News blog
Gasol
- BY: Andrew Hore |
- POSTED: 08/09/2010 |
Gasol reduced its loss from £7.18m to £5.08m in the year to March 2010.
Gasol has no income. There was a £3.84m operating cash outflow during the year. Net debt was £952,000 at the end of March 2010 and more cash will be required. Management admits that it will be difficult to raise the cash it requires. Finding the right partners will be important.
Gasol is continuing with its strategy of developing small scale LNG projects as well as becoming involved in the gas-to-power sector in West Africa.
At 0.93p a share, up 0.025p, Gasol is valued at £10.2m.
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