TIDMGAS
RNS Number : 5019U
Gasol plc
31 December 2012
31 December 2012
Gasol plc
("Gasol" or "the Company")
(AIM: GAS)
Interim Results
Objectives Met and Key Agreements Secured
Gasol plc, the West African energy development company, today
announces interim results for the six months ended 30 September
2012.
Highlights:
-- Corporate objectives were further developed over the last six months;
-- Board strengthened by the appointment of Cornelia Meyer as Non Executive Chairman;
-- Joint venture and asset management agreement signed with
Societe BenGaz S.A, for the establishment of a JV company (to be
named "Cogaz") and the distribution and sale of natural gas in
Benin and elsewhere in West Africa;
-- Option Agreement signed for the acquisition of African Power
Generation Limited ("Afgen"), which has an existing pipeline of LNG
Import Projects; and
-- GBP950,000 of new funds raised from African Gas Development
Corporation Limited, Gasol's largest shareholder, as part of a
GBP2.5 million convertible loan facility.
Post period end:
-- Strategic alliance agreement signed with Socar Trading S.A.
("STSA") in relation to Gasol's proposed LNG Import Project in
Benin, on a non-exclusive basis;
-- Memorandum of Understanding signed for Cogaz to supply gas to
Communaute Electrique du Benin, ("CEB") the electric authority for
both Benin and Togo; and
-- Corporate website re-launched and appointment of Yellow Jersey as PR agency.
Gasol's intends to monetize African gas by providing gas to
power projects and infrastructure. The strategy includes initially
supplying LNG and then pipeline gas from African gas fields. The
Company aims to assist the development of gas infrastructure as
well as to encourage the growth of gas-fired power generation in
West Africa. Further information on the Company can be found at
www.gasolplc.com
Alan Buxton, Chief Operating Officer of Gasol, commented:
"Gasol has made progress during the last six months. The Company
is seeking to supply gas to markets which are gas constrained, in
order to displace more expensive liquid fuels such as diesel and
light crude that are currently used in power generation and for
industry. In the short term, Gasol will provide this gas through
LNG Import Projects.
Gasol plc
Alan Buxton, Chief Operating +44 (0) 20 7290
Officer 3300
Panmure Gordon (UK) Limited
Dominic Morley (Corporate +44 (0) 20 7886
Finance) 2500
Callum Stewart (Corporate
Finance)
Adam Pollock (Corporate
Broking)
Yellow Jersey PR Limited +44 (0) 7768 537
Dominic Barretto 739
Chairman's Statement - Strategy Further Developed
It is now five months since my appointment. Gasol is further
developing its strategy. The Company has progressed a number of key
initiatives, which include entering into Memorandum of
Understanding ("MoU") and Joint Venture ("JV") agreements with
BenGaz and the utility of Benin and Togo (see below).
The Gas Market
The fundamental factors underpinning African gas markets remain
positive. The security of national energy supplies continues to be
of increasing importance to many African countries with governments
moving to balance their energy portfolios to avoid overdependence
on a single source of energy. The demand for new, highly efficient
gas-fired generating capacity remains a key objective for nearly
every government in the region. The replacement of older, oil fired
power generation with gas fired capacity in order to reduce
exposure to high priced liquid fuels while reducing CO2 emissions
is gaining speed. These factors continue to create a strong demand
for gas in the region. Gasol remains well placed to become a player
in these markets.
Gasol Strategy
Gasol intends to monetize African gas by providing gas to power
projects and infrastructure. The strategy includes initially
supplying Liquefied Natural Gas ("LNG") and then pipeline gas from
African gas fields. The company aims to assist the development of
gas infrastructure as well as to encourage the growth of gas-fired
power generation in West Africa.
The Board has identified a number of opportunities to invest
both in floating LNG import projects and in the related power
generation sector, while securing agreements for the supply of LNG.
One challenge for the Company remains to ensure that the often
underfunded national utility companies can secure adequate credit
support for their payment obligations. This is a prerequisite to
attract financing for the projects. In order to overcome that
obstacle, Gasol is working on building relationships with
development finance institutions and multilaterals.
Gasol's new management team have progressed its West African LNG
import project in Benin and Togo, which is mentioned above and
about which announcements have already been made (see Chief
Operating Officer's report). In addition, there are several other
LNG Import Projects and power project initiatives under
consideration.
In August 2012, Gasol announced it had entered into an option to
acquire African Power Generation Limited ("AfGen"). The Company is
working closely with AfGen to take advantage of their development
work over the past two years in the LNG to power sector. Gasol also
continues to cooperate closely with Afren plc on the development of
its gas assets, with the intention that Gasol will be able to
secure supply gas from these assets in due course, and to secure
new sources of gas.
Funding
Securing funding in a tight credit market for capital intensive
projects with long revenue lead times is challenging.
In August 2012, Gasol entered into a GBP2.5 million convertible
loan facility, with African Gas Development Corporation Limited,
Gasol's largest shareholder, to repay existing facilities and to
provide some GBP950,000 of further working capital for the Company
to develop its projects. African Gas Development Corporation has
shown substantial faith in the Company's business plan by
refinancing its outstanding credit facilities with the Company and
extending additional credit to fund the Company's on-going
development activities.
In the period under review, the reorganisation of the Company's
capital structure was also successfully completed in September
2012. Gasol is now better positioned to move ahead with its
strategy.
Social & Environmental Policy
Gasol's business strategy has drawn considerable support from
development finance institutions because of the environmental
considerations. The Board is looking to supply gas to displace
liquid fuels such as jet fuel, diesel and light crude, which are
currently being used for power generation and industrial purposes.
Gas is comparatively environmentally friendly as it has the
smallest CO2 emissions of all fossil fuels. Gasol has commissioned
advisers to assist it to develop its carbon strategy.
Financials
The financial results for the period reflect an increase in
development costs due to increased project activity, the
recruitment of a new management team and costs related to a
potential transaction. The loss after tax for the six month period
was GBP1,736,132 compared to a loss of GBP1,041,086 in 2011,
equating to a loss per share of 5.6p compared with a loss of 4.7p
per share (0.09p on a pre-consolidated basis) for the period ended
30 September 2011. Cash balance at 30 September 2012 was GBP246,437
(30 September 2011: GBP166,725).
Outlook & Priorities
Gasol continues to focus on its West Africa gas to power in that
region. We believe this strategy is strongly aligned with the needs
of West African countries, and the Gasol team are moving forward
towards that aim.
At a time when European markets remain depressed, Gasol offers
shareholders a low threshold investment opportunity into the
growing gas and electricity markets of Africa. On a macro level,
independent forecasters estimate a compound annual growth in the
Sub Saharan electricity sector over the next twenty-five years to
be 2.8% per annum. Gasol is working to capitalise on these growth
opportunities.
The board looks forward to inform investors of further progress
in implementing Gasol's strategy during the course of 2013.
Cornelia Meyer
Chairman
Chief Operating Officer's Report
The period since the Company's full year results has been
active. Gasol advanced several gas-to-power project initiatives,
and its West African LNG Import Project has made good progress.
Gasol is seeking to supply gas to markets which are gas
constrained, so that the gas will displace liquid fuels such as
diesel and light crude for use in power generation and for
industry. Many of the power plants in Benin, Togo and Ghana are
currently idle due to the lack of gas. In the short term, Gasol
will provide this gas through LNG Import Projects.
Gasol has progressed its Cotonou based LNG Import Project during
the last 6 months, as evidenced by the JV Agreement and Asset
Management Agreement signed on 6(th) December 2012 with Bengaz,
providing for the establishment of a JV company in Cotonou, Benin
(to be named "Cogaz") for the distribution and sale of natural gas
in Benin and elsewhere in West Africa. All natural gas to be
supplied to the JV company will be supplied by an affiliate of
Gasol.
Benin is intended to be the Company's entry point to West
Africa, with the proposed gas storage and regasification vessel to
be located in Cotonou harbour, Benin. The LNG will be stored and
regasified aboard the vessel and then transported via undersea
pipeline to the West African Gas Pipeline. Progress has been
expedited with the help of our local partner and a MoU was signed
in October to supply gas from the JV company to Communaute
Electrique du Benin, the electricity authority for both Benin and
Togo. The JV arrangements also provide for Gasol to provide
management assistance to Bengaz with respect to Bengaz's
shareholding in the West African Gas Pipeline, a 690km offshore
pipeline with an investment cost of approx US$1 billion established
to transport natural gas from Nigeria to consumers in Benin, Togo
and Ghana. We are currently waiting for another potential off-taker
for the project to ratify a MoU signed earlier this year so that
formal negotiations for a gas supply agreement can begin.
Also in December, Gasol announced the signing of a strategic
alliance agreement on a non-exclusive basis with STSA in relation
to its proposed LNG Import Project in Benin. STSA is the
international marketing and development arm of SOCAR, the State Oil
Company of Azerbaijan. Under the terms of the strategic alliance,
STSA will supply all LNG required for the Project and assist Gasol
with the provision of a floating gas storage and regasification
vessel in the harbour at Cotonou.
Furthermore Gasol has progressed other LNG Import Projects
through an Option Agreement signed on 24 August 2012. The Option
Agreement provides an option for Gasol to acquire Africa Power
Generation Limited ("Afgen"), which has an existing pipeline of LNG
Import Projects. The Option expires 12 months after the signature
of the Option Agreement. Entry into the Option Agreement is at no
cost to Gasol. The cost of exercising the Option will be 75% of
fair value, as determined by third party experts at the time of
exercise, and is to be settled through the issuance of Gasol
shares.
Gasol is currently working on two other LNG Import Projects, the
conversion of a liquid fuelled power plant to gas firing and
acquisition of additional gas reserves for Gasol's future needs.
The team is also busy responding to questions asked by the WAGP
governing body following Gasol's application to become the first
company authorized to ship gas through the WAGP under its new open
access policy.
The Board would like to remind shareholders of Gasol's
connections through its founder, Bert Cooper, as well as Afren and
its partner in Benin, Bengaz. As a result of these relationships,
the Company is extremely well positioned in West Africa to deliver
its gas to power strategy.
In the period since my appointment in February this year, it is
evident Gasol has not only a very strong and focused Board, with
demonstrable track records in industry, finance and West Africa,
but a highly competent team to back that up. I would like to extend
my thanks to all staff and shareholders for their continued
commitment and support.
Alan Buxton
Chief Operating Officer
Unaudited Condensed Consolidated Statement of Comprehensive
Income
for the six months ended 30 September 2012
Unaudited Unaudited Audited
6 months 6 months year
ended ended ended
30 September 30 September 31 March
2012 2011 2012
Note GBP GBP GBP
Other operating income 34,000 34,000 68,000
Administrative expenses (1,623,784) (906,566) (1,778,784)
Loss from operations (1,589,784) (872,566) (1,710,784)
Finance income 16 1,879 1,889
Finance costs (146,364) (170,399) (282,687)
Loss before taxation (1,736,132) (1,041,086) (1,991,582)
Income tax expense - - -
------------- ------------- -----------
Loss for the period (1,736,132) (1,041,086) (1,991,582)
Other comprehensive
income:
Currency translation differences - - -
Total comprehensive
expense for the period (1,736,132) (1,041,086) (1,991,582)
Loss per ordinary
share
Basic and diluted
loss per share 3 (5.6p) (4.7p) (8p)
All results relate to continuing activities.
All of the loss and total comprehensive expense is attributable
to equity shareholders of the parent.
Unaudited Condensed Consolidated Statement of Changes in
Equity
for the six months ended 30 September 2012
Share Share Reverse Convertible Capital Translation Warrant Retained Total
capital premium acquisition loan contribution reserve reserve losses equity
reserve reserve reserve
GBP GBP GBP GBP GBP GBP GBP GBP GBP
At 1 April
2011 5,524,445 72,574,560 (63,104,556) 260,870 83,787 12,267 1,625,805 (16,840,467) 136,711
Comprehensive
income
Loss for the
year - - - - - - - (1,991,582) (1,991,582)
Total
comprehensive
income for
the
year ended 31
March 2012 - - - - - - - (1,991,582) (1,991,582)
Loan
conversion 2,074,018 414,803 - (260,870) - - - - 2,227,951
Warrants
issued
on lines of
funding - - - - - - 149,005 - 149,005
Credit to
equity
due to the
convertible
loan - - - 187,286 - - - - 187,286
------------ -----------
- - - (73,584) - - 149,005 - 2,564,242
At 31 March
2012 7,598,463 72,989,363 (63,104,556) 187,286 83,787 12,267 1,774,810 (18,832,049) 709,371
Unaudited Condensed Consolidated Statement of Changes in Equity
for the six months ended 30 September 2012
Share Share Reverse Convertible Capital Translation Warrant Retained Total
capital premium acquisition loan contribution reserve reserve losses equity
reserve reserve reserve
GBP GBP GBP GBP GBP GBP GBP GBP GBP
At 1 April
2011 5,524,445 72,574,560 (63,104,556) 260,870 83,787 12,267 1,625,805 (16,840,467) 136,711
Comprehensive
income
Loss for the
period - - - - - - - (1,041,086) (1,041,086)
Other
comprehensive
income
Currency
translation
differences - - - - - - - - -
---------- ----------- ------------- ------------ ------------- ------------ ----------- ------------- ------------
Total
comprehensive
income for
the
6 months
ended
30 September
2011 - - - - - - - (1,041,086) (1,041,086)
Convertible
loan issue - - - 97,301 - - - - 97,301
Warrants - on
lines of
funding - - - - - - 48,468 - 48,468
Share-based
payments - - - - - - - - -
------------ -----------
- - - 97,301 - - 48,468 (1,041,086) 145,769
At 30
September
2011 5,524,445 72,574,560 (63,104,556) 358,171 83,787 12,267 1,674,273 (17,881,553) (758,606)
Unaudited Condensed Consolidated Statement of Changes in Equity
for the six months ended 30 September 2012
Share Share Reverse Convertible Capital Translation Warrant Retained Total
capital premium acquisition loan contribution reserve reserve losses equity
reserve reserve reserve
GBP GBP GBP GBP GBP GBP GBP GBP GBP
At 1 April
2012 7,598,463 72,989,363 (63,104,556) 187,286 83,787 12,267 1,774,810 (18,832,049) 709,371
Comprehensive
income
Loss for the
period - - - - - - - (1,736,132) (1,736,132)
Other
comprehensive
income
Currency
translation
differences - - - - - - - - -
------------ ----------- ------------- ------------ ------------- ------------ ----------- ------------- ------------
Total
comprehensive
income for
the
6 months
ended
30 September
2012 - - - - - - - (1,736,132) (1,736,132)
Issue of
convertible
loan - - - 182,877 - - - - 182,877
Conversion of
loan 500,000 - - (132,399) - - - 132,399 500,000
Issue of
warrants - - - - - - 56,751 - 56,751
Buy back and
subsequent
cancellation
of shares (7,936,494) - - - 7,936,494 - - - -
------------ -----------
(7,436,494) - - 50,478 7,936,494 - 56,751 132,399 739,628
At 30
September
2012 161,969 72,989,363 (63,104,556) 237,764 8,020,281 12,267 1,831,561 (20,435,782) (287,123)
Unaudited Condensed Consolidated Statement of Changes in
Equity
for the six months ended 30 September 2012
Share capital account
Share capital records the nominal value of shares in issue.
Share premium account
Share premium records the receipts from issue of share capital
above the nominal value of the shares. Share premium is stated net
of direct issue costs.
Capital contribution reserve
Contributions provided to entities by shareholders that are not
intended by either party to be repaid are accounted for as capital
contributions.
Translation reserve
Translation gains and losses arising on the retranslation of net
assets of subsidiaries whose presentational currency is not
sterling are recognised directly in equity in the translation
reserve.
Reverse acquisition reserve
A reverse acquisition reserve is established to take account of
acquisitions that are deemed to be reverse acquisitions under
International Financial Reporting Standards.
Retained earnings
The accumulated loss reserve records the cumulative profits less
losses recognised in the Statement of Comprehensive Income, net of
any distributions and share-based payments made.
Warrant reserve
The warrant reserve records the fair value charge of warrants
issued by the Group.
Convertible loan reserve
The convertible loan reserve records the equity element on the
convertible loans issued.
Unaudited Condensed Consolidated Statement of Financial
Position
at 30 September 2012
Unaudited Unaudited Audited
30 September 30 September 31 March
2012 2011 2012
Notes GBP GBP GBP
Assets
Non-current assets
Goodwill 3,000,000 3,000,000 3,000,000
Property, plant and equipment 2,547 931 2,929
Total non-current assets 3,002,547 3,000,931 3,002,929
Current assets
Trade and other receivables 255,541 182,660 176,602
Cash and cash equivalents 246,437 166,725 206,243
Total current assets 501,978 349,385 382,845
Total assets 3,504,525 3,350,316 3,385,774
Liabilities
Current liabilities
Trade and other payables 1,204,484 617,286 560,963
Borrowings 2,587,164 3,491,636 2,115,440
Total current liabilities 3,791,648 4,108,922 2,676,403
Total liabilities 3,791,648 4,108,922 2,676,403
Net (liabilities) / assets (287,123) (758,606) 709,371
Equity
Share capital 4 161,969 5,524,445 7,598,463
Share premium account 4 72,989,363 72,574,560 72,989,363
Reverse acquisition reserve (63,104,556) (63,104,556) (63,104,556)
Total issued equity 10,046,776 14,994,449 17,483,270
Capital contribution
reserve 8,020,281 83,787 83,787
Convertible loan reserve 237,764 358,171 187,286
Translation reserve 12,267 12,267 12,267
Warrant reserve 1,831,571 1,674,273 1,774,810
Retained losses (20,435,782) (17,881,553) (18,832,049)
Total (deficit) / equity
attributable to equity holders
of the parent (287,123) (758,606) 709,371
Unaudited Condensed Consolidated Statement of Cash Flows
for the six months ended 30 September 2012
Unaudited
6 months Unaudited Audited
ended 6 months Year
30 September ended ended
2012 30 September 31 March
2011 2012
GBP GBP GBP
Loss before taxation (1,736,132) (1,041,086) (1,991,582)
Adjustments for:
Finance income (16) (1,879) (1,889)
Finance costs 146,364 170,399 282,687
Depreciation charges 382 6,664 7,723
Share-based payment charge 86,233 - 119,533
Operating cash flows before
movements in working capital (1,503,169) (865,902) (1,583,528)
Increase in receivables (78,939) (38,731) (32,673)
Increase in payables 643,521 190,861 134,540
Net cash absorbed by operating
activities (938,587) (713,772) (1,481,661)
Cash flows from investing
activities
Interest received 16 1,879 1,889
Purchase of tangible fixed
assets - - (3,057)
Net cash generated / (used
in) by investing activities 16 1,879 (1,168)
Financing activities
Interest paid (1,235) (1,177) (5,723)
Proceeds from issue of convertible
loan note 980,000 742,301 1,520,000
Repayment of loan - (37,301) -
Net cash generated from financing
activities 978,765 703,823 1,514,277
Net increase / (decrease)
in cash and cash equivalents 40,194 (8,070) 31,448
Cash and cash equivalents
at beginning of period 206,243 174,795 174,795
Cash and cash equivalents
at end of period 246,437 166,725 206,243
Notes to the Unaudited Consolidated Interim Financial
Statements
for the six months ended 30 September 2012
1. Basis of preparation
These unaudited interim financial statements are for the six
months ended 30 September 2012. They have been prepared in
accordance with recognition and measurement principles of
International Financial Reporting Standards (IFRS) as endorsed by
the European Union and implemented in the UK. This report should be
read in conjunction with the annual financial statements for the
year ended 31 March 2012, which have been prepared in accordance
with International Financial Reporting Standards (IFRS) as adopted
by the European Union and International Financial Reporting
Interpretations Committee ('IFRIC') Interpretations and the
Companies Act 2006, as applicable to companies reporting under
IFRS.
The financial information in this interim announcement has not
been prepared in accordance with IAS 34 'Interim Financial
Reporting'. It does not constitute statutory accounts within the
meaning of Section 434 of the Companies Act 2006. The unaudited
interim financial statements were approved by the Board on 27
December 2012.
The comparative financial information for the year ended 31
March 2012 does not constitute statutory accounts within the
meaning of Section 434 of the Companies Act 2006. The statutory
accounts of Gasol plc for the year ended 31 March 2012 have been
reported on by the Company's auditor, BDO LLP and have been
delivered to the Registrar of Companies. The report of the auditor
was unqualified but contained an emphasis of matter statement with
regard to going concern. The auditor's report did not contain
statements under Section 498(2) or 498(3) of the Companies Act
2006.
The financial information for the six months ended 30 September
2011 and 2012 is unaudited nor reviewed by the auditors in
accordance with the International Standard on Review Engagements
(UK and Ireland) 2410, "Review of Interim Financial Information
Performed by the Independent Auditor of the Entity" issued by the
Auditing Practices Board for use in the United Kingdom.
Going concern
The consolidated interim financial statements have been prepared
on a going concern basis, reflecting the Directors' belief that
there are sufficient financial resources in place or will be
available to Gasol in order for the Group to be able to meet its
present obligations as they fall due. Gasol is currently involved
in discussions with external investors and advisors to secure
future financing arrangements. The Board is also confident that it
retains the continuing support from its major shareholders to
provide additional funding should other sources not be forthcoming.
The directors believe that based on the negotiations to date, the
outcome will be positive. The directors appreciate that this lack
of formally negotiated funding may cast significant doubt on the
Group's ability to continue as a going concern. Nevertheless, with
the expectation of Gasol formally agreeing new funding from its
major shareholders and other financial investors, the directors
have a reasonable expectation that the Group has adequate resources
to continue trading for the foreseeable future and have therefore
concluded that it is appropriate to prepare the interim financial
statements on a going concern basis.
2. Accounting policies - Basis of consolidation
The consolidated interim financial statements incorporate the
financial statements of Gasol Plc (Gasol) and all its subsidiaries
and joint ventures. The most recent set of audited financial
statements for Gasol were made up to 31 March 2012.
This interim financial information for Gasol incorporates the
consolidated financial statements of Gasol, African LNG Holdings
Limited ("AFLNG"), African LNG Services Limited, Afgas
Infrastructure Limited, Afgas Nigeria Limited and SONAF G.E S.A.
for the six months ended 30 September 2012.
The accounting policies adopted in the preparation of the
interim consolidated financial statements are consistent with those
followed in the preparation of the Group's annual financial
statements for the year ended 31 March 2012.
3. Loss per ordinary share
The calculation of a basic loss per share of 5.6
pence (6 months ended 30 September 2011 loss per
share of 4.7 pence; year ended 31 March 2012: loss
per share of 8 pence) is based on the loss for
the period attributable to equity holders of Gasol
plc of GBP1,736,132 (6 months ended 30 September
2011: GBP1,041,086; year ended 31 March 2012: GBP1,991,582).
The weighted average number of shares in issue
used in the loss per share calculation of 30,699,861
(6 months ended 30 September 2011: 22,097,785;
year ended 31 March 2012: 24,976,474) represents
the weighted average number of ordinary shares
in Gasol Plc that were in issue during the period.
During the period a share consolidation took place
(see note 4). For comparative purposes between
the periods, the earnings per share have been restated
retrospectively per IAS 31 using total shares as
if they were consolidated from the 1 April 2011.
Due to the loss incurred during the period, a diluted
loss per share has not been disclosed as this would
serve to reduce the basic loss per share.
4. Share capital and share premium
Number Ordinary Share Number Deferred Total
of Ordinary Shares Premium of deferred Shares
shares shares
No. GBP GBP No. GBP GBP
As at 1 April
2011 1,104,889,234 5,524,445 72,574,560 - - 78,099,005
Issued during - - - - - -
the period
------------ -----------
At 30 September
2011 1,104,889,234 5,524,445 72,574,560 - - 78,099,005
Issued during
the period 414,803,287 2,074,018 414,803 - - 2,488,821
--------------- ----------- ---------- ------------ ----------- -----------
At 31 March
2012 1,519,692,521 7,598,463 72,989,363 - - 80,587,826
Issued during
the period 100,000,029 500,000 - - - 500,000
Share consolidation (1,587,298,689) - - - - -
Share split - (7,936,494) - 32,393,851 7,936,494 -
Share buy
back - - - (32,393,851) (7,936,494) (7,936,494)
At 31 September
2012 32,393,851 161,969 72,989,363 - - 73,151,332
=============== =========== ========== ============ =========== ===========
On the 21 September 2012 there was a share consolidation of the
current existing 1,619,692,550 0.5p ordinary shares on the basis of
1 New Ordinary share for every 50 existing ordinary shares. This
resulted in a new total shareholding of 32,393,851 25p shares.
On the same day the shares were split into ordinary shares worth
0.5p each and deferred shares of 24.5p each. The deferred shares
were subsequently cancelled on the 24 September 2012 as the company
brought back these shares. The accounting for this transaction has
been reflected in the capital contribution reserve.
5. Interim report
This document is available on the Company's website at
www.gasolplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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