Spitfire Oil Limited (“the Company”) announces that the annual report and accounts for the year ended 30th June 2016 has been posted to shareholders.
Copies of the annual report are available on the Company’s website www.spitfireoil.com and by request to the Company at 8th Floor, 54 Jermyn Street, London SW1Y 6LX, United Kingdom.
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 2016 of A$623,614 (2015 A$596,094), after providing $275,194 (2015: $288,217) for diminution in value of the Salmon Gums tenements. The Group benefited from interest receivable of A$125,328 (2015 A$144,291). Operating costs of A$473,748 (2015 A$452,168) were incurred. A$275,194 (2015 A$288,217) was incurred and capitalised on licence fees and tenement management.
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