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Pin to quick picksDeltic Energy Share News (DELT)

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TRADING UPDATES: Steppe Cement revenue up; H&T raises GBP16.9 million

Fri, 07th Oct 2022 20:16

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

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Xtract Resources PLC - Australia, Mozambique and Zambia-focused gold producer, exploration and development company - Total mining contractor gold production for the quarter to June 30 amounts to 54.15 kilogrammes, equivalent to roughly 1,344 ounces. Achieves gold sales of 465 ounces in the period and records revenue of USD642,115. The results for the June quarter are fairly consistent with previous quarters with Guy Fawkes slowly opening up areas for production. Fair Bride is now in production and teething problems of the plant and the mine are being reduced and eliminated. "We anticipate gold production will increase significantly in the final quarter of this year," Executive Chair Colin Bird comments.

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H&T Group PLC - Surrey, England-based pawnbroker - Raises gross proceeds of GBP16.9 million through a placing and retail offer. Says it placed 3.9 million shares at 425 pence and that retail investors have subscribed for a total of 61,357 new shares at the same price. Shore Capital acted as sole broker and bookrunner for the placing. The placing shares and retail shares represent roughly 10% of its issued share capital.

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Deltic Energy PLC - AIM-listed natural resources investing company - Raises GBP960,000 in an open offer. Says it received valid acceptances from qualifying shareholders for 27.4 million open offer shares. Raises a total of GBP16.0 million via a placing, subscription and open offer.

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Steppe Cement Ltd - Kazakhstan-focused construction materials firm - Registers third quarter revenue of KZT13.1 million, or GBP24,996, 9% higher than revenue of KZT12.0 million the previous year. For the 9 months ended 30 September 2022, it records revenue of KZT32.7 million versus KZT28.8 million year-on-year. Explains that 2% higher sales volume of 546,357 tonnes were achieved during the quarter.

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Beowulf Mining PLC - natural resource developer and explorer focused on the Nordic region - Identifies 13 highly conductive electromagnetic zones at its Raapysjarvi flake graphite prospect. Says isolated zones are extending for up to 850 metres strike length and 250 meters width. Says six holes drilled in the 1980s have also been resampled and reassayed. "The encouraging exploration data set indicates significant potential for natural flake graphite mineralisation suitable for graphite anodes across Raapysjarvi," the company states.

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Netcall PLC - Bedford-based customer engagement software provider - Issues an early redemption notice to redeem the final GBP2.9 million of its original GBP7.0 million loan note held by BGF Nominees Ltd. The final redemption payment of GBP2.9 million will be paid on October 14. The Company will be debt-free from that date.

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Starcrest Education Ltd - developer and operator of education services in Europe - Appoints Nick Petford to the board as executive director and chief academic officer from October 1. He is managing director of APSC-Ltd, a consultancy that provides advice to the UK and overseas university sector. Until July 31, he was vice-chancellor and chief executive officer at the University of Northampton.

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Voyager Life PLC - Perth, Scotland-based supplier of cannabidiol and hemp seed oil products - Notes press speculation about a potential acquisition under board consideration. Says that it has been examining potential consolidation and partnership opportunities. Adds that it has received "several enquiries" but also is exploring other opportunities "of which it is aware." Requests that its shares are temporarily suspended on the AQSE Growth Market, pending finalisation of its acquisition discussions and says trading will now be restored.

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SuperSeed Capital Ltd - venture capital for early-stage business-to-business technology companies in UK - Says its primary holding, SuperSeed Fund II, has led a GBP1.3million Seed funding round into Finteum Ltd, a London fintech start-up. The funds raised will enable Finteum to expand functionality and bring many more banking clients on board the platform.

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Inland Homes PLC - Buckinghamshire, England-based housing plot developer - Gets a waiver from its lender for its revolving credit facility on the interest cover ratio covenant for the year, which ended June 30. Agrees to an extension to its facility to October 2023 from March 2023. Completes two land sales to "major housebuilders." The net sale proceeds from the land disposals amount to GBP9.0 million.

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Xeros Technology Group PLC - Rotherham, England-based environmental technology firm - Raises gross proceeds of approximately GBP6.0 million, through the placing of 120,000,000 shares at the issue price of 5 pence per ordinary share. Intends to provide all qualifying shareholders with the opportunity to subscribe for a total of 20.4 million open offer shares at the same price.

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Gelion PLC - Sydney-based battery cell developer - Establishes a pilot manufacturing plant at the lead-acid factory of its commercial partner Battery Energy Power Solutions Pty Ltd in Western Sydney, Australia. Says the plant was completed ahead of schedule with a 2-megawatt hours annual capacity. The first battery production run will be exported to Acciona Energia in Spain. Believes it is now strongly positioned to deliver on its commercialisation strategy.

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Capital Metals PLC - London-based mineral sands explorer - Non-Executive Director James Leahy says during the annual general meeting that the company has received its first two industrial mining licences. Says it is in ongoing discussions with off-takers, debt providers and other strategic funding parties. Confirms parties include large pigment producers out of Asia. Plans to focus on finalsing these discussions.

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British Honey Co PLC - Buckinghamshire, England-based producer of spirits, honey and jams - Announces a further delay to the publication of its final results and annual report for 2021. Anticipates that the audit opinion will be complete by mid-October 2022 and that its final results will be announced shortly thereafter. Its shares will remain suspended in the meantime.

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Uru Metals Ltd - Toronto-based investor and mine project developer - Completes the disposal of its Zebediela nickel project located in Limpopo, South Africa to Zeb Nickel Corp. Says the project remains its primary focus, through its 75% interest in Zeb Nickel. Notes Zeb Nickel started drilling. Holds cash and cash equivalents of GBP360,000 as at September 30.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 16:54

EARNINGS AND TRADING: Deltic's new licences; Roadside AIM restoration

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

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30 Apr 2024 12:07

IN BRIEF: Deltic Energy says Pensacola on track to be drilled in 2024

Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - Says it is yet to secure a farm-out partner for the Pensacola asset, as it grapples with a "hostile political environment". Explains the UK energy profits levy, "resultant fiscal uncertainty created by the current government" and unfavourable "rhetoric" from the opposition Labour Party has hurt North Sea investment. "This has resulted in many operators diverting capital away from the [UK Continental Shelf] or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola." Adds: "although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024." It also warns that tough market conditions mean "accessing traditional equity capital" is not a viable option for the company to fund its share of the Pensacola well costs. It warns of a possible withdrawal from Pensacola if a funding solution is not in place by the end of next month. The firm holds a 30% interest in Pensacola. Says Pensacola remains on track to be drilled in the final quarter of 2024.

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30 Apr 2024 11:15

AIM WINNERS & LOSERS: Deltic warns on Pensacola; IG Design profit beat

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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3 Apr 2024 15:15

TRADING UPDATES: Sutton Harbour refutes Plymouth City Council claims

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

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7 Feb 2024 15:20

Canaccord Genuity lowers target price on Deltic Energy

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on exploration and development firm Deltic Energy from 185.0p to 160.0p on Wednesday following the recent farm-out of 25% of UK licence P2437.

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7 Feb 2024 13:13

Deltic Energy strikes farm-out deal on Selene Prospect

(Sharecast News) - Natural resources investing company Deltic Energy announced a significant agreement regarding licence P2437 and the Selene Prospect on Wednesday, as it entered into a farm-out deal with Dana Petroleum, transferring a 25% interest in the licence while retaining a 25% non-operated equity interest.

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7 Feb 2024 12:04

IN BRIEF: Deltic Energy rises on Selene farm-out to Dana Petroleum

Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - Enters into an agreement regarding a farm-out of a 25% interest in its P2437 licence containing the Selene prospect in the Southern North Sea, to Dana Petroleum (E&P) Ltd. Says it will have no exposure to 2024 drilling and test costs, but retains a 25%.

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5 Feb 2024 16:55

IN BRIEF: Deltic Energy hails rig deal for P2437 and P2252 licences

Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - Celebrates as Shell UK Ltd, which operates the P2437 and P2252 licences, has confirmed the signing of a rig contract with Valaris. The deal, which is for the drilling of both the Selene and Pensacola wells, will use a heavy duty jack-up rig known as Valaris 123. Contract and mobilisation should start between June and July this year, with the wells drilled sequentially.

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1 Feb 2024 18:47

TRADING UPDATES: Live Co stalls results; GCM requests suspension lift

(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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19 Jan 2024 13:03

Deltic reports latest findings from Pensacola Discovery

(Sharecast News) - Natural resources investor Deltic Energy reported on the findings of a competent person's report (CPR) for the Pensacola Discovery on Friday.

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19 Jan 2024 10:41

Deltic Energy says North Sea joint venture could net USD205 million

(Alliance News) - Deltic Energy PLC on Friday said that promising results had emerged from a third-party assessment of its joint-owned Pensacola Discovery reef.

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3 Jan 2024 13:48

Deltic Energy achieves 'Carbon Neutral Business' status

(Sharecast News) - Deltic Energy announced its status as a 'Carbon Neutral Business' on Wednesday, as certified by Carbon Neutral Britain.

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3 Jan 2024 08:37

IN BRIEF: Deltic Energy awarded carbon neutral certification

Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - receives carbon neutral certification on Wednesday following assessment by Carbon Neutral Britain Ltd. The company's scope one, two, and three emissions for the year ended October 31 were assessed by the voluntary carbon offsetting organisation. All of Deltic's corporate emissions have been offset through independently verified carbon offsetting projects. The certification will require annual renewal.

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18 Dec 2023 18:33

EARNINGS AND TRADING: Goldplat profit tumbles despite revenue jump

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

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18 Dec 2023 09:59

Deltic Energy makes progress at Pensacola, Selene

(Sharecast News) - Southern North Sea natural resources investor Deltic Energy updated the market on its Pensacola and Selene projects on Monday.

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