CW PETROLEUM CORP Key Financial Highlights for Three Months Ended
- 2023 Revenues of
~$1.98 Million vs 2022 Revenues of~$2.16 Million - 2023 EBITDA of
$59,190 vs 2022 EBITDA of$95,342 - 2023 Net Income of
$2,415 vs 2022 Net Income of$7,308
Key Financial Highlights for Twelve Months Ended
- 2023 Revenues of
~$9.31 Million vs 2022 Revenues of~$7.96 Million - 2023 EBITDA of
$772,879 vs 2022 EBITDA of$(30,206) (Loss) - 2023 Net Income of
$356,470 vs 2022 Net Income of$(301,680) (Loss)
Management Commentary:
Chief Executive Officer
As of 10/1/2023, OTC Markets has assigned “Penny Stock Exempt” Status to
Detailed information about the Company OTC Markets at:
CWPE Disclosures
CWPE Security Detail
For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com, or call 281-817-8099
About
Forward-Looking Statements
Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
2024 GlobeNewswire, Inc., source
