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UMC Energy Corporation Ord NPV (UEP)

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15-May-2015 09:34 AM

UMC Energy Corp widens FY pretax loss

UMC Energy Corp has booked a FY pretax loss of $2.9m, from a loss of $2.6m. Revenue was nil. Administrative expenses and finance costs comprised the rump of the losses. At 9:34am: (LON:UEP) UMC Energy PLC share price was 0p at 2.25p Story provided by
24-Sep-2014 09:57 AM

UMC Energy slightly narrows H1 pretax loss

UMC Energy Corp has booked an H1 pretax loss of $1.26m, from a loss of $1.3m. Revenue was nil. Most of the losses were due to administrative expenses and finance costs. At 9:57am: (LON:UEP) UMC Energy PLC share price was +0.01p at 2.88p Story provide
28-May-2014 01:44 PM

UMC Energy pre-tax losses narrow

UMC Energy posts pre-tax losses of $2.6m for the year to the end of December - down from a restated $6.5m last time. Administrative expenses fell to $1.97m from $2.7m and there were impairments compared with a charge of $3.05m in 2012. The principal act
23-Apr-2014 12:44 PM

Board change at UMC Energy

UMC Energy has announces that Robert Cleary, a non-executive director, has retired from the company's Board with immediate effect. At 12:44pm: (LON:UEP) UMC Energy PLC share price was +0.01p at 2.88p Story provided by StockMarketWire.com...
03-Jan-2014 10:17 AM

UMC Energy project with CNOOC on schedule

UMC Energy has updated the market on the progress of the 3,000 line kilometre 2D seismic acquisition programme over the offshore Petroleum Prospecting Licences (PPL), PPL374 and PPL375, in Papua New Guinea held 100% by Gini Energy. UMC Energy holds a 30%
18-Sep-2013 07:49 AM

UMC Energy widens H1 pretax loss to £0.8m

UMC Energy widened its first-half pretax loss to £0.8m, from a loss of £0.5m. It booked nil revenue. Administrative expenses totalled £0.21m, from £0.25m. "The Company remains dependent on loan funds being made available to it by Natasa Mining L
24-May-2013 01:25 PM

Natasa Mining hit by impairment losses

Natasa Mining plunged into the red in the year to the end of December with a pre-tax loss of $7.1m loss against a profit of $5.6m last time. The company posted impairment losses on intangibles, investments and receivables of $185,000, $6.2m and $463,126
24-May-2013 01:14 PM

UMC Energy hit by Madagascar upheaval

UMC Energy posts consolidated pre-tax losses of £4.1m for the year to the end of December - up from £761,162 last time. Administrative expenses rose to £1.6m from £569,850 and there was an impairment charge of £1.9m (2011: nil) due to political uphe
14-Feb-2013 01:14 PM

UMC confirms prospective structures offshore PNG

An independent technical and prospectivity review has identified structures at two offshore licences in Papua New Guinea, according to UMC Energy. The company - which holds a 30% interest in the licences alongside its exploration partner, CNOOC - said
19-Nov-2012 08:20 AM

UMC Energy report gas and oil finds

UMC Energy has reported gas and oil finds at the onshore Petroleum Prospecting Licences (PPL) 378 and 405, run by Gini Energy. It holds a 30% interest in Gini, with CNOOC Ltd holding a 70% interest. Mr. Chris Hart, Technical Director of UMC Energy, said
13-Nov-2012 07:54 AM

Cleary joins UMC Energy board

UMC Energy has announced the appointment of Robert Cleary as Non-Executive Director of the Company, with immediate effect. Cleary was employed for 18 years by the Rio Tinto/North Ltd/Energy Resources Australia Ltd group. His last position with that or
25-Sep-2012 08:37 AM

Losses remain at UMC Energy

Losses at UMC Energy in the first half of the year were around £529,000. This compared with a loss of £439,000 for the same period in 2011. The company says it remains dependent on loan funds being made available to it by Natasa Mining to meet its wor
27-Jun-2012 11:07 AM

UMC Energy AGM resolutions pass

UMC Energy (LON:UEP) has advised that all resolutions put to shareholders at today's annual general meeting were duly approved. At 11:07am: (LON:UEP) share price was +0.63p at 10.63p Story provided by StockMarketWire.com...
29-May-2012 03:30 PM

UMC Energy pre-tax losses fall

UMC Energy's pre-tax losses fell to £761,162 in the year to the end of December - down from £2.8m last time. The company's figures for 2010 included an impairment charge of £2.6m against nil last year. In September, the group acquired one o
26-Mar-2012 10:31 AM

UMC announces Papua New Guinea farm-out

UMC Energy (LON:UEP) has announced the farm-in of Chinese state energy giant CNOOC into its Papua New Guinea assets. The company acquired three Petroleum Prospecting Licences in Papua New Guinea, namely, offshore PPLs 374 and 375 and onshore PPL 378 in
14-Apr-2010 12:14 PM

UMC Energy mothballs exploration activity

Madagascar-based UMC Energy has curtailed all exploration activities while the politicial unrest in the Country continues. Since February 2008, the Company has been dependent on loan funds being made available to it by Natasa Mining to meet its working
16-Oct-2009 11:04 AM

Natasa Mining swaps UMC debt for majority stake

Mineral exploration investor Natasa Mining has increased its stake in AIM-listed UMC Energy from 20.58% to 89.99% as a result of capitalisation of A$2.4m of UMC debt to the company. The capitalisation equates to a conversion price per UMC share of 0.63p...
 
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