LNG Energy Group Q1 Results and Expansion

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

LNG Energy Group has reported a mixed first quarter for 2024, with notable achievements including an adjusted EBITDAX of $5.9 million and a strong operating netback, as well as the repayment of $8.9 million in bank debt. However, the company also suffered a net loss of $5.5 million. Additionally, they’ve secured two contracts to develop hydrocarbon production in Venezuela, signaling potential future growth.

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