Hartshead Resources NL (AU:HHR) has released an update.
Hartshead Resources NL is evaluating the financial impact of recent changes in the UK’s Energy Profits Levy, which raises the tax rate and adjusts allowances affecting the oil and gas sector. With UK gas prices strengthening, the company remains optimistic about advancing its Southern Gas Basin assets and making a final investment decision soon. The changes are seen as a step towards fiscal stability, despite causing an eight-month delay in project timelines.
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