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Small caps round-up: Acal, Avation, Lonrho...

Thu, 03rd Feb 2011 11:00

European technology group Acal's like-for-like sales have increased by 17% since September, driven by strong growth in its core electronics division. "Assuming no deterioration from current levels, we expect full year results to be ahead of our previous expectations," the group said.Profits at aircraft leasing company Avation, which joined the Main Market of the LSE, jumped from £1.53m to £2.79m for six months ended 31 December. The numbers were "in line with an expansion of the scale of the group's operations," according to chairman Jeff Chatfield. The recent tie-up between Skywest Airlines (Australia) and Virgin Blue- to provide up to 18 new aircraft - could be earnings accretive before the year end, he added.Africa-based investment group Lonrho, whose shares have risen over 60% since October - delivered 21% revenue growth in its first quarter at £27.6m, from £22.8m the prior year. A strong performance in its agricultural production and processing logistics division lifted sales. Group gross profits rose by 32% to £6.8m. African Aura has received encouraging results from its reconnaissance drilling at its Ndablama gold prospect in western Liberia. Results from first 8 holes reported include 8m at 6.04 g/t and 16m at 2.38 g/t. Further trench results included 79m at 2.16 g/t. Soil sampling results have extended the gold anomaly to over 2km long."We are very encouraged by these early stage drilling and trenching results from the Ndablama gold prospect. This promising gold target is located approximately 40 kilometres North East of our 1.51Moz New Liberty gold project and demonstrates similar geology," Luis da Silva, President and CEO of African Aura commented. Bahamas Petroleum has completed the acquisition of 2D seismic in its southern licences, which confirmed the presence of multiple prospects. The company will engage an independent firm to define the full scope of the seismic analysis, define and hi-grade drillable prospects and assign resource estimates. Modern Water has acquired Cogent Environmental Limited from the private equity investor, Sultan Scientific Limited. Cogent Environmental is a global provider of state-of-the-art environmental and process monitoring products for monitoring heavy metals in over 20 countries. The consideration is £415,000 in cash, plus 642,571 ordinary shares.Oil explorer San Leon has received approval from the Albanian Government for the Durresi Block Licence Petroleum Complimentary Agreement for San Leon and its partner, Beach Energy Limited. San Leon, through a subsidiary, holds a 75% interest in the block and is the operator. Beach Energy holds the remaining 25% interest. The Durresi Block, offshore Albania, is situated along the highly prospective Apulian Margin. San Leon will focus on acquiring 3D seismic data over the next two months.
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23 May 2018 14:36

Bahamas Petroleum Co Raises GBP1.1 Million Via Share Subscription (ALLISS)

LONDON (Alliance News) - Bahamas Petroleum Co PLC said on Wednesday it has raised GBP1.1 million through a subscription of 44.0 million shares at a price of 2.5 pence per share.Shares in at

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3 May 2018 11:31

Bahamas Petroleum Shares Jump On Exclusivity Deal With Unnamed Firm

LONDON (Alliance News) - Shares in Bahamas Petroleum Co PLC more than doubled on Thursday after it signed a confidentiality & exclusivity contract with an unnamed international oil stock was a

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16 Mar 2018 13:35

Bahamas Petroleum Extends Employment Contract Of Chief Executive

LONDON (Alliance News) - Oil and gas company Bahamas Petroleum Co PLC said on Friday that Chief Executive Officer Simon Potter agreed to a 12 month extension to his contract,

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27 Sep 2016 10:31

Bahamas Petroleum Confident Of Securing Partners For Well Drilling

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21 Mar 2016 12:08

Bahamas Petroleum Still Hoping To Begin Offshore Drilling In 2017

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5 Feb 2016 11:31

Bahamas Petroleum gains as Senate passes Petroleum Bill

(ShareCast News) - AIM-listed oil and gas company Bahamas Petroleum announced on Friday that the Bahamian senate has approved a new petroleum bill that will provide an upgraded and modernised framework for explorations in the Bahamas. The company said the Governor general will now receive the bills

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5 Feb 2016 10:32

WINNERS & LOSERS SUMMARY: Just Eat Leaps As It Gobbles Up Takeaways

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5 Feb 2016 08:51

Bahamas Petroleum Rises As The Bahamas Seeks To Rejuvenate Industry

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13 Jan 2016 10:42

Bahamas Continues To Delay Drilling Whilst Searching For Partner

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22 Dec 2015 08:39

Bahamas Petroleum Welcomes Assembly Passage Of New Industry Regulation

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16 Dec 2015 17:06

Bahamas Petroleum Notes Second Reading Of Petroleum Legislature

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23 Jul 2015 08:29

Bahamas Wants To Drill "As Soon As Possible" But Waiting For Partner

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17 Jun 2015 08:47

Bahamas Petroleum Renews Southern Licences Until 2018

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17 Jun 2015 08:23

Bahamas Petroleum shares surge on licence renewal green light

Shares in Bahamas Petroleum Company (BPC) jumped on Wednesday after the oil and gas explorer received the all-clear to start drilling on four southern licences. After agreeing terms of a licence renewal addendum last month, the Governor General of Bahamas has now given the green light for operations

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8 Jun 2015 11:18

Bahamas Petroleum narrows loss with cost-cutting measures

Bahamas Petroleum reported a narrower pre-tax loss in 2014, as legal and professional fees shrank in the run up to drilling. For the 12 months ended 31 December, the company posted an overall loss of $4.7m, down 10% from 2013's $5.2m. Cost reduction actions include the board's decision to defer 20%

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