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Share Price Information for Aminex (AEX)

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Share Price: 1.825
Bid: 1.75
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Change: 0.10 (5.88%)
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TRADING UPDATES: Itim revenue up 15%; Aminex completes seismic dataset

Thu, 29th Feb 2024 14:24

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Itim Group PLC - London-based software solutions provider to retailers - Says 2023 revenue increases by 15% to GBP16.1 million from GBP14.0 million the year before, in line with expectations. Annual recurring revenue remained constant at approximately GBP13.1 million. Expects earnings before interest, tax, depreciation and amortisation to be around GBP680,000, up from GBP210,000 in 2022. Expects pretax loss to be ahead of expectations.

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Aminex PLC - oil and gas investment company focused on Tanzania - Says that the 3D seismic dataset over the Ruvuma production sharing agreement improves volumetrics for the Ntorya gas discovery, with the dataset revealing higher resource potential in the licence area. Chair Charles Santos says: "Completion of the 3D seismic data interpretation is another important milestone for the Ntorya gas field development, and I am delighted that the results are so positive. The quality of the new 3D seismic dataset was excellent, giving the [joint venture] partners the ability to map in detail the Ntorya gas discovery, refine volumetric estimates and provide the basis to locate future appraisal and development drilling targets. We are particularly excited by the significant potential gas volumes now identified in other untested structures within the licence area. To place these volumes in context, the Ntorya accumulation is potentially the largest onshore gas discovery in East Africa and, with the sizeable new exploration targets, should be much less expensive to exploit than offshore resources. Further announcements can be expected detailing a future programme of drilling and an associated schedule to commercialise these exciting new opportunities and add further value for all stakeholders."

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First Class Metals PLC - Ontario, Canada-focused exploration company - Says elevated grades of key critical metals are present at its Zigzag property in the Seymour-Falcon corridor in northwestern Ontario, Canada. This includes egallium, rubidium, caesium and tantalum. Notes that the initial geochemical results indicate the probable existence of a second structure. Chief Executive Officer Marc Sale said: "The results from our first drill programme at Zigzag are first class and have not only confirmed our belief in the potential of the 'core zone', but have also significantly exceeded our expectations for the property. The associated critical metals identified have added another dimension to the property's potential. Obviously more work is required specifically along strike and further exploration of the southern structure, hence we are to initiate discussion regarding a new exploration permit."

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Intelligent Ultrasound Group PLC - Cardiff, Wales-based provider of artificial intelligence ultrasound software - Says its NeedleTrainer and ScanNav Anatomy Peripheral Nerve Block are now part of NHS Scotland's anaesthetist training. Chief Executive Officer Stuart Gall said: "Ultrasound-guided needle insertion is now a key competency requirement for multiple specialities. This investment moves us closer to our vision of transforming medical training, ensuring safer practices, and ultimately enhancing patient care. Together, we are bridging the gap from classroom to clinic with innovative solutions that empower medical professionals across Scotland and beyond."

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 May 2014 11:15

Aminex sells US assets to Northcote Energy

Oil and gas developer Aminex announced it has reached an agreement with AIM-listed gas company Northcote Energy and Springer Oil and Gas for the sale of Aminex USA for 5m pounds. The $5m comprises $150,000 in cash, $350,000 of Northcote shares and a production payment of $10 per barrel until a tota

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9 May 2014 08:39

UPDATE: Aminex To Sell US Business To Northcote Energy, Springer Oil & Gas

LONDON (Alliance News) - Aminex PLC saw its shares surge Friday after it said it had reached a deal to sell its US business to Northcote Energy Ltd and Springer Oil and Gas LLC for USD5 million in cash and shares, a move that will leave it focused on Africa. In a statement, the oil and gas

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9 May 2014 07:14

Aminex To Sell US Business To Northcote Energy, Springer Oil & Gas

LONDON (Alliance News) - Aminex PLC saw its shares surge Friday after it said it had reached a deal to sell its US business to Northcote Energy Ltd and Springer Oil and Gas LLC for USD5 million in cash and shares, a move that will leave it focused on Africa. In a statement, the oil and gas

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23 Apr 2014 13:37

Aminex posts full-year loss hit by impairment and accounting charges

Shares in oil and gas developer Aminex tanked on Wednesday after the firm posted a loss for 2013 of 17.3m dollars. The firm explained that the loss (2012: $5.3m) included two significant factors, namely a $9.3m impairment of its US assets as well as an accounting charge of $4.4m relating to the wo

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14 Mar 2014 08:57

Aminex Appoints Top Executives To Board

LONDON (Alliance News) - Aminex PLC Friday said it has appointed Chief Executive Jay Bhattacherjee, Chief Operating Officer Philip Thompson, and Chief Financial Officer Max Williams to its board, while Brian Hall has stepped down as acting chairman and will remain as chairman for "as long as requ

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14 Mar 2014 08:35

Aminex carries out multiple board changes

East African focused oil group Aminex has unveiled a number of senior board changes which are to take effect immediately. The group has named Jay Bhattacherjee, Chief Executive Officer, and Phillip Thompson, Chief Operations Officer, to the board. The new appointments come after the acquisition of

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25 Feb 2014 15:48

Sports Direct non-exec sells over half his stake

Simon Bentley, a Non-Executive Director at Sports Direct International, on Tuesday sold 15,000 shares in the FTSE 100-listed retailer, reducing his stake to just 10,000. The director, who sold the shares for 792.50p a piece, was able to benefit from the recent strong rise in the group's share pric

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3 Feb 2014 10:45

Aminex And Solo Oil Amend Ruvuma Production Sharing Contract

LONDON (Alliance News) - Aminex PLC and Solo Oil PLC announced Monday that a formal addition to the Ruvuma Production Sharing Contract has been signed with the Tanzanian Minister of Energy and Mines. The oil and gas exploration and development companies said that the addendum allows for the

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30 Jan 2014 12:50

Aminex announces placing and open offer

Oil and gas explorer Aminex has placed 800m shares at 1p each to generate funds for the acceleration of its seismic programme on its Ntorya-1 discovery and to pay certain creditors. The group raised £8m before expenses via the placing, and a further £2m through a one for four open offer of around

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30 Jan 2014 09:02

Aminex To Raise GBP10 Million In Placing, Open Offer

LONDON (Alliance News) - Aminex PLC Thursday said it plans to raise GBP8 million through a placing of 800 million shares and a further GBP2 million through an open offer for a further 204.6 million shares. It said it will also undertake a debt for equity swap of about GBP0.75 million with c

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30 Jan 2014 08:33

UK MORNING BRIEFING: BSkyB Up, Diageo Down Amid Lower Open

LONDON (Alliance News) - UK shares have opened lower Thursday, following the decision of the US Federal Reserve to continue tapering its asset purchases.

A large number of UK company reports at the open have seen a positive statement from BSkyB, up 2.4% at the open,

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19 Nov 2013 10:08

Solo Oil Starts Infill Seismic Survey Of The Ntorya Discovery

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19 Nov 2013 09:46

Aminex Shares Fall 14% As It Enter Negotiations To Secure New Funding

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31 Oct 2013 13:20

Aminex Makes Progress In Tanzanian Negotiations

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28 Aug 2013 10:42

Northcote acquires interest in producing leases from Aminex

Northcote Energy, an onshore US oil and gas exploration and production company, has signed an agreement with Aminex to acquire a 25 per cent working interest in a number of producing leases at the South Field in Texas. Oil and gas producer Aminex will be paid in the region of $0.45m dollars, which

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