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An announcement from Hartshead Resources NL ( (AU:HHR) ) is now available.
Hartshead Resources NL has entered into a Well Carry Agreement with RockRose Energy, which will fund 100% of Hartshead’s share of the Phase C Well Work Costs, reducing Hartshead’s interest in the P2607 Joint Venture from 40% to 35%. This agreement allows Hartshead to preserve its capital while continuing to advance its gas development projects, supported by a strong market demand in the UK and Europe. The company is also exploring innovative funding arrangements to optimize project cashflows and unlock greater shareholder value, while engaging with political stakeholders to foster a supportive regulatory environment.
More about Hartshead Resources NL
Hartshead Resources NL is an energy company focused on the development of gas fields, particularly in the UK and European markets. The company is involved in the P2607 Joint Venture, working on the development of the Anning and Somerville gas fields, and maintains a strong financial position with a significant cash reserve.
Technical Sentiment Signal: Sell
Current Market Cap: A$19.66M
Find detailed analytics on HHR stock on TipRanks’ Stock Analysis page.