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Pin to quick picksLansdowne Oil Share News (LOGP)

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TRADING UPDATES: Getech wins mining contracts; Bluejay starts drilling

Thu, 24th Mar 2022 21:01

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

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Picton Property Income Ltd - London-based commercial property investor - Lets retail unit to unnamed fashion retailer for 10 years. Rent is GBP500,000 per year and 22% ahead of the March 2021 estimated rental value. Lets industrial unit to unnamed logistics operator, also for ten years. Rent is GBP700,000 per year and 11% ahead of March 2021 ERV. Company also lets an office floor to an unnamed engineering consultancy for 10 years. Rent is GBP200,000 per year and 28% of March 2021 ERV.

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Clean Invest Africa PLC - London-based renewable energy investor - Says investee CoalTech has advanced significantly in its project development in India, Columbia and South Africa and has developed prospects in Indonesia, Greece and Australia. These project include a Coal fines pelletizing project, a thermal coal project and an Illmenite project.

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Bluejay Mining PLC - mineral exploration and development company in Greenland and Finland - Announces drilling programme at the Disko-Nuussuaq project in Greenland as part of a joint venture with KoBold Metals. The work programme is expected to commence in early June with mobilisation and build-up of the exploration camp from mid-May. Bluejay will fulfill the role of Field Operations Manager during the 2022 campaign and will collect an expenditure-based fee for this role. The objective is to target massive nickel, copper, cobalt and platinum group metals bearing sulphides.

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HydrogenOne Capital Growth PLC - hydrogen investment fund managed by HydrogenOne Capital LLP - Invests GBP7 million in aerospace company Cranfield Aerospace Solutions Ltd as part of a GBP10 million funding round along with Safran Corporate Ventures. With this purchase of a minority equity stake, each company has the right to a board seat at Cranfield.

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Kefi Gold and Copper PLC - gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Confirms confirms a 1.3 kilometre mineralised horizon at Al Godeyer in Saudi Arabia following exploration. Company says copper-gold mineralisation is similar to that of the Hawiah volcanic massive sulphide deposit. Rock chips taken during the mapping phase confirm mineralisation with grades of up to 7.2 grams per tonne of gold and 1.8% copper. Commences reverse circulation drilling ahead of schedule due to "encouraging" results.

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Braemar Shipping Services PLC - shipbroker and shipping investment advice company - Says it is "delighted" with its performance in the year ended February 28 and looks to the future with confidence. Company expects underlying operating profit of GBP9.8 million, slightly above market expectations. Expects to recommend a final dividend of 4 pence, making a total of 6p for the year, up from 5p the previous financial year. Adds that the Russia-Ukraine conflict is not expected to have any effect on future trading.

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Poolbeg Pharma PLC - London-based pharmaceutical company - Signs a deal with CytoReason, a artificial intelligence company developing computational disease models for drug discovery and development, to provide AI analysis of Poolbeg's influenza disease progression data. The project is due to commence immediately with a full work programme already agreed, and its first results are expected in the first half of 2023.

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Getech Group PLC - London-based net zero technology provider and energy asset developer - Wins new contracts with "leading mining companies" to explore for sedimentary copper, iron oxide-copper-gold deposits, and other minerals which it says are critical to the delivery of the energy transition. The total initial value is GBP110,000. The contracts include: a sedimentary copper project in Australia and two multi-mineral projects, one in South America and the other in North America.

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Vaalco Energy Inc - Houston, Texas-based hydrocarbon exploration company - Signs contract to with DOF Subsea to perform subsea construction and installation services which will support the subsea reconfiguration associated with the replacement of the existing floating production, storage & offloading unit with a floating storage and offloading vessel at the Etame field, offshore Gabon. Due to commence in July and be completed by September. CEO George Maxwell says: "This project will significantly improve our margins, enhance our cash flow generation and sustain our operational excellence and robust financial performance at Etame through 2030."

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Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Says Eason Chen is stepping down as chief financial officer with immediate effect. He will continue to be available to the company through the CFO transition, at least until the end of July.

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Lansdowne Oil & Gas PLC - Dublin-based oil and gas company with projects focused in the north Celtic Sea - Raises GBP300,000 through a placing of 60 million shares at GBP0.05 each. The proceeds will be used to meet the company's expected share of Barryroe costs and to fund the its ongoing working capital requirements for the next 6 months.

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S-Ventures PLC - investment firm focused on health and wellness sectors - Acquires 100% of Market Rocket Ltd, a digital agency. The consideration is GBP2.3 million. GBP1.6 million is payable on completion, comprising of GBP100,000 in cash and 2.1 million shares in S-Ventures issued at a price of 70p per share compared to the closing mid-market price of of 48p on Wednesday. An additional GBP400,000 is payable as deferred consideration over three years. In addition, the vendors will be issued with up to 357,143 shares conditional on performance targets. The acquisition is expected to complete by April 30.

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Great Western Mining Corp PLC - London-based mineral exploration and development company with operations in the US - Completes geophysical surveys across its portfolio in Nevada, US. At Eastside Mine, induced polarisation identifies two main graben structures associated with surface veining, alteration and copper shows. Corridors of low magnetic response shown to parallel the main vein orientation and extend beyond the known limits of historic mining at Mineral Jackpot.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
8 Mar 2024 14:42

IN BRIEF: Lansdowne Oil & Gas shares up on ECT claim update

Lansdowne Oil & Gas - Exploration company with licences in the Irish offshore shelf areas - Says that shareholder will receive an economic benefit relating to their shareholder if the company is successful in its ongoing claim against the Irish government, following its refusal to grant the company a lease undertaking for the Barryoe gas field. In May, the company was informed by the Irish environmental department that the Barryroe lease undertaking would not be granted, after the company had invested USD20 million in the project. Lansdowne is pursuing a claim against the country through the Energy Charter Treaty, an international agreement permitting companies to sue national governments. Lansdowne says that the benefit will be taken from the net proceeds of the ECT claim, after legal and ancillary cost deductions, but notes that there is no guarantee of success.

Read more
26 Feb 2024 14:25

IN BRIEF: Lansdowne appoints lawyers in case against Irish government

Lansdowne Oil & Gas - Oil and gas company focused on licences in the North Celtic Sea - Appoints Mantle Law to lead the company's litigation against the Irish government following its refusal to award Lansdowne a lease undertaking for the Barryoe gas field. In May, the company was informed by the Irish Department of the Environment, Climate & Communications that the Barryroe lease undertaking would not be granted. Lansdowne had invested USD20 million in the project, and is now pursuing a claim against the country through the Energy Charter Treaty, an international agreement permitting companies to sue national governments. Mantle Law has offices in London and Abu Dhabi, and its team consists of "the best dispute and arbitration lawyers in the construction, infrastructure and energy sectors", according to Lansdowne.

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8 Jan 2024 13:54

IN BRIEF: Lansdowne Oil & Gas says claim against Ireland continues

Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Says focus is on progressing its Energy Charter Treaty claim against Ireland following the refusal to award a lease undertaking for the Barryroe oil and gas field, as it believes that an alternative pathway, allowing the development of Barryroe, would deliver greater energy security at lower cost and with lower associated emissions.

Read more
22 Dec 2023 15:50

UK shareholder meetings calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
Tremor International LtdAGM
Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
Friday 29 December 
Apollon Formularies PLCAGM
Eco Atlantic Oil & Gas LtdAGM
Genedrive PLCAGM
Goldplat PLCAGM
Lansdowne Oil & Gas PLCGM re capital raise
Marula Mining PLCAGM
Microsaic Systems PLCGM re fundraise
Online Blockchain PLCAGM
Secure Property Development & Investment PLCAGM
SkinBioTherapeutics PLCAGM
Tetragon Financial Group LtdAGM
Woodbois LtdAGM
Zambeef Products PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
7 Dec 2023 14:26

IN BRIEF: Lansdowne Oil & Gas launches new share placing

Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Places 40.0 million firm shares and 160.0 million conditional shares at 0.1 pence each, to raise GBP200,000. Placing of conditional shares depends on passing "certain resolutions" at upcoming general meeting on December 29. Company will use proceeds to meet expected working capital requirements through to the end of June 2024. It was designated an AIM Rule 15 cash shell on September 20, and must achieve a reverse takeover by March 20.

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28 Sep 2023 14:24

EARNINGS: Dar Global profit multiplies, Hemogenyx loss widens

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

Read more
20 Sep 2023 14:37

TRADING UPDATES: Capital inks contract; Lansdowne becomes cash shell

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

Read more
19 Sep 2023 17:26

TRADING UPDATES: Tekcapital's portfolio company seals joint venture

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

Read more
18 Aug 2023 15:27

Lansdowne Oil & Gas risks becoming cash shell by mid-September

(Alliance News) - Lansdowne Oil & Gas PLC on Friday provided an update on the arbitration process regarding the Barryroe lease undertaking application, saying if a decision is not awarded soon it could become a cash shell.

Read more
2 Aug 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 3 August 
Caffyns PLCAGM
Distil PLCAGM
Edenville Energy PLCAGM
Future PLCGM re authorising the company to buy back up to 10% of shares
Investec PLC and LtdAGM
Landore Resources LtdEGM re dual-listing in Canada
Ukrproduct Group LtdAGM
Friday 4 August 
East Imperial PLCGM re issue of 2025 convertible loan notes
Myanmar Investments International LtdAGM
Network International Holdings PLCGM and court meeting re takeover by Brookfield Asset Management Ltd
Telecom Plus PLCAGM
Monday 7 August 
Milton Capital PLCAGM
Revolution Beauty Group PLCGM re current directors removal
Tuesday 8 August 
APQ Global LtdAGM
Custodian Property Income REIT PLCAGM
Wednesday 9 August 
Braemar PLCAGM
CML Microsystems PLCAGM
D4t4 Solutions PLCAGM
daVictus PLCAGM
Foresight Group Holdings LtdAGM
Lansdowne Oil & Gas PLCAGM
Mountview Estates PLCAGM
Scirocco Energy PLCAGM
Tatton Asset Management PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Jul 2023 13:32

Lansdowne Oil & Gas raises GBP200,000 for short term funding

(Alliance News) - Lansdowne Oil & Gas PLC on Thursday said it has raised GBP200,000 through a placing of 200.0 million new shares at 0.1 pence each.

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30 Jun 2023 15:59

TRADING UPDATES: BWP confident in Bridgewater; MediaZest in loss swing

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

Read more
28 Jun 2023 18:37

TRADING UPDATES: Lansdowne Oil & Gas seeks talks over Barryroe dispute

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

Read more
19 Jun 2023 14:21

Barryroe Offshore Energy plans to wind down business; shares suspended

(Alliance News) - Barryroe Offshore Energy PLC shares were suspended on Monday, after it said it intends to wind down the company through a creditors voluntary liquidation.

Read more
8 Jun 2023 19:12

REPEAT: Barryroe Offshore warns three weeks of working capital left

(Alliance News) - Barryroe Offshore Energy PLC on Thursday said it has EUR176,000 left in its coffers, which amounts to about three weeks of working capital.

Read more

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