Europa Oil & Gas (Holdings) plc saw revenue more than quadruple and onshore oil production increase by 183% mainly from its share in the Wressle joint venture in the East Riding of Yorkshire. FINANCES The company’s final results for the year to 31 July 2022 showed revenues of £6.6 million (2021: £1.4m), and pre-tax profit […]
Tag: company results
Egdon revenues rise by 530% on Ceres-Wressle success
Egdon Resources plc reported a 160% increase in production and more than 530% rise in oil and gas revenues mainly from onshore oil production at Wressle in North Lincolnshire and offshore Ceres gas field. FINANCES The company’s preliminary results for the year ended 31 July 2022 showed revenues of £6.91 million (2021: £1.09m) following “significantly […]
Block production and revenue fall in Georgia
Block Energy plc reported a fall in production and revenue during the third quarter from its operations in Georgia. FINANCES Revenue was $1,833,000 (Q2: $2,228,000) while the cash balance was $1.1m (30 June 2022: $1.4m). Block Energy said the decrease in cash reflected the cost of drilling well JSR-01, ordering of long-lead items associated with […]
Ormonde cuts losses and considers next projects
Ormonde Mining plc’s “significant reductions” in management salaries resulted in more than halving losses from its base and precious metal operations in Spain. FINANCES For the six months ended 30 June 2022 the company’s results showed post-tax losses of €363,000 (2021: €630,000 loss). Ormonde held €3.4m in cash (€3.7m at 31 Dec 2021). OPERATIONS The company conditionally sold La Zarza for €2.3 […]
IGas swings to a profit and nearly doubles revenues
IGas Energy plc swung to a profit and reduced debt following “exceptionally strong” commodity prices for its onshore oil and gas assets in England and Scotland. FINANCES In the company’s interim results to six months ended 30 June 2022, interim executive chairman Chris Hopkinson also called for streamlined regulations for shale gas following the Government […]
CAML cautions over global inflation
Central Asia Metals plc reported an increased dividend from a strong financial performance driven by high commodity prices for its Kounrad copper operations in Kazakhstan and Sasa lead-zinc mine in North Macedonia. DIVIDEND In the company’s unaudited interim results for the six months ended 30 June 2022 chief executive Nigel Robinson announced an increase in […]