Mirach Energy seeks further time extension to exit SGX watch-list

MIRACH Energy Limited is seeking a further extension until June 5, 2020 to exit the Singapore Exchange watch-list, the oil and gas company said in a statement on Monday.

Mainboard-listed Mirach had previously been given until Feb 28, 2019 to meet financial criteria that would allow it to exit the bourse's watch list. The company said it has been able to streamline its existing oil and gas business segment and operations to improve the group's cash flow, while also diversifying into new businesses to acquire new revenue streams.

Its efforts resulted in a consolidated pre-tax profit of US$766,000 for the financial year ended Dec 31, 2018, compared to a previous pre-tax loss of US$9.6 million.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: Hyflux, First Sponsor, Mirach Energy, Transcorp, Trek 2000, AMP CapitalTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Geo Energy swings into Q4 loss of US$5m, proposes dividendCOAL producer Geo Energy Resources has swung into a fourth-quarter net loss of US$5.0 million from a year-ago profit of US$3.4 million, due to a lower volume of coal sold and the steep fall in prices in November, higher production costs and higher interest costs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Boundless energy and 'Uncle Park': Why Vietnam is dreaming of the World CupHANOI: An escalating series of successes has got Vietnam dreaming of a maiden appearance at the World Cup - and it's an ambition that suddenly ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Charisma Energy warns of losses for Q4, fiscal 2018CHARISMA Energy expects to report a net loss for its fourth quarter and full year ended Dec 31, 2018, based on a preliminary review of the draft unaudited management results to-date, the Catalist-listed company said in a regulatory filing on Monday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Top China energy firm halts shale drilling after quakesHONG KONG (BLOOMBERG) - China's biggest oil and gas producer halted drilling in part of the country's top shale region after earthquakes left two dead, wrecked houses and caused dams to crack, according to local reports.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »