#petrogas

Kabupaten Sorong, Papua Barat Daya, EDITOR.ID,- SKK Migas mendorong Petrogas (Basin) Ltd. melaksanakan prosesi Proyek Pilot Walio Chemical Enhanced Oil Recovery (CEOR) atau metode peningkatan perolehan minyak. Caranya dengan menyuntikkan bahan kimia tertentu ke dalam reservoir atau lapisan batuan di bawah permukaan bumi. Metode CEOR ini untuk membantu mendorong minyak yang tersisa agar bisa…

CALGARY, ALBERTA, Jun 02, 2015 (Marketwired by means of COMTEX) — Americas Petrogas Inc. (“Americas Petrogas” or the “Company”) (tsx venture:BOE) announces that it has filed its first quarter 2015 consolidated financial statements and Management’s Discussion and Evaluation (“MD&ampA”). These filings can be accessed electronically on the Program for Electronic Doc Evaluation and Retrieval (SEDAR) website: www.sedar.com and on the Company’s site at www.americaspetrogas.com.

The pursuing Summary of Chosen Fiscal and Operational Highlights have been derived from the consolidated economic statements and MD&ampA. Audience are strongly encouraged to overview the entire consolidated monetary statements and MD&ampA.

All quantities are in Canadian dollars unless of course in any other case said.

Summary of Chosen Financial and Operational Highlights

($ in 1000's, besides share, for each share, and for every barrel quantities) 3 months finished March 31 2015 2014 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Crude oil income $ 10,779 $ nine,108 Internet earnings(one) $ 9,012 $ 7,763 Running netback(two) $ 3,551 $ four,094 Functioning netback for each barrel(2) $ 31.29 $ 36.73 Net cash flow (decline) attributable to proprietors of the Company(3) $ (one,556) $ (24,557) Earnings (reduction) per share- simple and diluted $ (.01) $ (.12) Funds movement from functions(four) $ 417 $ two,047 For every share - fundamental $ .00 $ .01 For each share - diluted $ .00 $ .01 Weighted typical variety of typical shares excellent(5) Simple 231,739,106 212,572,440 Diluted 231,739,106 214,139,198 Cash expenditures $ 6,654 $ ten,948 Common barrels bought per day 1,261 1,238 Regular selling cost per barrel $ 94.98 $ eighty one.seventy two December 31, ($ in countless numbers) March 31, 2015 2014 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Funds and income equivalents $ 8,790 $ 14,718 Operating capital(6) $ four,784 $ 5,518 Notes: (one) "Net revenue" is an added GAAP measure due to the fact it is introduced in the consolidated statement of income (decline). Web profits is gross income significantly less royalties. The Organization utilizes "internet profits" as an indicator of functioning efficiency. (two) "Working Netback" is a non-GAAP measure and is calculated as revenues from oil sales much less royalties and creation costs. The Firm uses "operating netback" as an indicator of running overall performance, profitability and liquidity. Working netback is calculated as revenues from oil product sales significantly less royalties and manufacturing fees. Operating netback does not have a standardized that means approved by IFRS. It is unlikely for non-GAAP measures to be comparable to similar actions introduced by other companies. For the three months ended March 31, 2015, running netback was $ 3.six million (calculated as crude oil sales of $ 10.eight million significantly less royalties of $ 1.8 million and generation expenses of $ five.5 million). For the 3 months finished March 31, 2014, working netback was $ four.1 million (calculated as crude oil sales of $ nine.1 million much less royalties of $ one.3 million and production fees of $ three.seven million). (three) For the 3 months finished March 31, 2015, web reduction attributable to house owners of the Business provided $ three. million non-income, overseas trade obtain (a few months ended March 31, 2014 -- $ eighteen. million international exchange reduction) on intercompany financial loans. (4) "Resources movement from functions" is an additional GAAP evaluate simply because it is presented in the consolidated assertion of cash flows ('Cash offered by (utilised by) running pursuits, ahead of changes in non- money doing work capital'). The Firm uses "funds movement from functions" and "resources flow from operations for each share" to evaluate working functionality and liquidity. Money stream from operations is calculated as net money created from (used by) working pursuits (as decided in accordance with IFRS) ahead of alterations in non-money balance sheet operating items. Money circulation from operations for each share is calculated by dividing money stream from operations by the weighted average number of shares fantastic. Funds circulation from operations ought to not be considered an alternative to, or more significant than net cash created from (utilised by) working routines as determined in accordance with IFRS. Funds stream from functions for each share must not be regarded an option to, or far more significant than earnings (loss) per share as determined in accordance with IFRS. (five) Diluted weighted typical quantity of typical shares exceptional is computed by altering standard weighted common amount of common shares excellent for dilutive instruments. The amount of shares incorporated with regard to options, warrants and comparable devices is computed utilizing the treasury stock approach, which assumes any proceeds received by the Organization on exercise of the in-the-money instruments would be used to repurchase typical shares at the typical market price for the time period. For the three months finished March 31, 2015, nil (a few months ended March 31, 2014 - one,566,758) widespread shares were considered to be issued for no consideration in respect of alternatives. (6) Working capital is a non-GAAP measure and is calculated as present assets significantly less present liabilities. Functioning capital is employed to evaluate liquidity and standard financial power. Doing work funds does not have a standardized meaning recommended by IFRS. It is unlikely for non-GAAP actions to be equivalent to comparable steps offered by other businesses. Working funds ought to not be regarded as an different to, or a lot more significant than present assets or existing liabilities as determined in accordance with IFRS. -- Oil In addition Positive aspects: $ 21.four million of Oil Additionally positive aspects, which have not been identified in the monetary statements to day, have been utilized for and continue being to be collected. -- Gross Oil Sales: Throughout the a few months finished March 31, 2015, an regular of one,261 barrels of oil was offered for every working day (net) at an average selling price tag of $ 94.ninety eight generating gross oil income of $ ten.8 million. This compares to the three months finished March 31, 2014 when an average of one,238 barrels of oil was sold for each day (internet) at an regular promoting cost of $ 81.72 making gross oil revenue of $ nine.1 million. -- Net Reduction: For the very first quarter of 2015, net loss attributable to house owners of the Firm was $ one.6 million, which incorporated $ three. million of non- income, overseas trade gains on intercompany financial loans. This compares to internet reduction attributable to house owners of the Firm for the very first quarter of 2014 of $ 24.6 million, which incorporated $ eighteen. million of non-money, overseas exchange losses on intercompany financial loans.

Highlights and Current Actions

Argentina

-- In February 2015, the Hydrocarbons Commission of Argentina issued Resolution 14/2015 that produced the Crude Oil Creation Stimulus Software, which will be legitimate for the duration of 2015 and may be extended for up to an additional 12 months. The plan provides for a payment of US$ three.00 per barrel when quarterly production is equivalent or increased than a foundation creation level. The base production stage is 95% of creation for the fourth quarter of 2014. -- In November 2014, the Neuquen province in Argentina issued a decree granting Americas Petrogas and its joint undertaking partners (ExxonMobil and Fuel y Petroleo del Neuquen) an evaluation time period on the 4 Los Toldos Blocks, which measure around 163,800 acres or 663 sq. kilometers gross. The analysis period of time spans 4 (four) many years commencing Could 2014 and ending May possibly 2018. -- With respect to the Company's unconventional Vaca Muerta shale exploration wells on the Los Toldos blocks, the Organization, in conjunction with its partner, ExxonMobil, ongoing to conduct prolonged-expression generation tests on the LTE.x-one effectively and the ADA.x-1 well. -- Administration is continuing to operate diligently on a overview of strategic alternatives aimed at enhancing shareholder value. The options getting regarded by the overview incorporate joint ventures, farm-outs, sale of chosen belongings and company transactions.

Peru

-- In August 2014, the Business declared discovery of near-floor Sechura phosphate rock on its Bayovar House. The Company's Peruvian subsidiary finished a trenching system on Bayovar concession 6, one of 4 concessions on Americas Petrogas' Bayovar Residence. A complete of five (5) trenches were sampled above a distance of 350 meters. The lab final results ended up favourable. -- In 2015, the Business submitted on SEDAR the NI 43-one hundred and one Mineral Source specialized report on the Firm's drill holes on the Bayovar six, seven and eight concessions on its Bayovar House found in the Sechura Desert, Peru. -- In late 2014 and early 2015, the Company drilled several new holes on the Bayovar Property, drill cores from which are waiting to be assayed.

For additional information relating to the Company’s economic final results, fiscal situation and relevant modifications, you should see the consolidated economic statements and the relevant MD&ampA.

About Americas Petrogas Inc.

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Undertaking Exchange under the symbol “BOE”. Americas Petrogas has standard and unconventional shale oil and gas and limited sands oil and fuel interests in many blocks in the Neuquen Basin of Argentina. Americas Petrogas has joint venture companions, like ExxonMobil and YPF, on different blocks in the shale oil and gas corridor in the Neuquen Basin, Argentina. Americas Petrogas and Indian Farmers Fertiliser Co-operative Restricted (IFFCO) possess GrowMax Agri Corp., a personal company included in exploration for near-surface phosphates, potash and other minerals, and prospective growth of a fertilizer undertaking in Peru.

Forward-Searching Info

This Press Release consists of forward-looking data such as, but not constrained to, the Company’s targets and development method, the Crude Oil Creation Stimulus Software, extended-time period generation testing of the LTE.x-one properly and the ADA.x-one properly, outstanding Oil Additionally advantages, strategic options offered to the Company and the ongoing assessment of strategic choices, the assaying of new holes in Peru, and the discovery of phosphate rock in Peru. Additional ahead-searching data is contained in the Firm’s interim MD&ampA, and reference ought to be made to the extra disclosures of the assumptions, hazards and uncertainties relating to such forward-looking information in that document.

Forward-seeking data is based mostly on management’s anticipations regarding the Company’s long term growth, benefits of functions, production, future capital and other expenses (such as the volume, character and sources of funding thereof), competitive benefits, programs for and final results of drilling action (like the timing, place, depth and the variety of wells), environmental issues, organization prospective customers and possibilities and anticipations with regard to basic economic situations. This kind of forward-searching information demonstrates management’s current beliefs and assumptions and is based on info, such as reserves and methods info, at present accessible to administration. Ahead-looking details involves considerable identified and unknown hazards and uncertainties. A variety of factors could lead to real outcomes, efficiency or achievements to differ materially from any potential results, efficiency or achievements expressed or implied by the ahead-seeking info, like but not constrained to, hazards associated with the oil and gasoline industry (e.g. operational risks in growth, exploration and generation, delays or adjustments to strategies with regard to exploration or development tasks or money expenditures the uncertainty of reserve estimates the uncertainty of geological interpretations the uncertainty of estimates and projections in relation to manufacturing, charges and expenditures and overall health, basic safety and atmosphere pitfalls, extensions of concessions and commitments), the danger of commodity price tag and international exchange charge fluctuations, the uncertainty linked with negotiating with international governments and 3rd events situated in international jurisdictions and the danger associated with international exercise and the chance of getting unable to raise considerable cash on conditions satisfactory to the Firm to fulfill its cash and running expenditure demands in regard of its qualities.

NEITHER THE TSX Enterprise Exchange NOR ITS REGULATION Companies Provider (AS THAT Expression IS Described IN THE Guidelines OF THE TSX Undertaking Exchange) ACCEPTS Accountability FOR THE ADEQUACY OR Accuracy OF THE Launch.

Contacts: Americas Petrogas Inc. Barclay Hambrook, P. Eng., MBA President and CEO (403) 685-1888 [email protected] www.americaspetrogas.com

Resource: Americas Petrogas Inc.

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