UK Oil & Gas plc posted a swing to a loss and a decrease in group revenue for the first half of 2025. HORSE HILL Interim results showed gross losses amounted to £0.47 million compared with a £0.22m profit for H1 2024. The company said that the fall was due to a rise in the […]
Tag: company results
Metals marks ‘record-breaking’ quarter
Metals Exploration plc has doubled its pre-tax cash and increased gold revenue from operations at the Runruno mine in the Philippines. DISCIPLINE The company’s unaudited results for Q2 2025 showed record pre-tax free cash flow of US$47.2 million compared with Q1 2025 of $23.5m. Record gold revenue totalled $70.5m ($48.4m) from a “strong, consistent operational […]
Beacon temporarily suspends trading
Beacon Energy plc today temporarily suspended its shares from trading until it announces and publishes an admission document. LOSSES The company’s local subsidiary previously accumulated debts of €7.5 million following a poor show from drilling on the Erfelden field in Hessen, Germany. In January, Beacon became a cash shell after creditors sold certain assets, marking […]
UKOG suspends trading pending annual report
UK Oil & Gas plc has suspended trading following a delay in publication of its annual report and accounts. The report for year ended 30 September 2024 will not be published by 31 March 2025, the date set according to AIM rules. The company said that trading will be temporarily suspended from 7.30 am on […]
Parkmead in talks to sell offshore UK licences
The Parkmead Group plc is in talks to sell its offshore UK licences as the company posted a swing to a profit in its full-year preliminary results. ASSETS The affected interests lie in the UK West of Shetland, Moray Firth and central and southern North Sea. Included in the portfolio is part ownership of licence […]
Helium One losses rise in ‘transformational’ year
Helium One Global Ltd’s losses more than quadrupled from a busy year at its operations in southern Rukwa, Tanzania and its new joint venture in Colorado, USA. BUSY Results for year ended 30 June 2024 showed a total comprehensive loss of US$11,012,204 compared with $2,672,915 for the year to 30 June 2023. The company said […]