Hartshead Resources NL (AU:HHR) has released an update.
Hartshead Resources NL reports a robust financial standing with over $22 million in cash and a strong partnership with Rockrose Energy, as it progresses its high-value P2607 gas development project in the UK Southern Gas Basin. The company is exploring innovative funding options to reduce upfront capital expenditure for infrastructure, potentially involving third-party investment and tariffs. Amidst ongoing discussions with political stakeholders, Hartshead anticipates policy changes that could affect the oil and gas fiscal regime, while celebrating success in the 33rd Licensing Round with ten new blocks secured.
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