The Parkmead Group plc is in talks to sell its offshore UK licences as the company posted a swing to a profit in its full-year preliminary results. ASSETS The affected interests lie in the UK West of Shetland, Moray Firth and central and southern North Sea. Included in the portfolio is part ownership of licence […]
Tag: company results
Helium One losses rise in ‘transformational’ year
Helium One Global Ltd’s losses more than quadrupled from a busy year at its operations in southern Rukwa, Tanzania and its new joint venture in Colorado, USA. BUSY Results for year ended 30 June 2024 showed a total comprehensive loss of US$11,012,204 compared with $2,672,915 for the year to 30 June 2023. The company said […]
Altona cash falls as investments continue
Altona Rare Earths plc posted a fall in cash reserves as it continues to diversify its portfolio alongside continued investment in its flagship Monte Muambe project in Mozambique. INVESTOR Year results ended 30 June show a decrease from £1.1 million to £400,000 although offset by new loans totalling £900,000. Altona’s investments rose from £1.6m to […]
Europa revenues fall on lower production-prices
Europa Oil & Gas (Holdings) plc revenue fell by nearly half on lower oil production and prices following a busy and “at times challenging” year. POTENTIAL The company’s interests are onshore UK – notably the Wressle joint venture – Equatorial Guinea and Ireland. Results for 12 months ended 31 July 2024 show revenue fell 46% […]
Beacon losses increase at Erfelden
Beacon Energy plc resumed trading following publication today of its annual audited accounts for its operations in the Erfelden field in Hessen, onshore Germany. POTENTIAL Comprehensive loss for 2023 totalled $3.7 million (May – December 2022: $1m) while cash and equivalents increased to $4.8m by year end. Continued cost reductions, due to be fully implemented […]
Borders makes ‘key changes’ as cash decreases
Borders & Southern Petroleum plc posted a decrease of £1 million in cash as it continues to seek a farm-in partner for its three production licences in the South Falkland Basin. APPRAISAL Interim results show the company held cash of $756,000 as at 30 June (June 2023: $2.41m and December 2023: $1.9m). Operating loss for the […]