Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Alliance News


Europa Oil & Gas Pretax Loss Narrows In First Half

Tue, 4th Apr 2017 14:38


LONDON (Alliance News) - Europa Oil & Gas (Holdings) PLC on Tuesday reported a narrowed pretax loss in the first half of its financial year.

The oil and gas company said its pretax loss in the six months ended January 31 narrowed to GBP207,000 from GBP577,000 the year before, as revenue grew to GBP811,000 from GBP624,000 and it booked lower administrative expenses.

During the half, Europa sold a 3.3% interest in PEDL180 and PEDL182 in the East Midlands to Union Jack Oil PLC for GBP600,000, agreed the sale of a 10% interest in the same licence to Upland Resources PLC for up to GBP1.9 million, and increased its interest in PEDL299 and PEDL343, both also in the East Midlands, through the acquisition of Shale Petroleum (UK) Ltd.

"Since the beginning of the financial year, a number of farm-outs and sales have been signed across our licence base raising non-dilutive capital for Europa. The remainder of 2017 will see Europa participate in high impact development and exploration projects for which our

share of the costs is now funded," Chief Executive High Mackay said in a statement.

Shares in Europa were trading up 4% at 5.20 pence on Tuesday.

By Karolina Kaminska; karolinakaminska@alliancenews.com; @KarolinaAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

Alliance News



Back to Alliance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.