30th Jun 2020 19:30
Pennpetro Energy PLC - oil and gas company - Reports pretax loss of USD1.7 million for 2019, widening from USD788,630 the year before. This was as administrative expenses increased to USD1.1 million from USD595,074. "For 2020, our main objectives are to build upon the initiative that commenced with the completion of our initial well, COG#1-H, and to further acquire additional land leases and to progress the permitting and horizontal development of our second objective well," the company said.
Current stock price: 42.50 pence
Year-to-date change: down 21%
By Lucy Heming;Â [email protected]
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