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2025 Audited Annual Results & Notice of AGM
Buccaneer Energy PLC announced its audited annual results for the year ended December 31, 2025, reporting revenues of $1,514,000, a decrease from $2,038,000 in 2024, attributed to lower average oil prices of $61.76 per barrel compared to $72.24 in the prior year. The company incurred an operating loss of $1,838,000 and a net loss of $2,178,000 for the year, with administrative expenses rising to $1,380,000. Despite these figures, Buccaneer Energy highlighted progress in its operations, including asset acquisitions and the potential for increased production through waterflood projects and organic oil recovery, while its credit facility was extended and its reserve base increased by 6%. Disclaimer*
About this update from Buccaneer Energy Plc
[{"type":"text","content":"\n\n\n \n \n29 May 2026\n \nBuccaneer Energy Plc\n(\"Buccaneer\" or the \"Company\")\n \n \n2025 Audited Annual Results\nNotice of AGM\n \nBuccaneer Energy (AIM: BUCE), an international oil & gas exploration and production company with development and production assets in Texas, USA, is pleased to announce its final results for the year ended 31 December 2025 (the \"Results\"). A copy of the Results, along with a Notice of AGM, is being posted to Shareholders and is available on the Company's website, www.buccaneerenergy.co.uk. The AGM will be held at the offices of Druces LLP at 99 Gresham St, London EC2V 7NG at 9.00 a.m. on 30 June 2026. Extracts from the Results are set out below.\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nFor further information, contact:\n \n\n\n\n\nBuccaneer Energy plc\nPaul Welch, CEO\n\n\nEmail:\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP\n(NOMAD/Joint Broker)\nStuart Gledhill / Richard Hail / Adam Cowl\n \n\n\nTel:\n\n\n+44 (0) 20 3470 0470\n\n\n\n\nOak Securities (Joint Broker)\nRobert Bell / Nick Price\n\n\nTel:\n\n\n+44 (0) 20 3973 3678\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCelicourt Communications\n(PR/IR)\nMark Antelme / Charles Denley-Myerson\n\n\nTel:\nEmail:\n\n\n+44 (0) 20 7770 6424\[email protected]\n\n\n\n\n\n\n \nChairman's Report\nBuccaneer continues to \"stick to the knitting\"\n \n \nDuring 2025 Buccaneer continued to take advantage of the low operating costs associated with its core assets in East Texas and carried out a range of activities that provided additional value for the Company through organic growth. This represents a continuation of the strategy put in place in 2024 to use Buccaneer's local knowledge and contacts and our highly experienced operations staff to optimise the performance of any assets that the Company may acquire in the area.\n \nWTI prices were erratic during the period, but saw an overall decline from about $70/bbl in early January 2025 until the middle of ...
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