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Small caps round-up: 600 Group, ILX, Renew...

Wed, 02nd Feb 2011 10:28

Engineering firm 600 Group says the improvement in its global markets has continued, with order intake since October 25% above the same period in 2009. The confirmed order book was 40% higher."The recovery of our machine tool and precision engineered component markets in North America has continued, with sales into the European market developing more slowly," it said.E-learning software and business training group ILX has won two "significant new orders" valued at around £100,000. The first is a contract extension with FTSE 250-listed business and technology service company Logica, and the second is also a renewed contract with information provider Thomson Reuters.Shares in engineering and construction services firm Renew rose 15% after it reached an agreement to acquire rail and energy engineer Amco for £19.8m, from a new £15m debt facility and existing cash resources."The acquisition of Amco allows Renew to increase and broaden the scale of its specialist engineering operations, as well as adding to the range of services we can provide to our customers," said chief executive Brian May. More than 50% of the group's revenue will now be derived from specialist engineering.Distribution group Wincanton says results for the year ending 31 March are expected to be in line with expectations, but highlights debt reduction as its priority going forward to address challenging market conditions. "Actions to preserve cash and to curtail losses in underperforming businesses have commenced," the group says.While its Container Logistics, Defence and Construction divisions have performed ahead of expectations, Wincanton notes that as a result of the opening of a new site in the year, the Foodservice business - as previously indicated - was loss making in the period.Jonathan Carroll, chief executive of UK and Canadian tour operator Travelzest, said he was "very delighted" as the company posted a rise in revenues for the year to 31 October.Revenues rose to £43.8m from £38.3m, though pre-tax losses ballooned to £9.9m from £42,000 on a goodwill impairment charge.

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23 Apr 2014 12:16

Matra Petroleum To Cancel Trading On AIM

LONDON (Alliance News) - Matra Petroleum PLC Wednesday said that the resolution to cancel its admission of shares on AIM has been approved, and the cancellation of trading will take effect from May 1. The US focused oil and gas investment company had been suspended from trading for five mon

14 Apr 2014 10:56

Matra Petroleum Gets Additional USD10 Million For Arkhangelovskoe Licence

LONDON (Alliance News) - Matra Petroleum PLC Monday said that it has received an additional USD10 million payment from the acquirer of the Arkhangelovskoe Licence, and had therefore dropped its request for the guarantor to make the payment. In a statement on April 3, the company said that i

7 Apr 2014 14:02

Matra Petroleum Swings To Pretax Profit On Disposal Gain

LONDON (Alliance News) - Matra Petroleum PLC Monday said it swung to a pretax profit in 2013 as a result of cash from its Sokolovskoe oil field disposal in Russia during the period. The US-focused oil and gas investment company, which is currently proposing to cancel the admission of the co

3 Apr 2014 10:54

Matra To Seek Outstanding USD10 Million Payment For Arkhangelovskoe

LONDON (Alliance News) - Matra Petroleum PLC said Thursday it is preparing a formal request to JSC joint stock commercial bank Jugra in Megion City in Russia for the USD10 million that remains due for the Arkhangelovskoe Licence. Jugra is the guarantor for the undisclosed party that acquire

1 Apr 2014 11:16

Matra Petroleum Proposes Admission Cancellation To Complete Reverse Takeover Deal

LONDON (Alliance News) - Matra Petroleum PLC Tuesday said it is proposing to cancel the admission of the company's shares trading on AIM in order to complete the reverse takeover of PG-M International LLC. The US focused oil and gas investment company had been suspended from trading for fiv

10 Feb 2014 11:33

Matra Petroleum Announces Results Of Independent Reserve Audit

LONDON (Alliance News) - Matra Petroleum PLC Monday announced the results of an independent reserve audit conducted by DeGolyer and MacNaughton. The US focused oil and gas investment company said the study tested the company's leasehold interests, including those in the Texas Panhandle regi

22 Jan 2014 10:59

Matra Petroleum Completes Phase 2 Investment In Texas

LONDON (Alliance News) - Matra Petroleum PLC Wednesday said it has completed phase two of its investment in the Texas Panhandle region of the US. The oil and gas investing company said it has completed phase two of the three stage acquisition of certain oil and gas leaseholds in Texas throu

31 Oct 2013 12:23

Matra Petroleum Suspended As It Makes Its First US Investments

14 Oct 2013 13:48

Urals Energy bounces as rival takeover bid emerges

Russian oil explorer Urals Energy has received a cash bid from an unnamed investor that could thwart the takeover aspirations of a rival pair of shareholders. AIM-listed Urals was requisitioned 10 days ago by shareholders Alpcot Capital Management and Fire East Corporation, who together hold just

30 Sep 2013 13:15

Matra Petroleum Shifts Investment Focuses To US

11 Jun 2013 09:50

Matra shares soar on Arkhangelovskoe disposal

AIM-listed oil and gas eploration company Matra Petroleum has signed an agreement to dispose of its 100 per cent interest in the Arkhangelovskoe Licence, which includes the Sokolovskoe Field, to a third party. The sales consists of an initial payment of $25m with a further payment of $10m payable w

14 May 2013 09:36

Matra Petroleum updates resource estimate for Sokolovskye field

AIM-listed oil and gas exploration and production company Matra Petroleum has provided an update on the level of resources estimated to be present at its 100 per cent owned Sokolovskye oil field in Orenburg, Russia. The company reported that 3D seismic data interpretation had identified that the Ap

12 Apr 2013 09:32

Matra Exploration appoints new Chairman

Matra Exploration announced the appointment on Friday of Bill Guest as Chairman. Guest, who has 37 years of experience in oil and gas including work for Shell International and Monument Oil, succeeds the late Sir Michael Jenkins. He has been a Non-Executive Director of Matra since 2010 and is als

19 Mar 2013 07:46

Matra Petroleum completes seismic survey on Sokolovskoe oil field

Matra Petroleum announced on Tuesday it has completed the seismic survey on its Sokolovskoe oil field in Orenburg, Russia. Field works were carried out on the prospect, including a survey of 100 kilometres of 2D seismic and 60 square kilometres of 3D seismic. The company said seismic results reve

5 Jul 2012 10:03

Resource round-up: Sirius Minerals, Matra, AFC Energy

Global potash firm Sirius Minerals reported promising results at its project in York. It said a third borehole at the site had revealed lateral consistency of the deposit, which the firm said was an important step to achieve sufficient defined resource to underpin financing of the project. AFC Ener

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