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Pin to quick picksEuropa Oil & Gas Share News (EOG)

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TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

Tue, 17th Jan 2023 14:54

(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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Alliance Pharma PLC - Chippenham, England-based distributor of consumer healthcare brands and prescription medicines - For 2022, notes see-through revenue GBP172.0 million, in line with its trading update from November and up from GBP169.6 million in 2021. Consumer healthcare revenue increases to GBP125.2 million in 2022, up from GBP121.8 million. Anticipates 2022 underlying pretax profit "slightly above" GBP30 million, compared to GBP42.2 million in 2021. Chief Financial Officer Andrew Franklin says: "We are starting to see the benefits of our investment in innovation and development. Kelocote Kids Gel had a successful launch in China in 2022 and will be introduced in the UK and Germany this year, whilst Canker-X, part of the Aloclair brand franchise, was launched in the US this month and is already being sold through Walgreens [Boots Alliance Inc] and RiteAid [Corp]."

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Cooks Coffee Co Ltd - New Zealand-based coffee chain - Records sales growth of 41% in UK during 2022 versus 2021, while sales in Ireland jump 91%. Sites in UK and Ireland as at December 31, 2022 increase to 85, up slightly from 82 a year prior. The company will release its results for the financial year 2023 to March 31 by the end of June. Executive Chair Keith Jackson says: "These cafe sales results highlight the resurgence and growth of the business and in this instance surpass those published by other industry leaders."

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Corero Network Security PLC - Amersham, Buckinghamshire-based distributed denial of service cyber defence solutions - Order intake in 2022 rises by 13% to USD23.9 million from USD21.2 million in 2021. Annualised recurring revenue grows 13% to USD14.4 million from USD12.8 million. Expects adjusted earnings before interest, tax, depreciation and amortisation to fall to a range of USD1.4 million to USD1.8 million, from USD3.9 million a year prior. Cash as at December 31 falls by 50% to USD5.6 million from USD11.2 million a year ago. Looking ahead, Chief Executive Lionel Chmilewsky says: "Encouragingly, we start 2023 with a solid pipeline of new business opportunities. Our focus for 2023 is to leverage our investment in sales and marketing and capitalise on our market-leading SmartWall solutions and SecureWatch services to drive revenue growth."

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Egdon Resources PLC - Gloucestershire, England-based energy exploration and production company - Announces Wressle cumulative oil production more than 341,100 barrels from August 2022 to January 12. Reports a production rate of approximately 825 to 850 barrels of oil per day at Wressle, up from 700 to 725 bopd reported in November. Says August to December revenue was GBP3.1 million, up from GBP2.1 million a year prior. Three microturbines have been delivered to the Wressle site, with installation and commissioning ongoing. Further, notes that 3D seismic reprocessing has been completed at Wressle site, as planning and permitting for Penistone Flags development has begun. Plans drilling of Penistone Flags for the second half of 2023. Europa Oil & Gas Holdings PLC, a UK and Ireland focused oil and gas exploration, development and production, and Union Jack Oil PLC, a Bath, England-based oil and gas company, note Egdon's announcement.

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Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Reports lower oil production in 2022 as brent oil price jumps. 2022 net production falls to 30,150 barrels of oil per day, from 31,710 in 2021. In 2022, Genel's brent oil price surges 42% to USD101 per barrel from USD71 in 2021. 2022 cash proceeds received from the Kurdistan regional government rise by 68% to USD473 million, up from USD281 million in 2021. Free cash flow jumps to USD233 million from USD86 million. Expects 2023 production of 27,000 to 29,000 bopd, down from 30,150 in 2022. Expects an expenditure of up to USD25 million in Somaliland in 2023. The company anticipates to release its 2022 results on March 22.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 Sep 2022 12:25

Union Jack hails Wressle's "upside potential" after reserves report

(Alliance News) - Union Jack Oil PLC on Tuesday took confidence from an independent reserves report for its Wressle oilfield asset.

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9 Sep 2022 11:27

IN BRIEF: Union Jack Oil shares up as loan facility signed with Europa

Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Signs a loan facility with Europa Oil & Gas PLC for GBP1.0 million. Says the loan facility offers an "attractive commercial return to Union Jack on cash funds". Under the pact, the loan has an 18-month term, secured against an unencumbered 10% interest in the Wressle field, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% interest in the development, whilst joint venture partner Europa holds a 30% stake.

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26 Aug 2022 09:27

Union Jack's JV Wressle reaches "landmark" USD9 million revenue

(Alliance News) - Union Jack Oil PLC on Friday said its Wressle hydrocarbon development in North Lincolnshire has generated a "landmark" USD9.0 million revenue from production since August last year.

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1 Aug 2022 13:52

IN BRIEF: i3 Energy completes Serenity farm-out deal with Europa

i3 Energy PLC - oil and gas producer in the UK and Canada - Completes farm-out agreement for 25% working interest in Block 13/23c North licence, which contains the Serenity discovery located in the North Sea. Europa Oil & Gas Holdings PLC acquires 25% working interest. Europa will fund about 46% of the cost of the upcoming Serenity appraisal well to a gross capped well cost of GBP15 million. i3 says after the farm-out, the company will retain a 75% working interest in Block 13/23c North and a 100% working interest in Block 13/23c South, which contains the Minos High prospect and Liberator discovery.

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1 Aug 2022 11:21

i3 Energy farms out 25pc block interest to Europa Oil

(Sharecast News) - UK and Canada-focussed oil and gas company i3 Energy announced the completion of the farmout of a 25% working interest in block 13/23c North on licence P2358 on Monday, which contains the Serenity discovery, to Europa Oil and Gas.

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29 Jul 2022 21:20

TRADING UPDATES: No Playtech Caliplay SPAC deal; SigmaRoc sales up

(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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25 Jul 2022 19:40

TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

(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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20 Jun 2022 11:13

IN BRIEF: Union Jack Oil earns USD7 million from Wressle development

Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Reports it has made USD7.0 million in revenue from Wressle hydrocarbon development in North Lincolnshire from production since August 2021. This represents increase of USD2 million from USD5 million total revenue reported on April 25. "Current daily production figures continue to be an average constrained flow-rate of 750 barrels of oil per day, well in-excess of the forecast of 500 barrels of oil per day from the Ashover Grit reservoir," it says.

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30 May 2022 16:16

IN BRIEF: Europa Oil & Gas and i3 sign services contract for Serenity

Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - and i3 Energy PLC - oil and gas producer in the UK and Canada - i3 enters three-year contract with Petrofac Facilities Management Ltd for the subsidiary of Petrofac Ltd to provide well engineering, operations management and operator services for drilling of Serenity appraisal well. Serenity is located on its UK North Sea license P2358 block 13/23c, for which i3 is the operator and Europa holds a 25% working interest. i3 says well slot is secured for commencement date between August 15 and September 15 this year.

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30 May 2022 14:00

IN BRIEF: Egdon, Europa and Union Jack get okay for Wressle field plan

Egdon Resources PLC - operator of Wressle oil field in north Lincolnshire, England - North Sea Transition Authority approves field development plan for Wressle. The UK regulator also approves the licenses, PEDL180 and PEDL182, to enter production through 2039.

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28 Apr 2022 15:54

EXECUTIVE CHANGES: SThree confirms German region chief Lehne as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

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13 Apr 2022 19:46

TRADING UPDATES: McKay backs Workspace offer; IOG fixes Blythe fault

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

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13 Apr 2022 13:45

Europa Oil reports strongest first half yet

(Sharecast News) - UK, Morocco and Ireland-focussed Europa Oil & Gas reported its strongest interim financial performance since the first half of 2014 on Wednesday, with "significant" revenue and profit as a result of asset performance and a strengthening oil price.

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25 Mar 2022 18:51

TRADING UPDATES: Europa eyes fundraise; Eastinco extends long stop

(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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