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Petrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter of 2014

August 27, 2014

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, 2014.

Financial Statements

Highlights include:

•Working capital of $15.0 million, plus $2.6 million in non-current restricted cash.


$ (U.S. dollars)



Period ended

June 30, 2014



Period ended

June 30, 2013



Available funds *



18,334,535



33,428,794



Working Capital



15,040,156



28,483,615



Exploration and Evaluation Assets



66,879,689



55,963,664



Total Assets



93,964,288



98,858,871



Funds used in Operations (six months)



2,354,698



1,612,459



Funds used in Operations (three months)



1,282,934



1,129,288



Net Income (Loss) (six months)



(2,628,332)



3,249,829



Net Income (Loss) (three months)



(1,418,856)



2,173,323



Net Income (Loss) per Share, basic & diluted (six months)



(0.01)



0.01



Net Income (Loss) per Share, basic & diluted (three months)



(0.00)



0.00

 

    

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

All amounts expressed above are in US dollars.

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 and California USA. 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:

Gregg Vernon, Interim President and CEO

Chris Reid, VP of 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/petroderado08272014.pdf



Source: Petrodorado Energy Ltd. (TSX Venture:PDQ) http://www.petrodorado.com/










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