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The latest announcement is out from LNG Energy Group ( (TSE:LNGE) ).
LNG Energy Group has announced an update to its strategic review process aimed at enhancing shareholder value through a variety of potential options, including financings and strategic partnerships. The company is also working on farming out a non-operating portion of its interest in the VIM-41 Block in Colombia and is pursuing financing to initiate the drilling of the B5 well. A recent amendment to its senior secured credit agreement provides covenant relief, enabling LNG Energy Group to proceed with its strategic initiatives and drilling program.
More about LNG Energy Group
LNG Energy Group is focused on the acquisition and development of natural gas production and exploration assets in Latin America.
YTD Price Performance: 80.0%
Average Trading Volume: 31,377
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.47M
For an in-depth examination of LNGE stock, go to TipRanks’ Stock Analysis page.