Exploration company Ovoca Resources has reported a pre-tax loss of £51,000 for the six months to the end of August 2000, compared with a loss of £68,000 at the same stage in the previous year.
Ovoca says an announcement is expected soon on a joint venture arrangement covering its properties at Cahir and Galway/ Roscommon. It says further work will be carried out on its Cahir properties in the near future.
The company says technical difficulties and bad weather have delayed progress on its programme of drilling in West Limerick, though this is due to start later this month.
