ACP Energy PLC Faces Transaction Delays and Losses

ACP Energy PLC (GB:ACPE) has released an update.

ACP Energy PLC, an oil and gas sector player, reported an unaudited interim financial loss for the six months ending December 31, 2023, with a larger loss than the same period in the previous year. A significant financial backer’s death disrupted a planned transaction, causing delays and leaving the company seeking alternative funding arrangements, including a conditional agreement with a private Singaporean company. Despite setbacks, ACP Energy remains focused on completing the transaction and will update shareholders as developments occur.

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