26th Aug 2021 17:38
Empyrean Energy PLC - oil & gas development company with interests in China, Indonesia and US - Pretax loss for financial year ended March 31 slims to USD953,000 from USD995,000 year-on-year. No revenue recorded for either period. Firm boosted by foreign exchange gain of USD20,000, compared to loss of USD34,000 the year before. Says year saw "significant progress", particularly in China and Indonesia. "Overall, the activities completed during the year have positioned the company to realise the significant and potentially game changing upside potential of its Chinese assets, and we look forward to the drilling program that is set to commence at Jade at the end of the calendar year," says Chief Executive Tom Kelly.
Current stock price: 5.7 pence
Year-to-date change: up 12%
By Lucy Heming;Â [email protected]
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