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Curzon Energy Plc suffers a loss of USD 367,000 for H1 2020

1 min read | August 30, 2020 01:06 AM BST | By Team Kalkine Media
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Curzon Energy Plc (LON:CZN) has released its results for the six months to 30 June 2020.

  • The Company suffered a loss of USD 367,000 in the reported period, most of which were expenditures in relation to the maintenance of the commercial potential of its Coos Bay CBM project.
  • The company was having net cash of USD146,549 as at 30 June 2020 as compared to USD79,234 as at 31 December 2019.
  • The company also reported that the board is unlikely to recommend a dividend in the foreseeable future, given the nature of the business and its development strategy.

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