- Phoenix Global Resources posted a fall in third-quarter revenue amid a weakening in the oil price.

Revenue for the three months through September fell to $34.1m, down from $36.5m in the second quarter.

The company achieved average realised prices $38.90 per barrel, down from $45.10 in the previous quarter.

Phoenix Global Resources said planning was underway for an initial long-lateral unconventional well to be drilled at Corralera in Argentina in the first half of 2020.

At 9:10am: [LON:PGR] Phoenix Global Resources PLC share price was +0.93p at 18.5p

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