8th Sep 2020 18:13
i3 Energy PLC oil & gas company with assets in UK - For half-year ended June 30, pretax loss widens to GBP6.8 million from GBP4.4 million last year. Says majority of loss resulted from expenses relating to day-to-day operations and fees associated with purchase of Toscana debt and planned corporate acquisitions. Looking ahead, says it will continue efforts in remainder of 2020 and beyond to grow production business and build scale required to maximise value creation after acquisitions.
Current stock price: 4.95 pence
Year-to-date change: down 59%
By Arvind Bhunjun; [email protected]
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