Union Jack Oil plc reported a transformative six months of the year with its inaugural profits attributed to the Wressle joint venture onshore oil and gas project in Lincolnshire. FINANCES The company’s unaudited results for the half year ended 30 June 2022 showed revenues soared to £4,384,254 (H1 2021: 241,467). Gross profit swung to a […]
Tag: company results
Capricorn keeps open Tullow merger options
Capricorn Energy plc said it was considering alternative transactions while maintaining that its proposed merger with Tullow Oil & Gas plc would create a stronger and more resilient business. PROPOSED MERGER Announcing the company’s half year results, chief executive Simon Thomson said that the proposed enlarged group would have assets in Ghana, Egypt, Gabon and […]
Cora Gold increases losses
Cora Gold Ltd recorded an increase in losses as it progressed its Sanankoro project in the Yanfolila gold belt, southern Mali. FINANCES The company’s interim results for the six months ended 30 June 2022 showed losses of US$954,000 (H1 2021: $716,000). Cash and equivalents fell to $2,022,000 (H1 2021: $5,676,000). OPERATIONS During H1 2022, Cora completed a […]
Alba losses rise following GreenRoc listing and increased exploration
Alba Mineral Resources plc recorded an increase in losses following the AIM listing of its investee company GreenRoc Mining and increased exploration activities. INTERESTS The company’s interim results for six months ended 31 May 2022 incorporate Alba’s subsidiaries operating in Wales (gold) and Limerick (lead and zinc) as well as investments in Greenland (graphite and […]
Chesterfield losses widen as field work progresses
Chesterfield Resources plc losses widened as the company continued field activities at its copper-gold portfolio in Cyprus and Canada. FINANCES The company’s interim results for the first half of 2022 showed pre-tax losses of £491,607 (H1 2021: £433,538). The group’s net cash balance as at 30 June 2022 was £663,226 (H1 2021: £1,504,973). Administration costs rose to £536,739 (H1 2021: £433,538). Chesterfield recorded revenue […]
Galantas feels cost pressures but cuts losses
Galantas Gold Corp has reduced losses but recorded no sales revenue as it experiences pressure from fuel, energy and labour costs at its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for Q2 2022 showed net loss as CAD$1,580,168 (Q2 2021: $2,888,568). Galantas made a cash loss from operating activities […]