Phoenix Global Resources plc announced unaudited group earnings and production results for the six months ended June 30, 2018. For the period, the company reported revenue of USD 92,876,000 compared to USD 58,041,000 a year ago. Operating loss was USD 19,887,000 compared to USD 5,109,000 a year ago. Adjusted EBITDAX was USD 28,413,000 against USD 15,025,000 a year ago. EBITDAX was USD 18,449,000 against USD 15,025,000 a year ago. Loss before taxation was USD 30,775,000 compared to USD 7,031,000 a year ago. Loss for the period was USD 41,887,000 against USD 6,988,000 a year ago. Basic and diluted loss per share was USD 0.02 against 0.01 a year ago. Net cash flows generated from operating activities was USD 6,431,000 compared to USD 5,455,000 a year ago. Payments for property, plant and equipment and intangible assets was USD 54,598,000 compared to USD 11,428,000 a year ago. Net debt as on June 30, 2018 was USD 121.8 million compared to USD 16.1 million a year ago.

For the second quarter the average total daily production volumes was 10,422 boepd.

For the period, Average daily production was 10,776 boepd.