CALGARY, AB, April 27, 2023 /CNW/ - Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce its operating and financial results for the three months and year ended December 31, 2022 and the results of Lycos' year-end independent oil and gas reserves evaluation as of December 31, 2022 (the "Reserve Report"), prepared by Sproule Associates Limited ("Sproule"), the Company's independent qualified reserves evaluator. Selected financial, operating and reserves information is outlined below and should be read with Lycos' audited annual consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months and year ended December 31, 2022 and annual information form ("AIF") for the year ended December 31, 2022, which are available at sedar.com and on our website www.lycosenergy.com. The highlights reported in this press release include certain non-IFRS financial measures and ratios which have been identified using capital letters. The reader is cautioned that these measures may not be directly comparable to other issuers; refer to additional information under the heading "Specified Financial Measures".
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