Latest news with #FiddleheadResourcesCorp
Cision Canada
3 days ago
- Business
- Cision Canada
FIDDLEHEAD RESOURCES CORP. ANNOUNCES Q1 2025 FINANCIAL RESULTS
CALGARY, AB, May 30, 2025 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended Mar. 31, 2025 and 2024 ("2025 Q1 Documents"). Financial and operating highlights for the period include: Achieved average corporate production of 1,636 boe/d compared to average corporate production in Q4/24 of 1,624 boe/d. First quarter of 2025, Fiddlehead's petroleum and natural gas sales totaled $3,975,870 and Funds Flow used in Operations was $194,854. Readers are encouraged to read the 2025 Q1 Documents in their entirety, which are available on SEDAR+ at and on Fiddlehead's website at (Expressed in $000s except per share, price and volume amounts.) Three months ended March 31 December 31 March 31 2025 2024 2024 OPERATING HIGHLIGHTS AND NETBACKS 1 Average production and sales volumes Light oil (bbls/d) 119 134 - NGLs (bbls/d) 394 378 - Natural gas (Mcf/d) 6,746 6,675 - Total (BOE/d) 1,636 1,624 - Average realized sales prices Light oil ($/bbl) 91.79 91.72 - NGLs ($/bbl) 49.32 55.39 - Natural gas ($/Mcf) 2.06 1.28 - Total oil equivalent ($/BOE) 27.13 25.86 - Netbacks ($/BOE) 1 Petroleum and natural gas sales 27.13 25.86 - Royalties 6.65 6.67 - Operating expenses 11.65 11.25 - Transportation expenses 0.10 0.09 - Operating Netback 1 8.74 7.84 - General and administrative expenses 7.62 8.86 - Finance costs 6.27 4.98 - Adjusted Funds Flow Netback 1,2 (5.15) (6.10) - FINANCIAL HIGHLIGHTS Petroleum and natural gas sales 3,976 3,844 - Petroleum and natural gas sales, net of royalties 2,996 2,846 - Net loss & comprehensive loss (2,497) (2,295) (138) Basic per share (0.04) (0.04) (0.03) Diluted per share (0.04) (0.04) (0.03) Cash flow used in operating activities (145) (812) (146) Funds Flow from Operations 2 (195) (74) (127) Basic per share (0.00) (0.00) (0.02) Diluted per share (0.00) (0.00) (0.02) Acquisitions - - - Total assets 30,054 31,714 245 Total non-current financial liabilities 11,482 11,666 - Total long-term debt, including current portion 12,120 12,168 - Shareholders' equity 3,412 5,909 229 Weighted average common shares outstanding (000s) – basic 3 60,521 60,521 5,276 Weighted average common shares outstanding (000s) – diluted 3 60,521 60,521 5,276 Common shares outstanding (000s), end of period 4 60,521 60,521 5,276 1 "Netbacks" are non-GAAP financial measure calculated per unit of production. "Operating Netback", and "Adjusted Funds Flow Netback" do not have standardized meanings under IFRS Accounting Standards. See " Non-GAAP Financial Measures " section 2 "Funds Flow from Operations" ("FFO") does not have a standardized meaning under IFRS Accounting Standards. See "Non-GAAP Financial Measures". 3 Common shares outstanding have been adjusted as a result of the Share Consolidation. READER ADVISORIES In this press release, all references to "$" are to Canadian dollars. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Fiddlehead Resources Corp.
Yahoo
3 days ago
- Business
- Yahoo
FIDDLEHEAD RESOURCES CORP. ANNOUNCES Q1 2025 FINANCIAL RESULTS
CALGARY, AB, May 30, 2025 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead," or the "Company") (TSXV: FHR), is pleased to announce the filing of its unaudited financial and operating results for the three months ended March 31, 2025. Selected financial and operating information should be read in conjunction with Fiddlehead's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended Mar. 31, 2025 and 2024 ("2025 Q1 Documents"). Financial and operating highlights for the period include: Achieved average corporate production of 1,636 boe/d compared to average corporate production in Q4/24 of 1,624 boe/d. First quarter of 2025, Fiddlehead's petroleum and natural gas sales totaled $3,975,870 and Funds Flow used in Operations was $194,854. Readers are encouraged to read the 2025 Q1 Documents in their entirety, which are available on SEDAR+ at and on Fiddlehead's website at The table below summarizes selected highlights from the Company's financial and operating results: (Expressed in $000s except per share, price and volume amounts.) Three months endedMarch 31December 31March 31202520242024OPERATING HIGHLIGHTS AND NETBACKS1Average production and sales volumesLight oil (bbls/d)119134-NGLs (bbls/d)394378-Natural gas (Mcf/d)6,7466,675-Total (BOE/d)1,6361,624-Average realized sales pricesLight oil ($/bbl)91.7991.72-NGLs ($/bbl)49.3255.39-Natural gas ($/Mcf)2.061.28-Total oil equivalent ($/BOE)27.1325.86-Netbacks ($/BOE)1Petroleum and natural gas sales 27.1325.86-Royalties6.656.67-Operating expenses11.6511.25-Transportation expenses0.100.09-Operating Netback18.747.84-General and administrative expenses7.628.86-Finance costs6.274.98-Adjusted Funds Flow Netback1,2(5.15)(6.10)-FINANCIAL HIGHLIGHTSPetroleum and natural gas sales3,9763,844-Petroleum and natural gas sales, net of royalties2,9962,846-Net loss & comprehensive loss(2,497)(2,295)(138)Basic per share(0.04)(0.04)(0.03)Diluted per share(0.04)(0.04)(0.03)Cash flow used in operating activities(145)(812)(146)Funds Flow from Operations2(195)(74)(127)Basic per share(0.00)(0.00)(0.02)Diluted per share(0.00)(0.00)(0.02)Acquisitions---Total assets30,05431,714245Total non-current financial liabilities11,48211,666-Total long-term debt, including current portion12,12012,168-Shareholders' equity3,4125,909229Weighted average common shares outstanding (000s) – basic360,52160,5215,276Weighted average common shares outstanding (000s) – diluted360,52160,5215,276Common shares outstanding (000s), end of period460,52160,5215,2761 "Netbacks" are non-GAAP financial measure calculated per unit of production. "Operating Netback", and "Adjusted Funds Flow Netback" do not have standardized meanings under IFRS Accounting Standards. See " Non-GAAP Financial Measures " section 2 "Funds Flow from Operations" ("FFO") does not have a standardized meaning under IFRS Accounting Standards. See "Non-GAAP Financial Measures". 3 Common shares outstanding have been adjusted as a result of the Share Consolidation. READER ADVISORIES In this press release, all references to "$" are to Canadian dollars. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Fiddlehead Resources Corp. View original content to download multimedia:
