During Q1 2024, New Stratus Energy (“NSE”) produced and delivered 8.9kbbl of oil through its joint venture with GoldPillar and generated total revenues of US$1.4mm. In addition to production revenues of US$110k, NSE was entitled to revenues from procurement, technical assistance, financing and oil trading activities thereby showcasing that the four revenue-stream business model is working. In Q1’24, NSE reported an adjusted EBITDA of US$1.3mm and is on track to achieve its budgeted 2024 EBITDA t ....
