LONDON (Thomson Financial) - PLUS-listed Worldwide Natural Resources Plc.
(WNR) posted a narrower first-half loss, benefiting from lower costs, and said
it has identified a number of potential acquisitions and is in talks with
shareholders of Lumax Oil Spa.
WNR, which had no turnover during the six months to Jan. 31, 2008, added
that Lumax has a number of permits and concessions to explore and exploit
hydrocarbons and gas discoveries in Italy.
WNR's pretax loss narrowed to 93,404 pounds from 359,725 pounds during the
period, while administrative costs fell to 94,379 pounds from 392,441 pounds.
On March 13, WNR said it has requested a temporary suspension of trading in
its shares on the PlusMarkets, in light of its reverse takeover of Lumax.
WNR invests in businesses with a focus on manufacturing or services or
technology companies in the oil and gas exploration sector in the Middle East,
Europe or Africa.
TFN.newsdesk@thomson.com
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