RE: Annual results on website posted.22 Jun 2023 13:38
DMcG, the loss was predoninantly due to the write of of the Australian well that was not commercial
"the total costs of £4,095,294 incurred on the Sasanof-1 Well were written off in full in the current year"
In addition there was a commission on the £1.3M placing at the beginning of this year of a further £174K
So on the whole the loss was in line with the previous year. There is no negativity at all in these well produced and presented Results.