Deltic Energy PLC - AIM-listed natural resources investing company - Pretax loss widens to GBP1.0 million in the first half of 2022 from GBP691,754 a year before, as total administrative expenses increase to GBP1.0 million from GBP674,718. Recognises no revenue in either period. Believes that the overall outlook for the company is positive.
"Looking ahead, we are incredibly excited at being on the verge of drilling our first well with Shell. That will inevitably be the primary focus over the coming months, but we are equally excited about having added a further well to our drilling schedule in the form of Selene," Chief Executive Graham Swindells says.
"The quality of our prospects, coupled with strong partners committed to exploration and the opportunity to further grow our business, gives us a great deal of confidence in our potential to build on what we have achieved so far."
Current stock price: 3.63 pence, down 5.2% on Tuesday
12-month change: up 77%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Deltic Energy (DELT)