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Small caps round-up: Empyrean Energy, Enegi Oil, Synchronica

Thu, 23rd Dec 2010 11:15

Shares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year.Shares in Enegi Oil also fell back, even as losses narrowed sharply in the year to 30 June. Pre-tax losses totalled £1.26m, against a deficit of £17.24m the previous year.It has been quite a month for Synchronica, whose shares are up again after the mobile phone messaging technology group announced a contract with a mobile network operator in the Middle East worth about $1.5m (£1m). Synchronica will provide mobile push email and instant messaging software, professional services and support. It is the latest in a series of wins announced by the company this month.Fire equipment hirer AssetCo has sold Supply 999 Limited, Todd Research Limited and AS Fire & Rescue Equipment Limited for £5.25m to Spring Ventures.Oil and gas group Aurelian has reported a successful completion of its horizontal well at its Siekierki project, encountering 1378.5 metres of gas. The Bieszczady well is expected to hit its target depth by end February 2011.Aurora Russia recorded a loss of £6.3m or (5.62p) per share in the half year to September. Net assets were £93.2m or 82.9p per share. Aurora added it will return all of the net cash proceeds from realisations of assets to shareholders as long as the NAV discount is more than 20%. The manager has also agreed to reduce its annual management fee from 2.0% of NAV to 1.5% from March.Aurum Mining shares were suspended on AIM this morning. The company and its new major shareholders are looking for a deal.Food preservative group Sorbic's profits fell to £0.6m, from £3.3m, in the half year to September. Turnover dipped to £12m from £14.5m.US-focused oil group Resaca has agreed two new credit facilities worth $95m. The group made a net loss of $8.2m in the year to June and underlying profits of $3m, but is bullish going forward. "We plan to use the availability under our new senior credit facility to implement a $10m capital program to significantly increase our near term production and cash flows," it said.Coal and iron ore miner Sable Mining lost $3.7m in the six months to September. Following the fundraising in April 2010 of US$125m, the group has cash balances were $132.2m. "We potentially have a highly active news pipeline in conjunction with our intensive drilling programmes across our portfolio," it said.

More News

25 Feb 2014 11:22

Innovators look to new UK oil regulator to support technology

* Wood Review highlights 6 areas for technology focus * New regulator expected to work with oil start-ups * Enhanced Oil Recovery key to getting final barrels out By Stephen Eisenhammer LONDON, Feb 25 (Reuters) - "Nodding donkeys" floating at sea, water injection, and "out

25 Feb 2014 11:07

Enegi Oil places shares with new investor

Oil and gas group Enegi has placed just under 24.85 shares with a new investor to raise funds for its commitments under the Fyne Oil Field farm-in, as well as those under the Dunmore and Helvick Field farm-in agreements. The 8.07p-a-share placing raised just over £2m after expenses. The shares w

6 Feb 2014 12:51

Enegi Says Momentum Set To 'Gather Pace' In 2014

LONDON (Alliance News) - Enegi Oil PLC Thursday provided an update on its operations in Western Newfoundland and the development of marginal fields in the North Sea, through its joint venture with Advanced Buoy Technology Ltd. The oil and gas company with a portfolio of projects in the UK N

6 Feb 2014 08:32

UK MORNING BRIEFING: Vodafone Gains, AstraZeneca Falls At Open

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

6 Feb 2014 08:31

UK MORNING BRIEFING:

17 Jan 2014 13:22

UK MIDDAY BRIEFING: Royal Dutch Shell Shocks With Profit Warning

LONDON (Alliance News) - Oil giant Royal Dutch Shell shocked the market Friday by warning that its profits will be well below expectations after nearly every part of its business performed below its expectations in the fourth quarter.

The profit warning has sent its

17 Jan 2014 10:55

UK WINNERS & LOSERS: Shell And William Hill Lead FTSE 100 Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.

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FTSE 100 - WINNERS

Aviva, up 1.5%. The insurer has revealed that it has entered into a 50-50

17 Jan 2014 10:48

Enegi Oil Extends Offshore Exploration License EL1116 For 12 Months

LONDON (Alliance News) - Shares in Enegi Oil PLC were trading higher Friday morning after the oil and gas company said that it has extended the initial five year licence period of its offshore exploration license EL1116, in western Newfoundland for a period of 12 months. Back in December th

13 Nov 2013 14:19

Lansdowne, Enegi Welcome ABT Oil & Gas Farm Into Helvick Field

13 Nov 2013 11:52

Enegi Oil And ABTechnology Sign JV Development Deal With Antrim Resources

3 Oct 2013 09:39

Enegi Oil Joint-Venture Partner Enters Agreement For New Platform

30 Sep 2013 10:10

Enegi Oil Prepares To Start Drilling At Black Spruce In Newfoundland

19 Sep 2013 09:19

DIRECTOR DEALINGS: Enegi Oil's Minty Sells 1.6M Indirectly Held Shares

2 Jul 2013 15:05

Antrim says new technology puts small N.Sea oil field back on track

By Sarah Young LONDON, July 2 (Reuters) - Small North Sea explorer Antrim Energy said new technology had allowed it to revive plans to start oil production at a field it previously abandoned as unviable, sending its shares up 45 per cent and raising hopes other such fields could be develope

29 May 2013 10:12

Enegi Oil joins forces with Advanced Buoy Technology

UK North Sea-focused oil and gas company Enegi Oil has entered into a joint venture agreement with Advanced Buoy Technology (ABT). Under the terms of the joint venture, the two companies will work together to secure and develop interest in stranded, offshore oil reserves. ABT's unmanned buoy tech

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Small caps round-up: Empyrean Energy, Enegi Oil, Synchronica

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