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Pin to quick picksEco (atlantic) Share News (ECO)

Share Price Information for Eco (atlantic) (ECO)

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Share Price: 14.20
Bid: 14.10
Ask: 14.30
Change: 0.40 (2.90%)
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Open: 13.875
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EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

Tue, 29th Nov 2022 21:36

(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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ActiveOps PLC - Reading, England-based management software firm - Pretax loss for the six months to September 30 narrows to GBP606,000 from GBP991,000 a year before. Revenue grows 7% to GBP12.3 million versus GBP11.5 million. Attributes this to new customer wins and "substantial expansion deals," resulting in substantial growth in SaaS revenue. Remains optimistic about the future due to expansion deals on the horizon and an expanding product offering.

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First Property Group PLC - London-based property fund manager and investor - Pretax profit in the six months to September 30 falls 64% to GBP2.4 million from GBP6.7 million. The profit last year was flattered by a loan restructuring, it explains. Revenue grows to GBP4.2 million versus GBP4.0 million. Maintains an interim dividend of 0.25 pence per share. "There is bound to be a period of weakness, but things should settle during 2023 as long as there are no other shocks to the system. In time, higher inflation should result in rents increasing across the board, though a recession may slow down this adjustment," Chief Executive Ben Habib comments.

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Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Reports net loss of USD16.5 million for the six months to September 30, widened from USD1.2 million a year before, as total operating expenses jump to USD17.3 million from USD1.4 million. Interest income multiplies to USD56,452 from GBP8,435. Expects to have roughly USD17.5 million cash and cash equivalents at the end of November 2022, following receipt of the initial proceeds from the sale of the Kozani project in the coming days. "We remain highly optimistic about the potential contained within the Orinduik Block, and we are working with our JV partners to drill another well as quickly as possible. Guyana remains one of the most exciting exploration hotspots, alongside Orange Basin SA and Namibia, where we also hold a highly strategic acreage position, and we are working hard to deliver value for all our stakeholders across our asset portfolio in the near to medium term," President & CEO Gil Holzman comments.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Swings to a pretax profit of EUR13,593 in the financial year that ended May 31 from a loss at EUR422,192 the year prior. The profit was generated as a result of the movement in fair value of warrants totalling EUR389,904, it explains. Looks forward to receiving the necessary land valuation decisions in addition to the planned diamond exploration work in Finland.

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Atrato Onsite Energy PLC - London-based renewable energy investment trust - Net asset value per share stands at 92.8 pence as at September 30, down versus 97.4 pence as at March 31. Share price on the same date falls to 99.5 pence from 112.5 pence. Declares a dividend of 3.01p, in line with its target set out at the IPO. Deploys GBP49 million into a diversified portfolio of solar photovoltaic systems during the period. "Our investments support the UK's net zero agenda whilst delivering progressive dividend income and long-term opportunities for capital growth. We are encouraged and feel confident in the position we have built for onsite solar in the UK," Chair Juliet Davenport comments.

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Inqo Investments Ltd - South Africa-focused investment firm - Pretax loss in the half-year period to August 31 widens to ZAR5.2 million, or GBP255,916, from ZAR5.8 million a year before, as selling & administrative expenses to ZAR3.8 million from ZAR2.4 million. Revenue multiplies to ZAR3.4 million from ZAR607,688. Says that it remains in a good financial position with total assets of ZAR147.5 million and minimal debt.

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Puma VCT 13 PLC - venture capital trust - Net asset value as at August 31 stands at 136.33 pence, up from 129.84p the year before. This can be attributed to an upward revaluation across the majority of holdings, it explains. Records a return of 2.42p per share.

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Conroy Gold & Natural Resources PLC - Dublin-based gold exploration and development focused on Ireland and Finland - Swings to a pretax loss of GBP256,484 from a profit of GBP211,010 in the year which ended May 31. Operating expenses rise to GBP832,340 versus GBP752,619. Records no revenue in the period, unchanged from a year before. "Overall, we have made excellent progress in the last year and we will look to accelerate the pace of the work programme in the current year," Chair Richard Conroy comments.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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11 Jul 2023 10:24

IN BRIEF: Eco Atlantic sells stake in block for up to USD10.5 million

Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on offshore Atlantic Margins - Signs legally binding letter of intent under which its subsidiary, Azinam Ltd, will farm out a 6.3% participating interest in block 3B/4B to Africa Oil SA Corp, a subsidiary of Africa Oil Corp, for up to USD10.5 million. The completion of the acquisition is subject to customary conditions, including regulatory approvals from the government of South Africa and from the TSX Venture Exchange in Toronto. Upon completion, Africa Oil SA will hold a 26% interest, Azinam will hold a 20% interest and Ricocure (Propertiary) Ltd will hold the remaining 54%.

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21 Mar 2023 14:48

IN BRIEF: Eco Atlantic Oil & Gas eyes exploration in Orange basin

Eco Atlantic Oil & Gas Ltd - Atlantic Margins-focused oil and gas company - Says it is applying for environmental authorisation to begin exploration activities in Block 3B/4B in the Organe Basin off the Northern Cape of South Africa. It and its joint venture partners have contracted Environmental Impact Management Services Pty Ltd of South Africa to apply for a permit to drill one well and one contingent well - and potentially up to five wells - within an area of interest in the north of the block. EIMS is also appointed to undertake the required environmental impact assessment.

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9 Mar 2023 20:44

TRADING UPDATES: Castillo Copper upgrades mineral resource estimate

(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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28 Feb 2023 21:05

TRADING UPDATES: Eco Atlantic swings to loss; Curtis approves takeover

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

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22 Feb 2023 19:38

IN BRIEF: Eco Atlantic Oil & Gas converts 600,000 units into shares

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Converts 600,000 of its restricted share units issued to directors into common shares of no par value in the company on December 28. Says application for admission to trading on AIM has been made. Expects that the admission will become effective, and trading in the shares will start on February 28, 0800 GMT. Says Chief Executive Officer Gil Holzman elected to convert 475,000 restricted share units held by him. Adds that its enlarged issued share capital will consist of 365.7 million common shares.

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23 Dec 2022 18:15

TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

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

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18 Nov 2022 16:58

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

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18 Nov 2022 13:22

Eco Atlantic confident despite lack of results from Gazania-1

(Sharecast News) - Oil and gas explorer and developer Eco Atlantic announced on Friday that the Gazania-1 well on block 2B, offshore South Africa, which spudded on 10 October, reached its target depth of 2,360 metres, but did not show evidence of commercial hydrocarbons.

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18 Nov 2022 12:18

LONDON MARKET MIDDAY: Stocks pick up and pound firms against dollar

(Alliance News) - Stocks in London were higher by midday on Friday, managing to shake off a gloomy economic backdrop, while the pound got a boost from market acceptance of Thursday's UK government budget.

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18 Nov 2022 11:16

AIM WINNERS & LOSERS: Parsley Box to exit AIM as shares wilt since IPO

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

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18 Nov 2022 10:17

Eco Atlantic shares fall on hydrocarbon failure at South African well

(Alliance News) - Eco Atlantic Oil & Gas Ltd on Friday said that its Gazania-1 well had reached its target depth of 2,360 metres but did not show evidence of commercial hydrocarbons.

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4 Oct 2022 14:28

IN BRIEF: Eco Atlantic Oil & Gas shares up as well operations start

Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Starts operations on the Gazania-1 well in offshore South Africa. Says the Gazania-1 exploration well is being drilled to a depth of approximately 2,800 meters through a multizone pay section. The Gazania-1 prospect is targeting over 300 million barrels of light oil.

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4 Oct 2022 13:55

Eco Atlantic starts drilling Gazania exploration well

(Sharecast News) - Oil and gas explorer Eco Atlantic announced the arrival of the 'Island Innovator' semi-submersible drilling rig on Block 2B on Tuesday, and the start of operations on the Gazania-1 exploration well.

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21 Sep 2022 15:57

DIRECTOR DEALINGS: Eco Atlantic shares sold in fraud against chair

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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