Financial PerformanceThe firm reported a net loss of $8.2M, or ($0.12) per share, during the quarter, compared to a net loss of $2.9M, or ($0.05) per share, in 1Q24.
Risk FactorsRisks include commodity price risk, operating and technical risk, financial risk, and political risk.
Valuation AdjustmentsAdjustments to the valuation model, including a change to the discount rate to 11.0%, partially offset the positive effects on the price target.