29th Oct 2014 08:09
LONDON (Alliance News) - Forum Energy PLC shares rose early Wednesday after the company said its revenue jumped in the first nine months of the year on the back of the start of production at the Galoc oil field.
Forum said its unaudited revenue for the first nine months to September 30 was USD6.1 million, up from USD3.4 million a year earlier.
The revenue was boosted by the start of Phase 2 production at the Galoc oil field in the Philippines, Forum said.
Shares in the company were up 13.9% to 33.04 pence in early trade, making it the best performer on the AIM All-Share index.
By Sam Unsted; [email protected]; @SamUAtAlliance
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