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Small caps round-up: Solo Oil, British Polythene, Antrim Energy...

Mon, 16th Nov 2009 10:26

Solo Oil lost almost a quarter of its value after it announced plans to raise £6.4m and said it has signed a farm-out agreement with Aminex to earn a 12.5% interest in the Likonde-1 well in Tanzania.The group has placed a total of 1,280,000,000 new ordinary shares at a placing price of 0.5 pence each. 'Likonde -1 is the first hole being drilled in one of the last unexplored major onshore basins in Africa,' said chairman David Lenigas.Heavy plastics maker British Polythene hit new highs Monday on predictions full-year results will be at the top end of expectations. "July was a much better month than in 2008. The same pattern continued into August, September and October and we are well positioned to have a much better year than in 2008," it said.Antrim Energy reported an increase in its third quarter net loss to $1.75m from $1.51m a year ago, although revenue rose to $4.24m from $3.34m a year ago. The Argentina-focused firm said average production in the country grew to 2,011 barrels of oil equivalent per day (boepd) from 1,358 boepd in 2008.XP Power, a maker of power controllers for electrical equipment, says trading since August's interims has continued to be "resilient" and it's on track to beat last year's record annual earnings. Business has been supported by new product introductions and early signs of an improvement in demand. XP is encouraged by this trend, but remains cautious on calling a broader recovery in demand. Broadcast content provider UBC Media paid a maiden dividend of 0.102p a share after swinging to a profit of £620,000 from a loss of £2.04m the previous year. Revenues climbed to £1.935m from £1.776m.Eastern European property investor Atlas Estates posted a rise in revenues to €33.6m in the nine months to September 30 from €30m over the same period the previous year, but said losses widened to €23.6m from €7m. During the period it completed its Platinum Towers residential development in Warsaw.Shares in Lipoxen jumped after the bio-pharmaceutical company said it has signed a collaboration agreement with Russian drug group Pharmsynthez to apply its technologies to drugs for treating MS and HIV.Shares in Empyrean Energy rose after the oil and gas group said it had encountered more significant and minor fractures at its Riverbend project in Texas.Shares in Xtract Energy fell back after the energy and mineral investor posted a pre-tax loss of £22.5m in the year to June 30 from a profit of £955,000 the previous year after 'a tough period marked by financial turmoil and declining commodity prices which made for extremely challenging investment conditions.'ILX, the e-learning software provider, saw profit before tax and non-recurring items ease to £0.49m in the six moths to 30 September, from £1.07m a year earlier. One off charges rose to £0.27m from £0.13m, largely as a result of restructuring costs. Revenue dipped to £7.40m from £7.87m, as the finance training market contracted.Mobile email and data synchronisation provider Synchronica has won a contract to provide its Mobile Gateway product to 20,000 users on a West African mobile network. The contract is worth £0.2m.

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15 Nov 2013 10:11

Antrim Energy Shares Plummet Despite Its First Ever Quarterly Profit

25 Oct 2013 11:24

UK WINNERS & LOSERS: Partial Sell-Off Again Sees Centamin Rise As Nyota Falls

25 Oct 2013 10:29

STOCKS NEWS EUROPE-UK small caps up slightly more than blue-chips

Britain's small cap equity indexes rise to slightly outpace gains on the blue-chip index. The FTSE Small Caps Index and junior-listed FTSE AIM All Share Index are both up by 0.2 percent in mid-session trade, with the blue-chip FTSE 100 index up by 0.1 percent. The FTSE 250 Mid Caps I

25 Oct 2013 09:33

MARKET COMMENT: UK Shares Trade Flat, UK GDP In Line, German Data Weak

25 Oct 2013 08:24

Antrim shares jump as Causeway and Cormorant production resumes

Canada-based oil and gas company Antrim Energy said oil production at the Causeway and Cormorant East Fields in the North Sea had restarted. It follows the completion of maintenance work on the North Cormorant platform. Antrim, which has a 35.5% interest in the Causeway field and 8.4% interest in

25 Oct 2013 07:22

Antrim Energy Says Production To Rise At Causeway Field

2 Jul 2013 15:05

Antrim says new technology puts small N.Sea oil field back on track

By Sarah Young LONDON, July 2 (Reuters) - Small North Sea explorer Antrim Energy said new technology had allowed it to revive plans to start oil production at a field it previously abandoned as unviable, sending its shares up 45 per cent and raising hopes other such fields could be develope

2 Jul 2013 11:20

STOCKS NEWS EUROPE-UK small caps fall 0.1 percent mid-session

The FTSE AIM index falls 0.1 percent, outperforming a 0.4-percent drop from the midcaps, while lagging the FTSE Small Cap index which trades flat. AIM-listed exploration and production firm Antrim Energy jumps 46 percent in brisk trade after the UK Department of Energy and Climate Change a

15 May 2013 13:53

Antrim Energy fails to impress despite reduction in Q1 losses

Antrim Energy shares dropped by nearly a third after the AIM-listed exploration and production company revealed its working capital declined sharply in the first quarter of the year - and despite significantly reduces its losses for the period. At the quarter-end the group had a working capital de

14 May 2013 11:54

Antrim Energy's farm out deal with Kosmos Energy approved

Antrim Energy's farm out deal with Kosmos Energy has been given the green light by the Irish government. The two will now apply to the Minister of State at the Department of Communications, Energy and Natural Resources for the licensing option 11/5 to be converted into a 15-year frontier explorati

1 Feb 2013 09:32

Antrim Energy pulls withdraws from Fionn Field subarea

AIM-listed exploration and production company Antrim Energy has elected to opt out of the Fionn Field development in the North Sea, according to an operational update issued by the company on Friday. The company, which has interets offshore in the UK North Sea, Ireland and Tanzania, stated that the

1 Feb 2013 07:55

Friday broker round-up UPDATE

Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.

16 Jan 2013 17:36

CORRECTED-UPDATE 2-Antrim's oilfields shut after leak in UK Brent pipeline system

(Corrects paragraph 8 to say oil prices hit a high of $110.84, not $111) * Production halted at Causeway, Cormorant East fields * Analyst estimates production could be halted by a week * Antrim shares fall as much as 4 percent By Krithika Krishnamurthy Jan 16 (Reuter

16 Jan 2013 15:35

UPDATE 1-Antrim's 2 fields shut after leak in UK Brent pipeline system

* Production halted at Causeway, Cormorant East fields * Analyst says impact on Antrim could be minor * Antrim shares fall as much as 4 percent By Krithika Krishnamurthy Jan 16 (Reuters) - Antrim Energy Inc said two of its oil fields in the North Sea went off production following a leak in an oil p

16 Jan 2013 09:17

Antrim Energy: potential hydrocarbon leak on Cormorant Alpha platform

Antrim Energy has announced that the export infrastructure system used by the Causeway Field and Cormorant East Field in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform. All production and associated pipeline infrastructure ass

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Small caps round-up: Solo Oil, British Polythene, Antrim Energy...

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