Firering Strategic Minerals: From explorer to producer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEmpyrean Share News (EME)

Share Price Information for Empyrean (EME)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.29
Bid: 0.35
Ask: 0.35
Change: 0.0325 (12.15%)
Spread: 0.00 (0.00%)
Open: 0.29
High: 0.29
Low: 0.29
Prev. Close: 0.2675
EME Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Softcat Cancels Interim Dividend Payout

Tue, 31st Mar 2020 18:31

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Tuesday and not separately reported by Alliance News:

----------

Softcat PLC - infrastructure services - cancels interim dividend of 5.4 pence per share in order to protect cash position.

----------

Castings PLC - iron castings and machining - Unable to predict impact on business for 2021 financial year. Experienced lower output levels in third quarter of year ended March 31. Expected increased demand in final quarter, but outbreak affecting truck sector significantly. Reduced production levels to meet lower demand.

----------

Mkango Resources Ltd - rare earth minerals - Remains focused on feasibility study for Songwe Hill rare earths project in Malawi, but now expects completion of study in second half of 2021.

----------

Leeds Group PLC - fabrics distribution - Activities in Germany severely affected by country wide lockdown. Expects to report substantial loss for year ending May 31.

----------

Ingenta PLC - software and services - Postpones publication of 2019 results, expects to report revenue of GBP10.9 million, and adjusted earnings before interest, taxes, depreciation and amortisation at GBP1.3 million. Revenue for 2018 was GBP12.0 million, while adjusted Ebitda was GBP769,000.

----------

Phoenix Global Resources PLC - Argentine-focused upstream oil & gas - Reducing its capital expenditure programs and exploring other cost saving methods. Plans to restructure the existing convertible credit facilities agreements with Mercuria Energy Netherlands.

----------

Horizonte Minerals PLC - nickel exploration - expects to publish 2019 results within 45-day extension period starting from March 31.

----------

Regional REIT Ltd - property investor - Confirms fourth quarter dividend payment of 2.55 pence per share. Rent collected for first quarter of 2020 lower year-on-year.

----------

Predator Oil & Gas Holdings PLC - oil & gas - Enhanced oil project in Trinidad remains on-track for revenue growth, with project economics still attractive despite low oil prices. Rig for drilling Guercif proposect in Morocco stored in yard, ready to be used when travel restrictions are lifted. Still plans to issue 2019 accounts by end of April.

----------

RPS Group PLC - professional services - Annual general meeting to still take place on April 30.

----------

AfriTin Mining Ltd - tin mining - Uis tin mining suspended due to 21-day Namibia lockdown, but will continue feeding the processing plant from the run-of-mine stockpile during this period.

----------

Trafalgar Property Group PLC - property development and hydroponics - Continues discussions for sale of three unit development in Ashtead Surrey, ceases move to acquire land at Staplehurst, UK. Will not raise funds to develop hydroponics strategy until it can be completed at suitable price.

----------

Science Group PLC - science-based consultancy - Trading in first quarter of 2020 in line with expectations, product development business Sagentia a part of UK government's Rapidly Manufactured Ventilator System. Manufacturing contract in negotiation stages. Underlying outlook unpredictable.

----------

Empyrean Energy PLC - oil & gas - Gaffey Cline & Associates to publish updated Competent Persons Report for Mako gas field in Indonesia despite travel restrictions. Seismic inversion work on block 29/11 offshore China not delayed by outbreak. Drilling of first well still scheduled between December 2020 and May 2021, but subject to revision.

----------

Aquila European Renewables Income Fund PLC - renewable energy investment - Affirms ability to meet planned 2020 dividend payout, no project development risk for existing investments due to current market conditions.

----------

Jersey Electricity PLC - Jersey-focused electricity supply - Defers planned 2.5% tariff rise which was to take effect from April 1, leading to estimated cost of GBP1 million for second half of financial year ending September 30. Expects to publish interim results in mid-May.

----------

PureCircle Ltd - stevia sweetners - Expects to delay publishing of results for six months to end of December. Publishes results for year ended June 30, 2019. Pretax loss widens to USD72.2 million from USD3.4 million, on revenue down by 2.1% to USD124.0 million.

----------

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
13 May 2014 11:42

Empyrean Energy Says Offer For Aurora Oil & Gas Has Increased

LONDON (Alliance News) - Empyrean Energy PLC Tuesday said the takeover offer for its partner on the Sugarloaf area of mutual interest (AMI) asset in Texas, Aurora oil & Gas Ltd, has been increased. The US-focused oil and gas exploration, development and production company said that Baytex E

Read more
1 Apr 2014 11:45

Empyrean Repays USD1.5 Million Of Debt Facility With Macquarie Bank

LONDON (Alliance News) - Empyrean Energy PLC said Tuesday that it had repaid USD1.5 million of its term debt facility with Macquarie Bank Ltd using cash proceeds from production. The company has a USD50 million facility in place with Macquarie to develop the Sugarloaf AMI project, an Eagle

Read more
7 Mar 2014 15:04

Empyrean's production expected to grow in 2014

Onshore oil and gas company Empyrean said it expects to see output and proven reserves grow at year-end with up to 110 new wells in production. The firm is currently producing about 900 barrels of oil equivalent per day, led by the Sugarloaf AMI licence in South Texas. Sugarloaf had 101 gross p

Read more
12 Feb 2014 12:02

Empyrean Energy Sees Production Increase At Sugarloaf In Texas

LONDON (Alliance News) - Empyrean Energy PLC Wednesday said its fourth-quarter production increased as new wells joined its production portfolio. The US-focused oil and gas development and production company said the total production for the three months ended December 31, 2013 remained str

Read more
7 Feb 2014 09:31

Empyrean Energy Says Sugarloaf Partner Has Received Takeover Offer

LONDON (Alliance News) - Empyrean Energy PLC Friday said Aurora Oil & Gas Ltd, its partner in the Sugarloaf area of mutual interest asset in Texas, is to be acquired for a high premium. The US-focused oil and gas exploration, development and production company said that Aurora will be bough

Read more
7 Feb 2014 08:15

Empyrean hails Baytex takeover of Sugarloaf partner Aurora

Empyrean Energy, the AIM-listed onshore oil firm focused on the US, has said that a third-party takeover of its partner at its flagship Sugarloaf project spells good news for the Texan asset. Canada-listed energy group Baytex on Thursday said that it has offered to buy Aurora Oil & Gas of Australia

Read more
5 Nov 2013 11:12

Empyrean Energy Says There Are 101 Producing Wells At Sugarloaf Project In Texas

Read more
30 Sep 2013 14:10

Empyrean Energy Makes 2nd Debt Facility Repayment To Macquarie

Read more
23 Sep 2013 10:55

Empyrean Energy Gets Stuck Into Texas Oil Wells

Read more
19 Mar 2013 10:09

Empyrean Energy to recommence operations at Riverbend Project

AIM-listed oil and gas exploration company Empyrean Energy will recommence operations at the Riverbend project, where it holds a 10 per cent working interest. In an update issued on Tuesday, Empyrean Energy reported that a new operator had been appointed and said that the Cartwright-IH well would b

Read more
9 Oct 2012 14:29

Resources round-up: Conroy, Empyrean Energy, New World Oil and Gas

Shares in Conroy Gold and Natural Resources, an AIM-listed mining company, leapt after the firm discovered two new gold targets at the Slieve Glah licence area in County Cavan, Ireland. The two targets, each of which are over 3km in length, returned anomalous gold values from the assay analysis, whi

Read more
21 Sep 2012 16:48

London close: Stocks finish flat, Sterling up but overbought

Footsie's movements were being directed by the Grand Old Duke of York today and, as in the old nursery rhyme, ended the day more or less neither up nor down. Extra time often leads to penalties What was set up to be the big item of the day, the decision from the independent directors of mining gr

Read more
21 Sep 2012 11:50

London midday: Stocks tread water

After a bright start London reversed course shortly after 10:00 and the top-share index is now little changed. Miners are still going well, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweig

Read more
21 Sep 2012 10:29

Resources round-up: Diamondcorp, Empyrean, African Eagle

Shares in Texan oil firm Empyrean Energy moved to a 52-week high on the back of a production update for new wells completed recently on the group's Sugarloaf project. The group has nine wells on the go at the project and has a 3.0% working interest in each of them. The two biggest producers - Davila

Read more
30 Jul 2012 15:29

Goodwin MD ditches 5,000 shares as profits leap

Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits. The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,3

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.