Warrego Energy (ASX:WGO) report net loss of $3.29 million

Company News

by Rachael Jones

Warrego Energy (ASX:WGO) has reported a net loss of $3.29 million for the half year to December 31st 2020, versus a loss of $2.49 million in the prior corresponding period.

Warrego is in a joint venture with Strike Energy to develop the Erregulla gas fields in Western Australia and said it signed a gas sales agreement with Alcoa in September to supply 155 petajoules of natural gas from the West Erregulla fields when developed.

Shares in Warrego Energy (ASX:WGO) are trading 2.17 per cent higher at 24 cents.