Posting of Annual Report

Spitfire Oil Limited today announces that the Annual Report for the year ended 30 June 2014 has been posted to shareholders.

Copies of the Annual Report are available on the Company’s website at www.spitfireoil.com.

Preliminary Results

Spitfire Oil Limited (“the Company”) and its wholly owned subsidiary, Spitfire Oil Pty Ltd (“Spitfire”), together (“the Group”), recorded a loss before tax for the year ended 30th June 2014 of A$4,538,212 (2013 A$289,639), after providing $4,249,592 (2013: $ nil) for a diminution in value of the Salmon Gums tenements. The Group benefited from interest received of A$143,897 (2013 A$220,495). Operating costs were reduced to A$432,517 (2013 A$510,136). In addition, A$194,039 (2013 A$21,656) was incurred and capitalised on licence fees and tenement management.

Continue reading →