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Share Price: 0.0215

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AIM WINNERS & LOSERS: Mosman wins sacred site certificate at Amadeus

Mon, 20th Feb 2023 10:34

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Proteome Sciences PLC, up 32% at 4.94 pence, 12-month range 3.2p-5.35p. The drug development services provider says revenue in 2022 is estimated to have grown by 53% to GBP7.8 million from GBP5.1 million in 2021, with services seeing 42% growth. Sales, royalties and milestones attributable to TMT/TMTpro reagents are estimated to have risen 56%. Earnings before interest, tax, depreciation and amortisation are estimated at GBP2.0 million, multiplying from GBP600,000 in 2021. Looking ahead to 2023, Proteome expects further growth in reagents and strong progress in services, with over GBP1.1 million in purchase orders being carried over into the new year.

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Mosman Oil & Gas Ltd, up 11% at 0.06p, 12-month range 0.05p-0.17p. The oil explorer, developer and producer receives sacred site clearance certificate for the EP145 permit, in the highly prospective area of Amadeus Basin in central Australia. The certificate is provided from the Central Land Council. Chair John Barr says the SSCC is a "major step forward" for securing several other approvals for its seismic programme to explore the permit.

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AIM - LOSERS

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Verditek PLC, down 26% at 0.54p, 12-month change 0.5p-3.0p. The solar panels producer says it has received a notice for its distribution agreement with partner Bradclad Group to be terminated. In October, the company had said it could no longer be considered the "exclusive supplier" to a joint-venture between Bradclad and Norwegian PVC single-ply roof membrane manufacturer Protan. It said at the time it had been made aware that Bradclad was working with another manufacturer. Verditek adds on Monday: "The company has been taking steps for the recovery of sums due under the agreement."

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TekCapital PLC, down 17% at 16.8p, 12-month range 14.75p-37.8p. The intellectual property investors falls on discounted placing of 14.1 million shares at 16p each. The issue price represents a 21% discount to Friday's closing price of 20.2p. TekCapital will use the GBP2.3 million in proceeds to building inventory of MicroSalt Ltd, buy autonomous shuttles for Guident's remote control monitoring centre clients, and as working capital.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

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17 Oct 2022 11:25

AIM WINNERS & LOSERS: CentralNic to beat view; MJ Hudson to fall short

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

10 Oct 2022 21:57

TRADING UPDATES: Umuthi Healthcare loss widens; Ramsdens profit surges

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

3 Oct 2022 14:27

IN BRIEF: Mosman shares up as spudding of Texas well begins

Mosman Oil & Gas Ltd - oil projects in US and Australia - Begins drilling at Cinnabar-1 well in Tyler County, Texas. Says the Cinnabar well is planned for a vertical depth of 9,900 feet. The primary targets are the Wilcox sands, which produce oil and gas in nearby wells, it notes. Expects the drilling to take around two weeks. Mosman holds a 75% working interest in the well and is the operator.

19 Sep 2022 14:47

IN BRIEF: Mosman says spudding of Texas well delayed to end of month

Mosman Oil & Gas Ltd - oil projects in US and Australia - Reports further delay to spudding of Cinnabar-1 well in Tyler County, Texas by the contracted drilling company. Says all site preparation is complete, and drilling will start once the rig arrives, now expected in the last week of September. Mosman holds a 75% working interest in the well and is the operator.

14 Sep 2022 14:29

IN BRIEF: Mosman expects Cinnabar-1 drilling to begin in seven days

Mosman Oil and Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Mosman expects drilling to begin at the Cinnabar-1 well in Texas in seven days. This remains subject to rig availability. Mosman owns a 75% working interest in the well.

30 Aug 2022 20:17

TRADING UPDATES: DP Poland finds new CFO; Spectral MD wins new money

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

8 Aug 2022 19:19

IN BRIEF: Mosman reports rise in full-year production

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Says net production for financial year ended June 30 37,915 barrels of oil equivalent, a 66% year-on-year increase. Production for June quarter was 8,815 net, up 73% on a year before. "Workovers completed after 30 June 2022 have already increased daily production from the June quarter, with the Stanley-4 well that was producing gas now producing oil (rates yet to stabilise, have been as high as 64 bopd gross)," it says.

27 Jul 2022 20:32

TRADING UPDATES: Skillcast expects revenue rise; Cap-XX solves dispute

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

27 Jun 2022 12:52

IN BRIEF: Mosman Oil & Gas sees higher quarterly oil and gas prices

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Gross production in the three months ending March 31 totals 22,409 barrels of oil equivalent, with 11,756boe attributable to Mosman. Production for the two months ending May 31 stands at 15,682boe, with 6,276boe to Mosman. Company notes oil and gas prices have risen significantly over the quarter. Says it will receive the benefit of current prices as it continues to remain unhedged.

1 Jun 2022 19:41

TRADING UPDATES: Indivior, Diurnal start trials; Alien Metals tests

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

10 May 2022 12:09

LONDON MARKET MIDDAY: Europe stocks rise in "unexpected" rally

(Alliance News) - Investors around Europe were showing strong resolve on Tuesday, as markets avoided the volatility seen in the US on Monday.

10 May 2022 10:45

Mosman shares fall 28% on discounted fundraise for Cinnabar drilling

(Alliance News) - Shares in Mosman Oil & Gas Ltd fell on Tuesday after a GBP1.1 million share placing to fund the drilling of the first re-development well at the Challenger project in Texas.

20 Apr 2022 13:28

IN BRIEF: Mosman Oil & Gas rises on third quarter production surge

Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Reports its production in its third quarter ending March 31 increased 65% against the previous year. The company adds it has also seen "significant" further development potential in its existing production leases.

20 Apr 2022 10:51

AIM WINNERS & LOSERS: Naked Wines plans US push; Mosman output rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

12 Apr 2022 21:28

TRADING UPDATES: Hornby sales rise; Victoria weathers inflation

(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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AIM WINNERS & LOSERS: Mosman wins sacred site certificate at Amadeus

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