The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJKX.L Share News (JKX)

  • There is currently no data for JKX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Zoltav warns of delisting; Quadrise trims loss

Mon, 04th Oct 2021 14:52

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

----------

Zoltav Resources Inc - Russia-focused oil and gas explorer and producer - Subsidiary Diall Alliance enters into two non-revolving credit facilities with PJSC Sberbank of Russia. The first loan has a maximum facility of RUB7.7 billion, or around USD105.6 million, and will be used to finance investment costs associated with the commercialisation of the eastern fields of its Bortovoy Licence. The second is for VAT on capital expenditure and will have a maximum facility of RUB700 billion. Financing has conditions restricting intra group transfers and cash outflows from Zoltav's main operating subsidiary, Diall. As such, says it needs to cut costs and it may be "challenging" to maintain its licence obligations with regards to the Koltogor Licences, its offshore corporate structure, and the listing of shares on AIM.

"The board and management will conduct a thorough and comprehensive analysis of alternative options...However, given the company has for some time been unable to attract either public or bank finance, it is likely that the company will be unable to maintain the listing of its ordinary shares on AIM beyond the next few months," it says.

----------

Quadrise Fuels International PLC - London-based residual oil technology licensor - For financial year ended June 30, records revenue of GBP17,000 versus none a year before, while pretax loss slims to GBP4.4 million from GBP5.0 million. Says that it has the resources in place to reach forecasted sustainable commercial revenue in the first quarter of 2023, with cash at year end almost tripling to GBP7.0 million, from GBP2.4 million a year before. Looking ahead, notes public attitude towards renewables and low emission fuel options is increasing the market opportunity in various sectors, with Quadrise's Research & Development team focused on finding new net zero carbon future fuel solutions.

----------

JKX Oil & Gas PLC - hydrocarbon exploration and production company - To sell 100% stake in Russian operating subsidiary Yuzhgasenergie. The decision to seek buyers for its last remaining non-core asset is driven by a greater focus on the "most prospective opportunities" within its portfolio. Proceeds from the sale will be used to finance on-going activities and possible further acquisitions in Ukraine, where it sees the most prospective opportunities, JKX states.

----------

Castings PLC - Brownhills, England-based iron casting and machining company - Notes underlying demand for heavy trucks, which makes up 70% of revenue, remains very strong. However, warns that the conversion rate of forward schedules to actual sales is significantly below what it would normally expect, mainly due to raw material shortages preventing the building of trucks at the rate required to satisfy high demand. Due to production difficulties, revenue and profit have been negatively impacted in the second quarter of the financial year. It is not possible to forecast when the supply chain restrictions will ease, Castings says. Despite difficulties, Castings reiterates that balance sheet is strong and management expects to at least maintain interim and final dividends.

----------

Marlowe PLC - London-based safety services and software provider - Buys e-learning and compliance software firm VinciWorks for initial cash payment of GBP39 million and a contingent consideration of around GBP15 million. Also announces purchase of Sheffield-based water treatment and air hygiene business Hydro-X for GBP30 million, payable on completion. The acquisition of Hydro-X is expected to complete by October 21.

----------

React Group PLC - South Derbyshire, England-based cleaning, hygiene and decontamination firm - Fidelis unit wins GBP550,000 3-year cleaning and hygiene services contract within the education sector. React also wins a number of smaller to medium-sized contracts in past few weeks, five of these being in contracted maintenance cleaning and hygiene services, all on three-year contract terms. Chief Executive Shaun Doak comments: "These recent contract awards along with a steadily growing pipeline of opportunities point towards a return to business-as-usual for a number of our customers."

----------

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
6 Jun 2019 16:30

Regal Petroleum Promotes Non-Exec Director Burrows To Finance Director

LONDON (Alliance News) - Regal Petroleum PLC on Thursday announced a two senior management changes, including the decision to move Non-Executive Director Bruce Burrows to the executive role of in

Read more
30 May 2019 12:10

JKX Oil & Gas To Appoint New Non-Executive Directors As Two Leave

LONDON (Alliance News) - JKX Oil & Gas PLC on Thursday said it will appoint consultants to assist with the search for new non-executive independent directors, as two current ones are due to at

Read more
23 May 2019 18:20

JKX Oil & Gas AGM Outcome Triggers Mass Exodus Of Directors

LONDON (Alliance News) - JKX Oil & Gas on Thursday saw a mass exodus of directors following its annual general meeting.In the meeting, shareholders voted against the reappointment of of

Read more
16 May 2019 17:55

UK Shareholder Meetings Calendar - Next 7 Days

Friday 17 MayRestaurant GroupBank of Georgia GroupCentaur MediaCairn Continental 20

Read more
9 May 2019 13:17

JKX Oil & Gas Plans To Drill Second Sidetrack On Russian Well In June

LONDON (Alliance News) -JKX Oil & Gas PLC said Thursday it will drill a second sidetrack on well No 5 in Russia due to operational risks involved in fishing in the first sidetrack an oil well,

Read more
9 May 2019 12:15

JKX begins drilling new sidetrack in southern Russia

(Sharecast News) - JKX Oil & Gas has announced plans to suspend clearing out a well in Russia in favour of drilling a fresh sidetrack.

Read more
17 Apr 2019 12:15

JKX Oil & Gas Production Rises In First Quarter As IG103 Bears Fruit

LONDON (Alliance News) - JKX Oil & Gas PLC said Wednesday it saw a double-digit growth in average first quarter production as Ukrainian assets continue to perform ahead of company's total

Read more
29 Mar 2019 10:20

Higher Ukraine Prices Help Push JKX Oil & Gas Into Annual Profit

LONDON (Alliance News) - JKX Oil & Gas PLC on Friday said higher prices in Ukraine have helped drive strong revenue growth, while it has also swung to a profit.JKX, which focuses on and

Read more
7 Mar 2019 12:28

JKX Oil & Gas Suspends Well 5 Workover On Junk Left In Well

LONDON (Alliance News) - JKX Oil & Gas PLC said on Thursday it has completed the drilling of the well 5 sidetrack in Russia to a total depth of 5,204 metres.Gas shows during drilling of

Read more
29 Jan 2019 10:46

JKX Oil & Gas Shares Soar As Ukraine Production Exceeds Expectations

LONDON (Alliance News) - Shares in JKX Oil & Gas PLC jumped on Tuesday as the company reported production in Ukraine "significantly" above expectations.Since the start of the

Read more
10 Jan 2019 11:36

JKX Oil & Gas 2018 Production Rises Despite Slowdown In Final Quarter

LONDON (Alliance News) - JKX Oil & Gas PLC on Thursday said its average daily production increased in 2018, despite a 5.7% decrease in output in the fourth quarter.The hydrocarbon and a

Read more
29 Nov 2018 13:50

JKX Oil Ukraine Business Unaffected By Martial Law Imposition

LONDON (Alliance News) - JKX Oil & Gas PLC said Thursday that its business in the Ukraine remains unaffected by the imposition of Martial Law.The Ukrainian government introduced Martial

Read more
10 Oct 2018 12:51

DIRECTOR DEALINGS: JKX Oil & Gas Chairman Buys GBP43,000 In Shares

LONDON (Alliance News) - JKX Oil & Gas PLC said Wednesday that Chairman Hans Jochum Horn acquired 100,000 shares in the company.Horn bought the shares at 43.0 pence each in a deal worth

Read more
5 Oct 2018 10:34

JKX Oil & Gas Quarterly Production Rises On Improvements In Ukraine

LONDON (Alliance News) - JKX Oil & Gas PLC on Friday said total oil & gas production rose slightly in the first nine months of its current financial year, helped by substantial in Ukraine

Read more
2 Oct 2018 14:53

JKX Oil & Gas Says Date Set For USD3 Million Poltava Petroleum Hearing

LONDON (Alliance News) - JKX Oil & Gas PLC on Tuesday said a hearing has been set in relation to one of its 2015 Poltava Petroleum Co rental fee claims.The claim relates to additional a

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.