Angus Energy PLC - oil and gas development company - Records no revenue for six months to March 31 compared with GBP68,000 a year ago. However, pretax loss narrows to GBP1.5 million from GBP1.6 million as administrative expenses fall to GBP1.2 million from GBP1.4 million. With Saltfleetby project now fully funded and oil and gas prices recovering from pandemic-induced lows, firm looks forward to first gas in 2021. "As we work hard to achieve this, we remain focused on delivering value from all the assets in our portfolio, which includes our Geothermal project. Together with our funding partners we are well placed to take the company forward and achieve our objectives," says Angus.
Current stock price: 0.765 pence
Year-to-date change: down 15%
By Lucy Heming;Â lucyheming@alliancenews.com
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Angus Energy (ANGS)