1st Jul 2021 18:03
Pennpetro Energy PLC - oil & gas company - Revenue for 2020 is USD66,798, versus nil the year before. Pretax loss narrows to USD1.0 million from USD1.7 million. Says year was challenging. "In February of 2020 after selling oil commercially from our initial well in the Gonzales field, as the world went into lockdown, we suspended all operations and activities in line with the requests of the US Government and Texas State Legislators. With operations unable to continue we sought to shape Pennpetro to emerge stronger and better positioned to accelerate its growth profile from these challenging times," it says. Remains confident in assets and US operations.
Current stock price: 46.50 pence
Year-to-date change: up 75%
By Lucy Heming;Â [email protected]
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