Clontarf Energy plc said it was considering further financing for its activities as the company’s losses reached £4.8 million from its oil and gas and more recent lithium interests. FINANCES The group has a 60% working interest in the Tano block in Ghana, a memorandum on the Chad Basin, and in 2023 signed a joint […]
Tag: company results
Borders increases cash as farm-out talks continue
Borders & Southern Petroleum plc has nearly quadrupled its cash balance as talks continue for a farm-out for its licences, including the Darwin gas condensate discovery, offshore Falkland Islands. FINANCES Audited annual results for 2022 showed $4 million (£3.2m) raised before expenses through two capital raises. The company’s cash balance increased to $2.7m (2021: $0.71m) […]
Kistos profits rise as projects review continues
Kistos Holdings plc’s increase in profits has failed to deter the company from reviewing opportunities outside the UK and Netherlands to avoid “unstable fiscal regimes”. FINANCES Full year 2022 results showed operating profits of €276.3 million (2021: loss of €62.8m) and pre-tax profits of €254.1m (2021: loss before tax of €73.9m). Taxes of €228m, which […]
Galantas makes ‘significant progress’ at Cavanacaw
Galantas Gold Corp said it had made significant progress to restart the Cavanacaw mine in Omagh, Northern Ireland. OPERATIONS In the Canadian company’s unaudited results for the first quarter ending 31 March 2023, chief executive Mario Stifano added that the company was developing engineering plans to accelerate development to the Joshua vein by 12 months. […]
Hurricane Energy profits surge and debt clears
Hurricane Energy plc recorded a surge in post-tax profits from a “challenging and highly successful” year at its Lancaster field operations, west of Shetland. FINANCES Full-year results for the year ended 31 December 2022 showed company revenues increased to $310.8 million from six liftings of Lancaster crude (2021: $240.5m from seven liftings). Profit after tax for the period amounted to […]
Prospex to use strong foundations for organic growth
Prospex Energy plc said it had laid the foundations for organic growth at its operations from the Selva gas field in Italy and electricity generation in Spain. FINANCES Audited final results for the year ended 31 December 2022 showed an increase of the company’s total assets to £16,064,640 (2021: £6,697,305). Prospex added that the 240% […]