Desire Petroleum narrows annual losses

Desire Petroleum narrowed its losses in 2012 as the oil and gas company slashed costs of production.

Desire Petroleum narrowed its losses in 2012 as the oil and gas company slashed costs of production.

The North Falkland focused company saw the loss for the year decreased from $42.5m to $3.8m, mainly due to a drop in exploration and evaluation expenses from $41.7m to $1.8m.

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