Hartshead Resources NL (AU:HHR) has released an update.
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Hartshead Resources NL remains committed to advancing the Anning & Somerville Gas Fields in the UK Southern Gas Basin, amidst ongoing fiscal policy discussions and a focus on innovative financing to reduce initial capital expenditures. While managing uncertainties, the company is streamlining operations by reducing contractor headcount, aiming to preserve its strong cash position. Positive market signals are observed with UK National Balancing Point gas prices strengthening to around 70p/therm.
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