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Curzon Energy working hard behind the scenes

Published: 04:25 27 Sep 2019 EDT

Gas installation
The company is mulling participation in the Texas Gas Project

Coal-bed methane project developer Curzon Energy PLC (LON:CZN) remains focused on finalising a transaction with Pared Energy to participate in the Texas Gas Project.

In a brief interim results statement, the pre-revenue company said it remains committed to maximising value in its existing Coos Bay coal bed methane project while doing its due diligence on the Pared Energy opportunity that could see the company acquire an interest in the Texas Gas Project and participating in a drilling campaign in Texas.

The company continues to assess additional oil and gas opportunities on an ongoing basis.

“While progress to date has largely occurred behind the scenes, we look forward to delivering on such initiatives in the near term,” said chief executive officer, Scott Kaintz.

The company made a loss before tax of US$583,867 in the first half of 2019, little changed from a loss of US$530,990 in the same period of 2018.

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