LONDON (Thomson Financial) - Nautical Petroleum Plc. said its full-year
pretax loss widened to 4.52 million pounds from 863,000 pounds last year, hit by
a 3.2 million pounds exploration costs write-off, but added it looks forward to
the future with a high level of confidence.
The exploration and petroleum company said its core Kraken and Mariner
assets are on track for Field Development Plan (FDP) submissions in late
2009/mid-2010.
It added it has cash resources 20.1 million pounds, which will take it to
FDP submissions for Kraken and Mariner.
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