Empyrean Energy narrows losses on lower costs

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Oil and gas development company Empyrean Energy reported narrower losses in the first half of the year on lower operating costs.

For the six months ended 30 September 2020, pre-tax losses narrowed to £447,000 from £461,000 year-on-year as costs declined to £441,000 from £444,000.

Looking ahead, the company said it continued to 'make steady progress on its portfolio of exploration projects, primarily in China and Indonesia, during the half year period.'

At 8:23am: (LON:EME) Empyrean Energy PLC share price was 0p at 4.25p