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Hartshead Resources NL ( (AU:HHR) ) has issued an update.
Hartshead Resources NL has provided an update on its operations during the quarter ended December 2024. The company remains focused on the development of the Anning and Somerville gas fields, adjusting plans in response to recent UK government changes to the Energy Profits Levy. Hartshead is exploring innovative funding solutions to optimize project cash flows and reduce upfront capital expenses. Additionally, the company has engaged with political stakeholders to ensure a favorable regulatory environment and has been reassessing gas export routes due to changes in asset ownership. The project aims to progress to a Final Investment Decision, with ongoing discussions on advancing project economics and timelines.
More about Hartshead Resources NL
Hartshead Resources NL is a company involved in the gas industry, focusing on developing high-value gas projects. They are currently working on the Anning and Somerville Gas Fields, primarily targeting the UK and European gas markets. The company is well-positioned financially with over $22 million in cash and a strong technical team, collaborating with Rockrose Energy as a joint venture partner.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.51M
See more data about HHR stock on TipRanks’ Stock Analysis page.
