LNG Energy Group Expands Amid Solid Q2 Financials

LNG Energy Group (TSE:LNGE) has released an update.

LNG Energy Group reported a second quarter with solid financials, including an Adjusted EBITDAX of $5.7 million, a slight decrease from the previous quarter. The company expanded its operations by securing contracts to develop hydrocarbon resources in Venezuela and launching a new Oilfield Services Division for additional revenue streams. Despite a production decline due to maintenance and workovers, the company is planning to drill more wells in the latter half of the year.

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