Welcome to our dedicated page for New Stratus news (Ticker: RDRIF), a resource for investors and traders seeking the latest updates and insights on New Stratus stock.
New Stratus Energy Inc. (RDRIF) is an oil and gas exploration and production company active in Latin American upstream projects. Its news flow reflects activities in multiple jurisdictions, including operations in the Soledad Block in Veracruz, Mexico, and developments related to fields and concessions in Venezuela, Brazil and references to Ecuador.
News releases from New Stratus Energy cover a range of topics that matter to investors and industry observers. These include consolidated financial and operating results filed on SEDAR+, operational updates from projects associated with Goldpillar and Vencupet, and detailed descriptions of workover programs, infrastructure improvements and well interventions in producing fields.
Another key area of coverage is the company’s transaction and partnership activity. New Stratus Energy has announced a significant farm-in Memorandum of Understanding with Vultur Oil to develop concession contracts in the Reconcavo Basin in Bahia, Brazil. Related news items discuss the structure of the contemplated working interest, regulatory approval processes and reserves information associated with the Brazilian blocks.
Trading and capital markets developments also appear in the company’s news. For example, New Stratus Energy has reported an agreement with ICP Securities Inc. for automated market making services on the TSX Venture Exchange, outlining the terms of the engagement and the role of ICP in supporting liquidity for the company’s shares.
By following this news page, readers can review historical announcements on financial performance, operational milestones in Latin American fields, farm-in arrangements, and trading-related agreements that shape New Stratus Energy’s corporate trajectory.
New Stratus Energy (TSXV: NSE) has engaged ICP Securities to provide automated market making services, including the use of their proprietary ICP Premium™ algorithm. The agreement, dated August 6, 2025, involves a monthly fee of C$7,500 for an initial four-month term with automatic one-month renewals thereafter.
The market making activities will focus on correcting temporary supply and demand imbalances in New Stratus shares. ICP currently holds no interest in New Stratus securities but may acquire positions in the future. The agreement includes no performance factors, stock options, or additional compensation.
New Stratus Energy (TSXV: NSE) has signed a significant farm-in MOU with Vultur Oil to develop two concession contracts in Brazil's Reconcavo Basin, State of Bahia. The agreement will give NSE up to 32.5% working interest in the REC-T-107 and REC-T-108 blocks, adjacent to Petrobras' Aracas field.
The deal involves two investment stages totaling US$10 million: a US$5 million First Stage Investment for horizontal re-entry well development, earning 15% working interest, and another US$5 million Second Stage Investment for drilling new lateral wells, earning an additional 17.5%. The blocks' reserves attributed to NSE's potential 32.5% stake include 3.07 million BOE in Proved Reserves (NPV10: US$32.83M) and 4.98 million BOE in Proved plus Probable Reserves (NPV10: US$52.0M).
New Stratus Energy announced its financial results for the quarter ending March 31, 2024. The company reported a working capital of $26.57 million ($0.21 per basic share) and an adjusted working capital of $35.09 million ($0.28 per fully diluted share). NSE posted a net loss of $4.56 million ($0.04 per share). Goldpillar contributed $1.41 million in revenue and $1.33 million in adjusted EBITDA. Operational updates include successful interventions on several wells and the installation of infrastructure to support future production. NSE aims to increase production rates and reactivating 41 wells by the end of 2024.