OVG Ovoca Gold

RNS Number:5414W
Ovoca Resources PLC
2 January 2001


OVOCA RESOURCES PLC
INTERIM STATEMENT 2000

Set out below is the unaudited consolidated profit and loss account of Ovoca
Resources PLC for the six month period ended 31st August 2000.  The loss for
the six months reflects administration costs incurred during the period, and
no dividend is being recommended.

The Company has continued it's exploration program in Ireland during the year.
After careful interpretation of the Cahir data three more holes were drilled
at Cahir.  These resulted in substantial new geologic information being
acquired.  It is anticipated that significent further work will be carried out
on these properties in the near future.  Following lengthy negotiations with
the Department of Marine & Natural Resources in relation to drilling locations
and conditions a program of drilling was decided for the West Limerick area.
Problems of drill availibility, and laterly technical drilling problems,
allied to land access difficulties due to the exceptional weather conditions,
have seriously delayed our progress on this program.  However the drill is
currently on site and the program is scheduled to restart in January. 
Negotiations on a heads of agreement for a joint venture arrangement over
properties at Cahir and Galway/Roscommon have now reached their concluding
stages and an announcement in this regard is expected in early January.


Unaudited Consolidated Profit and Loss Account 
for the Six month period ended 31st August 2000

                                       6 months to       6 months to
                                           31/8/00           31/8/99
                                               IR#               IR#

Turnover - Continuing Operations                 -                 -

Operating Costs                                  -                 -
                                           _______            _______

Operating Profit - Continuing Operations         -                 -

Administration Expenses                    (57,615)          (75,594)

Investment Income                            6,132             7,940
                                           _______            _______

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION                            (51,483)          (67,654)

Taxation on Loss on Ordinary Activities          -                 -
                                           _______            _______

LOSS FOR THE FINANCIAL PERIOD              (51,483)          (67,654)
                                            ======             ======
Loss per Share
Undiluted                                   (0.21p)           (0.25p)
Fully diluted                               (0.20p)           (0.24p)
                                            ======             ======

For further information contact Mr. John O'Connor, (01) 491 2944.

Copies of this report are available at the Company's offices at
York House, Rear 176 Rathgar Road, Dublin 6.


ENl
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