1st Oct 2026 07:16
1947 Oil & Gas PLC - London-based oil and gas company that aims at acquiring a portfolio of US assets - Says Renaissance LLC revenue fell 7.8% in the first half of the year to USD29.5 million from USD32.0 million a year earlier. Renaissance is a Huston-based oil and gas producer wholly-owned by 1947 Oil & Gas PLC. Renaissance, whose acquisition was completed on Monday upon admission of 1947 Oil & Gas on the AIM market, had a net income of USD1.9 million in the period, down 70% from USD6.3 million a year earlier. 1947 Oil & Gas says Renaissance is its first asset and "provides an immediate, material production base from which to pursue its broader growth objectives."
Current stock price: down 0.5% at 9.20 pence at Wednesday close
Change from listing on Monday: down 0.5%
By Camilla Borri, Alliance News reporter
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