The first set of full-year results as a listed company from oil explorer Red Emperor Resources proved mildly disappointing, with the loss before tax more than doubling.
Loss before tax in the 12 months to the end of June was $2.77m, versus a loss the year before of $1.15m.
Share based payments of $0.58m and listing fees of $0.42m added to the company's losses.
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Revenue from continuing operations surged to $193.7m from $20.5m the year before.
The shares fell 0.88p to 12.75p on the results.
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