Empresaria Group Share News (EMR)

Ceres Power's interim loss grew to £5.9m from £3.3m a year earlier as revenue slumped 39%, blamed on the £2m Alpha milestone completion payment from British Gas last June being recognised as revenue when earned, based on costs incurred over the Beta and Gamma phases.Brian Count, chairman of the UK alternative energy company, said he was pleased to report significant progress during the period, in which it secured its first international mains gas CHP commercial programme, with Bord Gáis for the Irish market.Empyrean Energy's Kennedy-1H and Weston-1H wells on Block B at the Sugarloaf project in Texas have recorded 30 day average production rates of 11.7 and 11.5 million standard cubic feet per day (mmscfe/d) respectively.The company called the figures "very encouraging"Fortune Oil will get US$5.3m from Australia's Arrow Energy after China approved an extension of the exploration period for the Production Sharing Contract for the Liulin coal-bed methane block for a further two yearsArrow, which paid $8m to Fortune in December, will now own 35% of Fortune Liulin Gas. Its involvement is not expected to be disrupted by the proposed restructuring of its parent company, Arrow Energy Limited.Working alongside China United Coalbed Methane Corporation (CUCBM), its agreed objective is to demonstrate a gas production capacity of 1.8bn cubic feet per year from wells drilled in 2009 and 2010. Greystar Resources announced additional drill results from the Mongora prospect, immediately to the south of the Angostura gold-silver deposit in the California mining district, Colombia."While the drill program at Mongora is focused on the delineation of open pit oxide gold mineralization, drill results have identified promising sulphide mineralization as well," it said."Drilling at Mongora has the potential to outline a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at Angostura."Orsu Metals made $99m in 2009 compared with a loss of $322.6m the year before, but continuing operations recorded a deficit of $10.6m versus a pre-exceptional profit of $15.1m in 2008.The miner updated Indicated Resource estimates for its Taldybulak project in northeast Kyrgyzstan to 141m tonness (Mt) @ 0.66 g/t gold, 0.17% copper and 0.01% molybdenum.There's also an 86% increase in the Indicated category for contained gold ounces and 57% in terms of contained copper.Shares in Coolabi jumped after the brand owner announced that the personal goods chain Superdrug will stock its Scarlett & Crimson cosmetics range.Coolabi, which has the rights for the characters Purple Ronnie and Bagpuss, also announced a pre-tax loss of £1.38m for the 18 months to 31 December, on revenues of £3.36m.Specialist staffing company Empresaria fell into losses in 2009 as revenues slipped.The company posted a pre-tax loss of £3.4m for the year, compared with a profit of £1.3m the previous year, on revenues that fell to £195.2m from £207.7m.'Trading conditions in the first half of the year in Germany, the UK and Japan, our three largest markets, were incredibly challenging,' the company said.