Mayan Energy posts a gross loss of US$1,279,000 for the six months to the end of June - down from US$2,141,000 last time. Revenues fell to $50,000 from $349,000 last time
The group says the reduction in losses is attributable to cost savings made, and lower operational losses suffered. The reduction in revenue numbers is attributable to the decline in performance of Mayan’s other (non-core) interests, with production from Shoats presently limited to LM20, which only came on stream in late April 2016.
At 3:15pm: (LON:MYN) Mayan Energy Limited Ord Npv Di share price was +0p at 0.01p