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Pin to quick picksEcho Energy Share News (ECHO)

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TRADING UPDATES: DP Poland finds new CFO; Spectral MD wins new money

Tue, 30th Aug 2022 20:17

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

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HSBC Holdings PLC - Asia-focused lender - Prices three subordinated note offers. Says 7.35% 2032 notes priced at fixed spread of 235 basis points, giving USD1,145 per USD1,000, while 7.625% 2032 notes at USD1,159.

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DP Poland PLC - franchisor in Poland for Domino's Pizza - Executive Director and Chief Financial Officer Malgorzata Potkanska to step down on September 30. Will appoint Edward Kacyrz to role, who has worked at Mars, Levi Strauss and Kimberly Clark in Poland. "Having started his career in accounting and finance roles, Edward progressed into business development, corporate development and strategy at Velvet Care and most recently at Smyk, Poland's leading toys and children apparel retailer," it adds. Kacyrz to take up role on December 1. "If any gap arises between departure of the current CFO and arrival of the incoming CFO, the company's finance function will be overseen by a non-executive director and supported by Maciej Jania, former CFO of DP Poland and current head of Revenue," it explains.

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Spectral MD Holdings Ltd - London and Dallas, Texas-based predictive analytics for wound care - Wins USD8.2 million in additional funding from US Biomedical Advanced Research & Development Authority. "The additional funding will further accelerate the commercialisation of the company's DeepView Wound Imaging System by expanding the number of sites for the clinical training study for burn wounds, increasing DeepView's interoperability with health systems' electronic health records, and accelerating the company's manufacturing readiness," it says.

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Directa Plus PLC - London-based graphene nanoplatelets supplier - Nets notice of allowance from the United States Patent & Trademark Office for the grant of a patent covering the company's G+ embedded polyurethane membrane. Giulio Cesareo, founder and chief executive of firm, says: "Our core textile offering is generating considerable interest in the US market and therefore patent protection, and defence, in the territories in which we operate remains a fundamental part of our strategy to create value for shareholders." G+ membranes provide superior thermal comfort by enhancing heat retention, it notes.

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Iconic Labs PLC - London-based media and technology company - Says it enters settlement agreement with Greencastle Media, Arch Capital Partners LLP, D Sefton and the European High Growth Opportunities Securitization Fund. "As a result, all litigation proceedings have been dismissed, and all claims, counter claims, including defamation claims, among the parties, have been waived or will be waived upon the company voluntary arrangement being approved," it adds. As a result, CVA proposals finalised and being sent to creditors. Notes European High Growth Opportunities Securitization Fund agrees to provide funding for CVA and general working capital purposes. Shares suspension will be lifted if CVA approved.

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Longboat Energy PLC - exploration and production company focused on the North Sea - Starts drilling at Copernicus exploration well, which is 10%-owned by company, in Norway. "Copernicus is the primary prospect located in license PL1017, which lies on the Utgard High in the Voring Basin region of the Norwegian Sea," company explains. "The drilling of the Copernicus well 6608/1-1S, operated by PGNiG Upstream Norway AS, is being undertaken by the Deepsea Yantai drilling rig and is expected to take up to eight weeks to drill."

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Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Expects drilling at Cinnabar-1 well in Tyler County, Texas to start in "next week or two". "The Cinnabar well is planned for a vertical depth of 9,900 feet. The primary targets are the Wilcox sands, which produce oil and gas in nearby wells. The drilling is expected to take about two weeks," it adds. Owns about 75% working interest in well.

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Echo Energy PLC - London-based energy company focused on Latin America - Says it has been granted 1-month extension to publish 2021 annual results. Must now publish results by September 30. "With the audit of the local Argentinian JV entity, in which Echo holds a 70% non-operated interest, completed in August 2022, the company's UK auditor is now working to finalise its own audit of the company and the company will endeavour to publish the 2021 annual report as soon as possible, and significantly ahead of 30 September 2022," it adds.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Apr 2023 10:48

Echo Energy sees fall in quarterly oil & gas production in Argentina

(Alliance News) - Echo Energy PLC said on Tuesday its cash balances have "significantly weakened" amid fall in Argentine production and high inflation.

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3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

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

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13 Jan 2023 11:08

Echo Energy fourth-quarter production up; aims to accelerate growth

(Alliance News) - Echo Energy PLC on Friday said production was up in the fourth quarter, as it targets the reopening of more wells.

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6 Dec 2022 17:47

Echo Energy completes reactivation of Chorillos wells at Santa Cruz

(Alliance News) - Echo Energy PLC on Tuesday said it has successfully reactivated three wells in the Chorillos field, after a dormant period of four years.

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6 Dec 2022 12:37

Echo Energy reactivates three Chorillos wells

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress with the reactivation of three wells in the Chorillos field on Tuesday, which it first announced on 10 November.

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2 Dec 2022 14:45

Echo Energy submits shares to AIM on completion of debt restructuring

(Alliance News) - Echo Energy PLC on Friday said that, following the completion of its balance sheet restructuring, it has made an application for over three billion shares to be admitted to trading on AIM.

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2 Dec 2022 12:39

Echo Energy set to complete its debt restructuring

(Sharecast News) - Latin America-focussed Echo Energy announced the completion of its debt restructuring and issue of equity on Friday.

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

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

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10 Nov 2022 14:35

Echo Energy makes good progress at Santa Cruz Sur

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress in the execution of the Santa Cruz Sur assets production and infrastructure enhancement plan on Thursday, which it first announced on 7 July.

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18 Oct 2022 15:18

IN BRIEF: Echo Energy debt holders agree to restructuring plan

Echo Energy PLC - producing from Santa Cruz Sur project, onshore Argentina - On Thursday last week, holders of EUR20.0 million in 8.0% secured notes issued by Echo agree to restructure the notes. Note holders representing EUR10.5 million in notes approved the plan by 67%. The deal, if approved by Echo shareholders at a general meeting called for Monday next week, will see EUR15.0 million of debt principal, plus accrued interest, will be converted into new shares at 0.45 pence per share. Earlier in the week, Echo had reported that it produced 392,253 barrels of oil equivalent in the first nine months of 2022, with net production increasing in the third quarter from the second.

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30 Sep 2022 22:02

EARNINGS SUMMARY: Echo Energy, Enwell Energy, Sivota revenue rises

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

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28 Sep 2022 08:11

IN BRIEF: Echo Energy completes first stage of Santa Cruz Sur plan

Echo Energy PLC - London-based energy company focused on Latin America - Says it has successfully completed "first operational priority" of Santa Cruz Sur plan. The plan, announced in July, aims to materially lift output at Santa Cruz Sur. Echo Energy says all three power generational units are fully operational in the Cerro Molino Oeste, El Indio Oeste and Oceano fields. They will provide power to support "existing and future production levels".

Read more
22 Sep 2022 15:49

UK shareholder meetings calendar - next 7 days

Friday 23 September 
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Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
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Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
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Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
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Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
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Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganization
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Sep 2022 14:51

EARNINGS SUMMARY: Alumasc ups annual payout; PCI-PAL loss narrows

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

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