Clontarf Energy PLC - oil and gas exploration company focused on Ghana and Bolivia - Reports pretax loss for 2020 of GBP361,308, wider than GBP308,535 in 2019, as a direct result of administrative expenses rising. Says fully-funded for at least the next eighteen months after recent funding in May.
"The world is in a far better state now than this time last year. Hope has replaced fear. Once again spending is rising as pent-up demand bursts forth. The oil price is at a level attractive to new investment. The structural move to electric vehicles offers major possibilities for lithium producers, " firm says.
Current stock price: 0.35 pence
Year-to-date change: down 36%
By Lucy Heming;Â lucyheming@alliancenews.com
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Clontarf (CLON)