Rose Petroleum said the six months to June 30 has been one of sustained progress for the group.
"During the period we have rationalised the asset base and significantly reduced our operating costs as we look to position the Company for future profitability and growth," said CEO Matthew Idiens.
"We are looking to the future with confidence and optimism.
"Our objectives going forward are threefold: firstly, to progress our Oil & Gas asset by completing the permitting process for the planned 3D seismic shoot in the Paradox Basin; secondly, to increase revenue by commencing joint venture partnerships with our gold mining and milling operations in Mexico; and thirdly, progress the Cuban gypsum project and successfully complete the negotiation process and commence construction of the plant.
"I would like to take this opportunity to thank our employees, consultants and shareholders for their hard work and commitment to us during this transformational period."
At 9:22am: (LON:ROSE) Rose Petroleum Plc share price was 0p at 0.14p