
· Reduced net debt by 25 percent in the quarter, exiting the year with a cash balance of $8,186,000, a working capital deficit of $7,581,000 and a bank loan principal balance of $28,000,000, resulting in a net debt position of $22,581,000.
Annual 2023 Financial and Operating Highlights
· Commissioned and achieved first natural gas and associated liquids production from our Cascadura facility on September 6, 2023.
· Delivered average daily production volumes of 3,981 boe/d (65 percent natural gas), an increase of 152 percent year-over-year.
· Realized petroleum and natural gas sales of $48,098,000 compared to $42,944,000 in the prior year, as $15,742,000 of incremental Cascadura natural gas and associated liquids sales were partially offset by a $12,598,000 decrease in crude oil sales, reflecting a 21 percent decline in realized crude oil pricing and a 12 percent reduction in crude oil production.
· Generated funds flow from operations of $13,730,000 (2022 - $3,540,000) and an annual operating netback of $26,220,000 or $18.04 per boe (2022 - $19,281,000 and $33.42 per boe).
· Executed an incident-free $18,949,000 capital program, primarily focused on completing the Cascadura natural gas facility and drilling and testing the Royston-1X exploration well.
· December 31, 2023 net debt was $22,581,000, resulting in a reduced net debt to annual funds flow from operations ratio of 1.64 times.
· Responsible operations remained a top priority throughout 2023, as Touchstone had one lost time injury and released its third environmental, social and governance report encompassing the 2022 year.
We recorded exploration and evaluation asset impairment expenses of $32,649,000 related to the Chinook and Royston areas of our Ortoire block, as the carrying value of the assets exceeded the estimated recoverable amount based on forecasted allocation of future capital spending and the previously announced results of production tests which deemed the Royston-1X sidetrack well uneconomic. The impairment expense was partially offset by an aggregate pre-tax net impairment reversal of $11,452,000 on three petroleum and natural gas development asset cash generating-units ($3,896,000 after-tax) and increased fourth quarter 2024 funds flow from operations. This resulted in a net loss of $21,236,000 ($0.09 per basic share) recognized in the fourth quarter of 2023 and $20,598,000 ($0.09 per basic share) reported in 2023. Excluding net impairment expenses recognized in each period, fourth quarter net earnings were $7,662,000 ($0.03 per basic and diluted share) and annual 2023 net earnings were $8,347,000 ($0.04 per basic and diluted share).
Post Year-End Highlights
· We safely and successfully drilled and cased our Cascadura-2 delineation well on the Ortoire block.
· Spudded the CO-374 well on the CO-1 block on February 28, 2024 and spudded the Cascadura-3 well on March 1, 2024, with drilling operations currently underway at both locations.
· We executed a binding term sheet providing for $13 million of additional borrowing capacity from our existing Trinidad-based lender, with the parties currently documenting an amended loan agreement.
· In February 2024, we achieved average net sales volumes of 7,081 boe/d as follows:
- Cascadura contributed net sales volumes of 5,440 boe/d consisting of:
- net natural gas sales volumes of 31.1 MMcf/d or 5,179 boe/d with a realized price of $2.49 per Mcf; and
- net natural gas liquids volumes of 261 bbls/d with an average realized price of $69.85 per barrel;
- Coho net average natural gas sales volumes were 2.8 MMcf/d or 469 boe/d at a realized price of $2.28 per Mcf (excluding third party processing fees); and
- average net daily crude oil sales volumes were 1,172 bbls/d per day with an average realized price of $69.85 per barrel.
Perspectives et orientation
Our first quarter 2024 capital program is progressing as planned with a primary focus on Cascadura field drilling, CO-1 infill well drilling and road and pipeline construction to tie-in our Cascadura development wells to our natural gas facility. The majority of the estimated production from our current capital activity is expected to be weighted to the fourth quarter of 2024. We currently forecast to maintain our preliminary 2024 guidance announced on December 19, 2024.
2023 Financial and Operating Results Overview
Trimestre terminé le 31 décembre | % changement (4) | Exercice terminé le 31 décembre | % changement (4) | |||
2023 | 2022 | 2023 | 2022 | |||
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Efficacité |
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Production journalière moyenne |
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Huile brute(1) (bbls/d) | 1,133 | 1,274 | (11) | 1,181 | 1,340 | (12) |
LGN(1) (bbls/d) | 622 | - | n / a | 201 | - | n / a |
Crude oil and liquids(1) (bbls/d) | 1,755 | 1,274 | 38 | 1,382 | 1,340 | 3 |
Gaz naturel(1) (Mcf/d) | 40,491 | 5,729 | 100 | 15,593 | 1,444 | 100 |
Production journalière moyenne (bep / j)(2) | 8,504 | 2,229 | 100 | 3,981 | 1,581 | 100 |
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Prix moyens réalisés(3) |
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Huile brute(1) ($ / bbl) | 72.26 | 75.10 | (4) | 67.80 | 85.52 | (21) |
LGN(1) ($ / bbl) | 72.92 | - | n / a | 74.07 | - | n / a |
Crude oil and liquids(1) ($ / bbl) | 72.49 | 75.10 | (3) | 68.72 | 85.52 | (20) |
Gaz naturel(1) ($ / Mcf) | 2.43 | 2.11 | 15 | 2.36 | 2.11 | 12 |
Realized commodity price ($ / bep)(2) | 26.53 | 48.36 | (45) | 33.10 | 74.43 | (56) |
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Production mix (% of production) |
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Crude oil and liquids(1) | 21 | 57 | 35 | 85 | ||
Gaz naturel(1) | 79 | 43 | 65 | 15 | ||
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Netback d'exploitation ($ / bep)(2) |
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Realized commodity price(3) | 26.53 | 48.36 | (45) | 33.10 | 74.43 | (56) |
Redevances(3) | (5.53) | (15.24) | (64) | (8.38) | (25.37) | (67) |
Dépenses d'exploitation(3) | (3.46) | (12.07) | (71) | (6.68) | (15.64) | (57) |
Netback d'exploitation(3) | 17.54 | 21.05 | (17) | 18.04 | 33.42 | (46) |
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Services |
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($000's except per share amounts) |
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Ventes de pétrole et de gaz naturel | 20,759 | 9,919 | 100 | 48,098 | 42,944 | 12 |
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Cash from (used in) operating activities | 8,512 | (1,189) | n / a | 12,743 | 5,752 | 100 |
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Flux de fonds des opérations | 10,489 | 691 | 100 | 13,730 | 3,540 | 100 |
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Perte nette | (21,236) | (1,921) | 100 | (20,598) | (3,197) | 100 |
Per share - basic and diluted | (0.09) | (0.01) | 100 | (0.09) | (0.01) | 100 |
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Exploration capital expenditures | 595 | 2,290 | (74) | 17,638 | 9,788 | 80 |
Development capital expenditures | 591 | 219 | 100 | 1,311 | 1,542 | (15) |
Dépenses d'investissement(3) | 1,186 | 2,509 | (53) | 18,949 | 11,330 | 67 |
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Working capital deficit (surplus)(3) |
| 7,581 | (4,992) | n / a | ||
Principal long-term bank debt |
| 15,000 | 21,000 | (29) | ||
Dette nette(3) - end of period |
| 22,581 | 16,008 | 41 | ||
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Partager l'information (en milliers) |
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Weighted avg. shares outstanding: |
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Basique et dilué | 234,213 | 217,106 | 8 | 233,487 | 213,211 | 10 |
Outstanding shares - end of period |
| 234,213 | 233,037 | 1 | ||
Notes:
(1) Refer to the "Advisories - Informations sur les types de produits" pour plus d'informations.
(2) In the table above and elsewhere in this announcement, references to "boe" mean barrels of oil equivalent that are calculated using the energy equivalent conversion method. Refer to the "Advisories - Mesures concernant le pétrole et le gaz naturel" pour plus d'informations.
(3) Non-GAAP financial measure. See the "Advisories - Non-GAAP Financial Measures" pour plus d'informations.
(4) Percentages have been rounded to the nearest whole number and limited to increases or decreases of 100 percent.
Exploration Pierre de touche inc.
Touchstone Exploration Inc. est une société basée à Calgary, en Alberta, qui se consacre à l'acquisition de participations dans des droits de pétrole et de gaz naturel et à l'exploration, la mise en valeur, la production et la vente de pétrole et de gaz naturel. Touchstone est actuellement actif dans des propriétés onshore situées en République de Trinité-et-Tobago. Les actions ordinaires de la Société sont négociées à la Bourse de Toronto et au marché AIM de la Bourse de Londres sous le symbole "TXP".
Pour plus d'informations sur Touchstone, veuillez visiter notre site Web à l'adresse www.touchstoneexploration.com ou communiquez avec:
Exploration Pierre de touche inc. Paul Baay, président et chef de la direction Scott Budau, directeur financier James Shipka, directeur de l'exploitation
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Tél. : +1 (403) 750-4487 |
Shore Capital (Conseiller Nommé et Joint Broker) Daniel Bush/Toby Gibbs/Iain Sexton
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Tel: + 44 (0) 207 408 4090 |
Canaccord Genuity (Conjoint Broker) Adam James / Ana Ercegovic
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Tel: + 44 (0) 207 523 8000 |
FTI Consulting (RP Financier) Nick Hennis / Ben Brewerton |
Tel: + 44 (0) 203 727 1000 Courriel : [email protected] |
Avis
Énoncés prospectifs
Les informations fournies dans ce communiqué contiennent certaines déclarations et informations prospectives (collectivement, les « déclarations prospectives ») au sens des lois sur les valeurs mobilières applicables. Ces déclarations prospectives comprennent, sans s'y limiter, des prévisions, des estimations, des attentes et des objectifs pour des opérations futures qui sont soumises à des hypothèses, des risques et des incertitudes, dont beaucoup échappent au contrôle de la Société. Les déclarations prospectives sont des déclarations qui ne constituent pas des faits historiques et sont généralement, mais pas toujours, identifiées par les mots « s'attendre à », « planifier », « anticiper », « croire », « avoir l'intention de », « maintenir », « continuer à ", " poursuivre ", " concevoir ", " aboutir à ", " maintenir " " estimer ", " potentiel ", " croissance ", " à court terme ", " à long terme ", " prévision ", " contingent " et expressions similaires, ou sont des événements ou des conditions qui « se produiront », « pourraient », « pourraient », « pourraient » ou « devraient » se produire ou être atteints. Les déclarations prospectives contenues dans cette annonce ne sont valables qu'à la date des présentes et sont expressément qualifiées par cette mise en garde.
Specifically, this announcement includes, but is not limited to, forward-looking statements relating to: the Company's business plans, strategies, priorities and development plans; the focus of Touchstone's 2024 capital plan, including driving future growth, pursuing developmental drilling activities and optimizing existing natural gas and liquids infrastructure capacity; the intended use of proceeds and expected timing of closing the loan agreement contemplated in the binding term sheet; the Company's expectation that the proceeds from the additional borrowing capacity contemplated in the binding term sheet will fully fund the Company's 2024 capital program; the anticipated increase in 2024 annual average production from 2024 capital spending and the cash flows therefrom; anticipated timing of developmental and exploration drilling production; expected drilling activities, including locations and the timing thereof; anticipated timing of well tie-in operations and production coming online; and Touchstone situation financière actuelle et future, y compris la suffisance des ressources pour financer les dépenses d’investissement futures et maintenir la liquidité financière. Les décisions, activités, résultats, performances ou réalisations réels de la Société pourraient différer sensiblement de ceux exprimés ou sous-entendus dans ces déclarations prospectives et, par conséquent, aucune garantie ne peut être donnée que l'un des événements anticipés par les déclarations prospectives se produiront ou se produiront ou, si l’un d’entre eux se produit, quels avantages Touchstone en tirera.
For further information regarding the Company's 2024 preliminary guidance and the related advisories, refer to the announcement dated December 19, 2023 entitled "Touchstone Announces 2024 Capital Budget, Preliminary 2024 Guidance and an Operational Update" which is available en ligne sur notre profil SEDAR+ (www.sedarplus.ca) et le site Web (www.touchstoneexploration.com).
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Certain of these risks are set out in more detail in the Company's 2023 Annual Information Form dated March 20, 2024 which will be available under the Company's profile on SEDAR+ (www.sedarplus.ca) et sur le site Internet de la Société (www.touchstoneexploration.com). Les déclarations prospectives contenues dans cette annonce sont faites à la date des présentes, et sauf si les lois sur les valeurs mobilières applicables l'exigent, la Société n'assume aucune obligation ou intention de mettre à jour publiquement ou de réviser les déclarations prospectives faites ici ou autrement, que ce soit à la suite de nouvelles informations, d'événements futurs ou autres.
This announcement contains inside information for the purposes of Article 7 of the UK version of the Market Abuse Regulation (EU) No.596/2014, which forms part of UK law by virtue of the European Union Withdrawal) Act 2018.
Mesures financières non conformes aux PCGR
This announcement references various non-GAAP financial measures, non-GAAP ratios, capital management measures and supplementary financial measures as such terms are defined in National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure. Such measures are not recognized measures under Canadian Generally Accepted Accounting Principles ("GAAP") and do not have a standardized meaning prescribed by International Financial Reporting Accounting Standards ("IFRS") and therefore may not be comparable to similar financial measures disclosed by other issuers. Readers are cautioned that the non-GAAP financial measures referred to herein should not be construed as alternatives to, or more meaningful than, measures prescribed by IFRS, and they are not meant to enhance the Company's reported financial performance or position. These are complementary measures that are commonly used in the oil and natural gas industry and by the Company to provide shareholders and potential investors with additional information regarding the Company's performance. Below is a description of the non-GAAP financial measures, non-GAAP ratios, capital management measures and supplementary financial measures disclosed herein.
Flux de fonds des opérations
Funds flow from operations is included in the Company's consolidated statements of cash flows. Touchstone considers funds flow from operations to be a key measure of operating performance as it demonstrates the Company's ability to generate the funds necessary to finance capital expenditures and repay debt. Management believes that by excluding the temporary impact of changes in non-cash operating working capital, funds flow from operations provides a useful measure of the Company's ability to generate cash that is not subject to short-term movements in non-cash operating working capital.
Netback d'exploitation
Touchstone uses operating netback as a key performance indicator of field results. The Company considers operating netback to be a key measure as it demonstrates Touchstone's profitability relative to current commodity prices and assists Management and investors with evaluating operating results on a historical basis. Operating netback is a non-GAAP financial measure calculated by deducting royalties and operating expenses from petroleum and natural gas sales. The most directly comparable financial measure to operating netback disclosed in the Company's consolidated financial statements is petroleum and natural gas revenue net of royalties. Operating netback per boe is a non-GAAP ratio calculated by dividing the operating netback by total production volumes for the period. Presenting operating netback on a per boe basis allows Management to better analyze performance against prior periods on a comparable basis.
Dépenses d'investissement
Capital expenditures is a non-GAAP financial measure that is calculated as the sum of exploration and evaluation asset expenditures and property, plant and equipment expenditures included in the Company's consolidated statements of cash flows and is most directly comparable to cash used in investing activities. Touchstone considers capital expenditures to be a useful measure of its investment in its asset base.
Working capital and net debt
Working capital and net debt are capital management measures used by Management to monitor the Company's capital structure to evaluate its true debt and liquidity position and to manage capital and liquidity risk. Working capital is calculated by subtracting current liabilities from current assets as they appear on the applicable consolidated balance sheet. Net debt is calculated by summing the Company's working capital and the principal (undiscounted) long-term amount of senior secured debt and is most directly comparable to total liabilities.
Net debt to funds flow from operations ratio
The Company monitors its capital structure using a net debt to funds flow from operations ratio, which is a non-GAAP ratio and a capital management measure calculated as the ratio of the Company's net debt to trailing twelve months funds flow from operations for any given period.
Mesures financières supplémentaires
Realized commodity price per boe - is comprised of petroleum and natural gas sales as determined in accordance with IFRS, divided by the Company's total production volumes for the period.
Royalties per boe - is comprised of royalties as determined in accordance with IFRS, divided by the Company's total production volumes for the period.
Operating expenses per boe - is comprised of operating expenses as determined in accordance with IFRS, divided by the Company's total production volumes for the period.
Pour plus d'informations, s'il vous plaît se référer à la "Avis - Mesures financières non conformes aux PCGR" section of the Company's most recent Management's discussion and analysis for the three months and year ended December 31, 2023 accompanying our DecÉtats financiers consolidés audités au 31 décembre 2023, tous deux qui sera disponibles sur notre site Internet (www.touchstoneexploration.com) et sous notre profil SEDAR+ (www.sedarplus.ca).
Mesures concernant le pétrole et le gaz naturel
Le cas échéant, le gaz naturel a été converti en barils d’équivalent pétrole (bep) sur la base de six mille pieds cubes (Mcf) pour un baril (bbl) de pétrole. Le taux d'équivalent baril de pétrole est basé sur une méthode de conversion d'équivalent énergétique principalement applicable à la pointe du brûleur et étant donné que le rapport de valeur basé sur le prix actuel du pétrole brut par rapport au gaz naturel est significativement différent de l'équivalence énergétique du 6 : 1, l'utilisation du taux de conversion 6:1 peut être trompeuse en tant qu'indication de valeur. Ce facteur de conversion est une norme acceptée par l’industrie et n’est basé ni sur le contenu énergétique ni sur les prix.
Informations sur les types de produits
This announcement includes references to crude oil, NGLs, natural gas, and average daily production volumes. En vertu du Règlement national 51-101 - Normes de divulgation pour les activités pétrolières et gazières ("NI 51-101"), disclosure of production volumes should include segmentation by product type as defined in the instrument. In this MD&A, references to "crude oil" refer to "light crude oil and medium crude oil" and "heavy crude oil" combined product types; references to "NGLs" refer to condensate; and references to "natural gas" refer to the "conventional natural gas" product type, all as defined in the instrument. In addition, references to "crude oil and liquids" herein include crude oil and NGLs.
Pour plus d'informations sur les informations spécifiques à un produit conformément au Règlement 51-101, veuillez vous référer au "Avis - Informations sur les types de produits" dans le rapport de gestion le plus récent de la Société pour le trimestre et l'exercice clos le 31 décembre 2023 accompagnant notre rapport de décembre.États financiers consolidés audités au 31 décembre 2023, tous deux qui sera disponibles sur notre site Internet (www.touchstoneexploration.com) et sous notre profil SEDAR+ (www.sedarplus.ca).
Abréviations
Les abréviations suivantes sont référencées dans cette annonce :
bbls/d barrels per day Mcf thousand cubic feet
boe barrels of oil equivalent Mcf/d thousand cubic feet per day
boe/d barrels of oil equivalent per day MMcf million cubic feet
NGLs natural gas liquids MMcf/d million cubic feet per day
Exploration Pierre de touche inc.
Bilans consolidés
Stated in thousands of United States dollars
Comme à | Décembre 31, 2023 | 31 décembre 2022 | |
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Outils |
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Actifs actuels |
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Argent liquide | 8,186 | 16,335 | |
Débiteurs | 12,852 | 7,487 | |
Achat | 91 | 129 | |
Dépenses payées d'avance | 764 | 1,342 | |
Actifs détenus en vue de la vente | 677 | 1,122 | |
22,570 | 26,415 | ||
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Actifs d'exploration et d'évaluation | 5,030 | 51,352 | |
Immobilisations corporelles | 108,148 | 67,162 | |
Espèces restreintes | 785 | 1,021 | |
Autres actifs | 334 | 481 | |
Abandonment fund | 2,081 | 1,446 | |
Total des actifs | 138,948 | 147,877 | |
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Passif |
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Passif à court terme |
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Créditeurs et charges à payer | 15,013 | 12,737 | |
Impôts sur le revenu à payer | 240 | 1,014 | |
Current portion of bank debt | 13,000 | 6,000 | |
Passifs liés aux actifs détenus en vue de la vente | 1,898 | 1,672 | |
30,151 | 21,423 | ||
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Passif de location | 2,888 | 1,373 | |
Dette bancaire | 14,977 | 20,962 | |
Decommissioning liabilities | 9,733 | 11,182 | |
Impôts différés | 21,433 | 14,557 | |
Total du passif | 79,182 | 69,497 | |
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Capitaux propres |
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Shareholders' capital | 114,965 | 114,635 | |
Surplus d'apport | 6,166 | 4,905 | |
Autre perte globale | (13,124) | (13,517) | |
Déficit | (48,241) | (27,643) | |
Capitaux propres totaux | 59,766 | 78,380 | |
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Total des passifs et capitaux propres | 138,948 | 147,877 |
Exploration Pierre de touche inc.
États consolidés des pertes et du résultat global
Stated in thousands of United States dollars (except per share amounts)
Exercice terminé le 31 décembre | |||
2023 | 2022 | ||
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Revenu |
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Ventes de pétrole et de gaz naturel | 48,098 | 42,944 | |
Less: royalties |
| (12,173) | (14,641) |
Petroleum and natural gas revenue, net of royalties |
| 35,925 | 28,303 |
Autre revenu | 64 | 42 | |
Total des revenus |
| 35,989 | 28,345 |
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Opérateurs | 9,705 | 9,022 | |
Général et administration | 9,451 | 7,775 | |
Financement net | 2,453 | 3,042 | |
Net (gain) loss on asset dispositions | (800) | 726 | |
Gain de change | (196) | (333) | |
Rémunération en actions | 1,243 | 1,341 | |
Épuisement et dépréciation | 6,009 | 4,333 | |
Détérioration | 21,389 | 195 | |
Autre | (552) | 794 | |
Dépenses totales |
| 48,702 | 26,895 |
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(Perte) bénéfice avant impôts sur le revenu |
| (12,713) | 1,450 |
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Provision pour impôts sur le revenu |
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Current expense | 1,106 | 4,648 | |
Deferred expense (recovery) | 6,779 | (1) | |
Charge totale d'impôts | 7,885 | 4,647 | |
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Perte nette | (20,598) | (3,197) | |
Ajustements de conversion de devises | 393 | (298) | |
Perte globale | (20,205) | (3,495) | |
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Perte nette pour les actions ordinaires |
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Basique et dilué | (0.09) | (0.01) |
Exploration Pierre de touche inc.
Consolidated Statements of Changes in Shareholders' Equity
Stated in thousands of United States dollars
Exercice terminé le 31 décembre | |||
2023 | 2022 | ||
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Shareholders' capital |
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Balance, beginning of year | 114,635 | 101,757 | |
Private placements, net of fees | - | 12,269 | |
Equity-based settlements | 330 | 609 | |
Balance, end of year |
| 114,965 | 114,635 |
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Surplus d'apport |
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Balance, beginning of year | 4,905 | 3,466 | |
Equity-based settlements | (120) | (215) | |
Charge de rémunération en actions | 1,243 | 1,341 | |
Equity-based compensation capitalized | 138 | 313 | |
Balance, end of year | 6,166 | 4,905 | |
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Autre perte globale |
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Balance, beginning of year | (13,517) | (13,219) | |
Autres éléments du résultat global | 393 | (298) | |
Balance, end of year |
| (13,124) | (13,517) |
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Déficit |
| ||
Balance, beginning of year | (27,643) | (24,446) | |
Perte nette | (20,598) | (3,197) | |
Balance, end of year | (48,241) | (27,643) |
Exploration Pierre de touche inc.
États consolidés des flux de trésorerie
Stated in thousands of United States dollars
Exercice terminé le 31 décembre | |||
2023 | 2022 | ||
Activités d'exploitation | |||
Perte nette | (20,598) | (3,197) | |
Items not involving cash from operations: |
| ||
Net (gain) loss on asset dispositions | (800) | 726 | |
Unrealized foreign exchange gain | (194) | (288) | |
Charge de rémunération en actions | 1,243 | 1,341 | |
Charge d'épuisement et d'amortissement | 6,009 | 4,333 | |
Charge de dépréciation | 21,389 | 195 | |
Autre | (80) | 561 | |
Deferred income tax expense (recovery) | 6,779 | (1) | |
Dépenses de démantèlement | (18) | (130) | |
Flux de fonds des opérations |
| 13,730 | 3,540 |
Net change in non-cash operating working capital | (987) | 2,212 | |
Trésorerie provenant des activités d'exploitation |
| 12,743 | 5,752 |
Activités d'investissement | |||
Exploration and evaluation expenditures | (17,638) | (9,788) | |
Dépenses d'immobilisations corporelles | (1,311) | (1,542) | |
Abandonment fund expenditures | (626) | (160) | |
Proceeds from asset dispositions | 250 | 1,346 | |
Net change in non-cash investing working capital | (1,790) | (6,332) | |
Trésorerie utilisée dans les activités d'investissement |
| (21,115) | (16,476) |
Activités de financement | |||
Changes in restricted cash | 236 | 157 | |
Net advance (repayment) of bank debt | 1,000 | (3,000) | |
Net finance lease payments | (692) | (206) | |
Issuance of common shares, net of fees | 210 | 12,663 | |
Other liability payments | (469) | (573) | |
Net change in non-cash financing working capital | (155) | 11 | |
Flux de trésorerie provenant des activités de financement |
| 130 | 9,052 |
Diminution des espèces | (8,242) | (1,672) | |
Trésorerie, début d'année | 16,335 | 17,936 | |
Impact of foreign exchange on foreign denominated cash balances | 93 | 71 | |
Trésorerie, fin d'année |
| 8,186 | 16,335 |
|
| ||
Supplementary information for cash from operating activities: |
|
| |
Interest paid in cash | 2,241 | 2,273 | |
Income taxes paid in cash | 1,880 | 3,886 |
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