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.
undefined (RDRIF) is a resource sector company focused on operational execution and strategic development. This news hub provides investors with centralized access to official announcements and market-moving updates.
Key resources include earnings reports, project milestones, leadership changes, and partnership announcements. Our curated feed ensures stakeholders stay informed about operational developments without promotional bias.
Regular updates cover production metrics, exploration activities, and financial disclosures. Bookmark this page for streamlined tracking of RDRIF's progress through verified sources. Check back frequently for real-time updates directly impacting investment analysis.
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.
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