Emerald Oil not returning to production in September

Capital Market listed company Emerald Oil will not be able to start production in early September. This information has been known from DSE sources.

It is learned that the company could not renew its license as the office was closed for a long time due to lockdown. Due to which the company is not going into production. Shares of banks and financial institutions have also been delayed due to changes in their transaction times. Emerald Oil needs more time to solve all these problems. Therefore, the board of directors of the company has decided that the company has not yet returned to the state of starting production from September 1. The company will inform the production date later after resolving the issue.

Sunbd/NJ