Crude Oil (WTI)

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XD0015948363

Delayed OTC Data Services 04:52:33 09/05/2024 am IST			5-day change	1st Jan Change
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08/05	Energy Drops as Traders Await Developments in Gaza - Energy Roundup	DJ
08/05	Fed Official's Comments, Corporate Earnings Leave Equity Markets Mixed	MT

Pennpetro first half loss widens, but optimistic for 2024

December 28, 2023 at 04:18 pm IST

Pennpetro Energy PLC - Texas-focused oil and gas company - In the six months that ended September 30, pretax loss widens to USD1.1 million from USD60,000 a year earlier. This is accounted for entirely by mounting administration expenses. Looking ahead, says: "Pennpetro's new ventures announced since March of this year are transformational for Pennpetro and we see excellent opportunity for growth in 2024. The board takes this opportunity to thank shareholders, old and new, its management, consultants, and advisers for their continued support and if the current oil price environment holds up this year it and allows the company to move towards it aims of being a positive cashflow oil developer and producer."

Current stock price: 2.11 pence, down 6.2% on Thursday

12-month change: down 71%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 30	11,128 PTS	-1.12%	+2.02%	-
BRENT CRUDE OIL SPOT	83.69 USD	+0.90%	-2.56%	-
WTI	78.97 USD	+1.10%	+0.08%	-
PENNPETRO ENERGY PLC	0.775 GBX	0.00%	0.00%	821K

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