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Monday 29 June, 2015

29-Jun-2015 08:17 AM

Egdon agrees Weald Basin farm-out with UKOG

Egdon Resources has reached agreement on the farm-out of Weald Basin petroleum exploration and development licence PEDL143 to UK Oil & Gas Investments. PEDL143 contains the Holmwood prospect, which the PEDL143 partnership plan to test with the Holmwood-
29-Jun-2015 08:13 AM

CAML output hit

Central Asia Metals has warned that output guidance of 13,000 tonnes at its Kounrad copper cathode plant in Kazakhstan will be hit after one of nine weir plates in the recently commissioned solvent extraction mixer settler fell out of position on Friday.
29-Jun-2015 08:08 AM

Afarak starts bulk sampling at Vlakpoort

Afarak Group has started bulk sampling at its Vlakpoort open pit mine in South Africa. The total open pit measured, indicated, and inferred resources are estimated at 1.9 million tonnes of chromite, as stated in the company's resource statement, wi
29-Jun-2015 08:06 AM

IXICO wins new clincial trial contracts

IXICO, together with its alliance partner, VirtualScopics, has been awarded contracts with two top 15 pharmaceutical companies, one in metastatic solid tumours and one in a rare neurodegenerative disease. IXICO's TrialTracker digital platform will
29-Jun-2015 08:03 AM

HSS Hire Q2 marginally below expectations

HSS Hire Group's second quarter trading performance was marginally below expectations, according to a pre-close update for the six months to 27 June. It says this was primarily due to weakness in 'key accounts' customer activity across a
29-Jun-2015 07:59 AM

IS Solutions on track after solid finish

IS Solutions reports a solid finish to the 15-month period to the end of March with strong demand from its Analytics sector resulting in the underlying performance being in line with market expectations. The group reports total revenues of £12.8m for th
29-Jun-2015 07:54 AM

CNG expects Pakrut trial production by end of October

China Nonferrous Gold expects trial production at the Pakrut gold project in the Republic of Tajikistan to start at the end of October. The company says connection of electricity at the Pakrut site has been operating without fault for 72 hours. The ext
29-Jun-2015 07:52 AM

Baron Oil date for Nancy Burdine Maxine handover

Baron Oil expects to hand over operatorship of the Nancy Burdine Maxine oil and gas field in Colombia to Ecopetrol SA on 16 October. Story provided by
29-Jun-2015 07:51 AM

Avation leases new ATR72-500 to Flybe

Avation has signed a lease to supply an additional new ATR72-500 to Flybe, the UK based regional carrier. The aircraft, which will be delivered toward the end of 2015 represents the fifth new ATR 72-600 aircraft placed with Flybe. All five aircraft w
29-Jun-2015 07:50 AM

ADVFN inks HoA with London South East

ADVFN has noted recent speculation and confirmed that the board has signed heads of agreement with the directors of London South East. The company says any potential transaction would be subject to certain conditions being met and at this stage there ca
29-Jun-2015 07:50 AM

Pinnacle Tech narrows H1 pretax loss

Pinnacle Technology has narrowed its H1 pretax loss to £0.56m, from a year-ago loss of £1.19m. Revenue slipped to £3.99m, from £4.26m. It has appointed Simon Duckworth as a non-executive director. Story provided by
29-Jun-2015 07:48 AM

Petroceltic substantially widens FY pretax loss

Petroceltic has substantially widened its FY pretax loss to $271.98m, from $4.5m. Revenue was $157.2m, from $196.7m. The results included $183.4m of exploration costs written off, and a $83.4m impairment of oil and gas assets. Overview · Production
29-Jun-2015 07:46 AM

LGO update on Goudron pad 4 testing

LGO Energy has issued an update to the timing of the testing of the three recently drilled C-sand wells, GY-672, 673 and 674, on drilling pad 4 at the Goudron field in Trinidad. Testing continues successfully on well GY-674 and work is under way on wel
29-Jun-2015 07:44 AM

Milestone Group widens H1 pretax loss

Milestone Group has widened its H1 pretax loss to £0.6m, from a loss of £0.2m. Revenue was £0.3m, from £44,420. CEO Deborah White said: "The Board is pleased with the continued development of each sector of the business, particularly the reven
29-Jun-2015 07:43 AM

Griffin resumes operations at Caijiaying

Griffin Mining has confirmed that mining operations at Caijiaying recommenced on 27 June following an investigation by both Griffin and various Chinese authorities into the circumstances causing the death underground of an employee of the mining contracto
29-Jun-2015 07:42 AM

Gulf Keystone output remains at over 40,000 bpd

Gulf Keystone, the operator of the Shaikan field in the Kurdistan Region of Iraq, has confirmed that it continues to produce in excess of 40,000 barrels of oil per day following the successful completion of de-bottlenecking operations at PF-1. As a resu
29-Jun-2015 07:40 AM

Gresham wins CTC North America contract

Gresham - a leading software and services company that specialises in providing real-time financial transaction control software - has announced a new customer win in North America. Gresham says a leading North America based provider of solutions for the
29-Jun-2015 07:38 AM

Redcentric win £3.5m-plus contract

Redcentric has won a major new two-year contract with the Health and Social Care Information Centre (HSCIC) worth in excess of £3.5 million. Story provided by
29-Jun-2015 07:38 AM

3Legs operating losses narrow

3Legs Resources posts a loss of £35.0m for the year to the end of December - up from ££4.3m in 2013. But operating losses fell to £975,000 from £3.6m. The company was listed on the AIM market in June 2011 having raised £62.5m before expenses in ord
29-Jun-2015 07:33 AM

Empiric acquires student accommodation in Durham

Empiric Student Property has conditionally exchanged contracts on the purchase of the freehold of a site on Framwellgate in Durham which will provide for a 131 bed premium, purpose-built student accommodation development, at a cost of £1.225m (excluding
29-Jun-2015 07:32 AM

Galasys wins new contracts

Galasys has won new contracts in China and Malaysia with a total value of c. £457,000. The contracts have been awarded by the Burqin county government of Xinjiang province as part of a collaboration with Galasys to promote intelligent tourism and Penan
29-Jun-2015 07:30 AM

Barclays and Swedbank amend JV

Barclays and Swedbank have agreed to make amendments to their Nordic credit card joint venture, EnterCard Holding AB. The amendments include the exit provisions and as a result constitute a class 2 Transaction under Chapter 10 of the UK Listing Author
29-Jun-2015 07:30 AM

Gresham Advisory MD joins Kingspan board

Kingspan Group, a global leader in high performance insulation, building fabric and solar integrated building envelopes, has appointed Bruce McLennan as a non-executive director of the company. McLennan is a managing director and co-head of Advisory at
29-Jun-2015 07:28 AM

Progility warns on final few months trading

Progility said although almost all divisions are trading profitably, the final few months' trading is expected to be disappointing with ebitda, after central costs, markedly below expectations. Actions are in train both to address the underlying b
29-Jun-2015 07:28 AM

Amur's losses

Amur Minerals has posted a FY pretax loss of $1.4m, down from $3.8m last time. The group has also issued a forward-looking operational blueprint for the development of the Kun-Manie nickel copper sulphide project located in the Russian Far East. The op

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