Thursday, December 3, 2015

Mirach Energy goes up on Watch-List

Mirach Energy says the company will be put on the Watch-List of the Singapore Exchange from Thursday.

The company says it will “endeavour to meet the requirements of Listing Rule 1314 as soon a possible to exit from the watch-list, via improved operations, albeit a weaker Minerals, Oil and Gas industry climate as a whole”.

Mirach Energy reported losses of between US$4.9 million ($6.9 million) to US$5.6 million from FY12 to FY14.

In 3Q15 ended Sept, it announced a quarterly loss of US$3.2 million.

Mirach Energy last traded at 25 cents.

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