Rose Petroleum plc

RTT News

10-September-2008

Vane Minerals first-half loss narrows

Vane Minerals Plc (VML.L: News ) reported first-half loss attributable to equity holders of GBP 671 thousand or 0.35 pence per share, compared to loss attributable to equity holders of GBP 864 thousand or 0.58 pence per share last year.

Pre-tax loss narrowed to GBP 729 thousand from GBP 968 thousand in the prior-year period.

The company's half-yearly revenues grew to GBP 1.06 million from GBP 692 thousand in the comparable period a year ago.

Moving ahead, the company anticipates active drilling programme scheduled for the second half of 2008 to generate positive news flow.