Accsys Tech Share News (AXS)

Shopfitter Havelock Europa has warned full-year results will likely miss forecasts following a 31% slump in order intake to £81m in the first ten months of 2009."Whilst there is some encouragement from recent enquiry levels, revenue booked to date is running below forecast and it is unlikely that any improvement in order intake will compensate for this in the period to 31 December 2009," it said.Kryso Resources says the total JORC compliant resource at its Pakrut gold project in Tajikistan has increased by 43% to 2.83m ounces."We expect to achieve a further increase in the first half of next year following the incorporation of additional results from this year's drilling into the resource," said Trevor Davenport, Kryso's non-executive chairman and acting managing director.Kazakhstan-focused Max Petroleum's ZMA-AN2 development well in the Zhana Makat Field has reached a total measured depth of 780 metres.Well logs indicate 8 metres of net oil pay in the Neocomian sandstone reservoir at true vertical depths of 660 to 668 meteres, all in line with expectations. European newspaper group Mecom is lower as the negative trend in advertising revenues continued in the second half, albeit at a slower pace than in the first six months of 2009.Ad revenue fell 18% in the four months to 31 October versus 22% in the half-year to 30 June, but cost-cutting gives the firm confidence that full year EBITDA will meet market forecasts.Leni Gas & Oil is about to embark on a winter campaign to re-instate facilities at the Ayoluengo oilfield in Spain and boost oil and gas production from the field.The firm also said direct and indirect monthly production totalled 12,034 barrels of oil equivalent (boe) in September at an average 411 barrels a day.Radicle Projects, set up to buy Australian agribusinesses, will have to complete asset sales by the end of 2009 if it can't get a share placing off the ground, or face going under.The AIM-listed company, whose cash balance has dropped to £470,000 from £660,000 at the end of August, said in September that more than 75% of the holders of the Series A Convertible Note had agreed on a restructuring of the terms of the notes. This would include a reduction in the face value of the debt to 60% of the original £15.1m value of the notes, while the coupon interest payment due in December will be deferred until 30 June 2010. But the restructuring is conditional upon Radicle securing enough funds to meet working capital requirements. That's where the share placing comes in.Details are expected shortly.Property group Hansteen said it is now very well positioned to take advantage of the 'considerable' opportunities which will arise in both the UK and Europe as a result of the economic downturn.The group said it is experiencing higher vacancies in its portfolio and expects this trend to continue for the rest of the year, reflecting the continuing difficult trading conditions for its customers in Continental Europe. New boss Paul Clegg looks to have a task on his hands at Accsys Technologies after the wood products firm fell deep into the red at the interim stage as revenues collapsed.The company reported a loss before tax of €8.03m in the six months to the end of September, compared to a profit of €0.23m. Revenue dived to €9.33m from €17.87m, reflecting, in part, a two month closure in the group's Arnhem processing facility to enable process improvements and an automated wood logistics system to be implemented.Engineering support services group Redhall has won contracts worth £10m from the Sellafield fuel handling plant and the Atomic Weapons Establishment at Aldermaston. Structural steel supplier Severfield-Rowen says the financial year of 2009 is concluding with overall group performance likely to be slightly ahead of expectations."While the UK market will be very challenging, the company has made evident progress in addressing capacities and costs and is well positioned to grow domestic share. In export markets, the company is demonstrating its competitive capability," it added.Petroceltic reports well testing of the Objective Devonian F2 formation at well INE-2 has been successful, with a gas well test rate of 4m standard cubic feet per day with a flowing wellhead pressure of 180 PSI on a 1' choke setting.