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Pin to quick picksOracle Power Share News (ORCP)

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TRADING UPDATES: Alternative Income profit up; BiVictrix loss widens

Mon, 07th Mar 2022 19:26

(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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Alternative Income REIT PLC - London-based real estate investment company - As at December 31, net asset value per share rises 6.7% year-on-year to 90.38 pence from 84.68p, despite dip in property portfolio value of GBP107.7 million across 18 properties from GBP108.5 million across 19. For the six month period, pretax profit more than doubles to GBP6.2 million from GBP3.0 million, while net rental income edged upwards to GBP3.7 million from GBP3.5 million. Increases dividend per share by 16% to 2.60 pence from 2.25p a year prior.

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Downing Renewables & Infrastructure Trust PLC - investor in solar parks, wind farms and hydroelectric plants - As at December 31, net asset value per share at 103.5 pence, up from 98.0p at October 8, 2020, which is the company's incorporation. Portfolio generation stands at 195 gigawatt-hours, 4.7% above expectations, from a portfolio made up of 3,234 operating assets.

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BiVictriX Therapeutics PLC - Cheshire, England-based biotechnology company - For 2021, pretax loss widens to GBP2.5 million from GBP509,000, due to higher R&D, and administration costs, as the company continues to work on its lead programme, BVX001. As at December 31, holds a cash position of GBP6.1 million from GBP862,000 the prior year.

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Argo Blockchain PLC - London-based cryptocurrency miner - For February, mines 135 bitcoin, down from 172 BTC in January due to record high global hashrate and an increase in network difficulty. In addition, the company's facilities in Mirabel and Baie Comeau, Canada were subject to significant curtailment due to cold winter conditions. As a result, mining revenue drops 21% to GBP4.2 million from GBP5.3 million.

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Gore Street Energy Storage Fund PLC - London-based fund investing in energy storage assets - As at December 31, net asset value per share is 103.9 pence, up from 103.3p at the end of September 30, due to a strong performance from the company's assets in the UK and Ireland.

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Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - 3P gross reserves end 2021 at 121.3 million barrels of crude oil equivalent, up 21% from year prior, while 2P gross reserves increase by 16% to 75.5 million barrels of crude oil equivalent and 1P gross reserves increase by 13% to 38.7 million barrels of crude oil equivalent. Chief Executive Paul Baay says: "Our 2021 independent reserves evaluation confirms the significant opportunities at our Ortoire property and the profitability of all of our assets in Trinidad.

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TransGlobe Energy Corp - Calgary, Canada-based oil exploration and production company - For 2021, proved, developed and producing gross reserves increase 30% to 19.9 million barrels of oil equivalent, compared to 15.3 million barrels in 2020. Net present value of future revenue more than doubles to USD423 million from USD198 million.

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Maven Income & Growth VCT 3 PLC - UK-based venture capital trust - As at November 30, net asset value per share rises to 62.55 pence from 56.27p. Declares final dividend of 1.50 pence per share for the year, bringing the total payout to 4.75p

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East Star Resources PLC - Kazakhstan-focused gold and copper explorer - Following the completion of processing of 481 square kilometres of close spaced drone magnetic flown in September over the Dalny licence, identifies 11 target areas prospective for gold mineralisation along prospective sections of the first order. Zhenis gold target with geochemical and induced polarisation anomalies is now structurally interpreted as a 9 kilometre long and up to 900 metre wide area of structural complexity.

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Mosman Oil & Gas Ltd - Sydney-based oil and gas company - Announces initial production from the Winters-2 well in East Texas, with a flow rate of 545,000 cubic feet per day, around 105 barrels of oil equivalent.

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Zephyr Energy PLC - London-based oil and gas investment company - Although consulting firm Sproule International is continuing its work on the Competent Persons Report for the Paradox Basin in Utah, several factors including the CPR's scope and increased activity in the North American oil & gas sector has led to a short delay in the report's completion.

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Oracle Power PLC - London-based power and natural resource project developer with projects focused in Pakistan - Completes maiden drill programme at its Jundee East gold project in Australia, which had the objective of confirming the presence of an unrecognised greenstone belt. The first pass reverse circulation programme consists of 54 holes to a maximum depth of 153 metres for a total of 3,830m. Diamond drilling to start at the Northern Zone to improve the company's understanding of the extent of the project.

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Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company - Confirms that a heritage clearance survey has been confirmed for March 28 to April 2 at Red Setter and Cottesloe projects. which is for reverse circulation drilling over the seven geophysical targets.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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29 Jun 2023 13:17

EARNINGS SUMMARY: Belluscura loss widens; Civitas Social ups payout

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

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26 Jun 2023 10:33

IN BRIEF: Oracle Power teams up with Global Green Growth Institute

Oracle Power PLC - London-based, Pakistan-focused energy projects developer - Enters memorandum of understanding with Seoul-headquartered Global Green Growth Institute, valid for next five years. GGGI will provide Oracle with opportunities to engage with industry stakeholders, to facilitate development and finance green energy projects. Both parties will share knowledge and best practices to promote renewable energy sources in GGGI member and partner countries. GGGI, led by former United Nations Secretary General Ban Ki-moon, aims to promote sustainable development in developing and emerging Asian countries and help them achieve Net Zero goals by 2050.

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22 Jun 2023 10:52

IN BRIEF: Oracle Power raises funds for green project with Dubai royal

Oracle Power PLC - Pakistan-focused energy projects developer - Raises GBP363,000 through placing 323.0 million shares and a subscription for 40.0 million shares, both at 0.1 pence per share. Proceeds will primarily support the advancement of Oracle's green hydrogen project through its joint venture with Sheikh Ahmed Dalmook Al Maktoum and for general working capital purposes. Al Maktoum is Oracle Power's largest investor and has a 70% share in the JV. Trading in London of the fundraising shares is expected to start on or around June 27.

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22 Jun 2023 10:17

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

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

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22 Jun 2023 08:57

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the Bank of England's interest rate decision at midday, which is expected to result in the central bank's 13th consecutive hike.

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5 Jun 2023 12:41

Oracle Power inks deal to develop commercial side of Pakistan project

(Alliance News) - Oracle Power PLC on Monday said that its subsidiary has signed an agreement to develop commercial avenues for a green hydrogen project in Pakistan.

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30 May 2023 18:01

IN BRIEF: Oracle Power aims to add solar and wind to hydrogen project

Oracle Power PLC - Pakistan-focused developer of energy projects - Updates on green hydrogen project development. Notes the project steering committee has already held its first meeting. Adds project has taken another major step forward in relation to the completion of the bankable feasibility studies for the 1.2 gigawatt hybrid power grid interconnection and storage architecture for the project. Consultants have been commissioned and funded to conduct power studies, and establish the feasibility of integrating solar and wind energy technologies into the project. The hybrid power study encompassing 700 megawatt solar and 500 megawatt wind power, is expected to be completed by the third quarter.

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16 May 2023 17:26

IN BRIEF: Oracle Power signs deal for Thar power plant in Pakistan

Oracle Power PLC - Pakistan-focused developer of energy projects - Signs memorandum of understanding for the off-take and development of its 1.32 gigawatt Thar coal fired power plant in the Sindh Province, Pakistan.

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9 May 2023 14:45

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

(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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27 Apr 2023 17:35

TRADING UPDATES: Yourgene Health sees revenue above market forecasts

(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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19 Apr 2023 13:57

Oracle Power progresses Pakistan project with PowerChina agreement

(Alliance News) - Oracle Power PLC on Wednesday said that it has signed a cooperation agreement with PowerChina International Group Ltd to develop a one gigawatt solar-based power production plant in Pakistan.

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20 Mar 2023 11:09

Oracle Power registers land lease with Sindh government in Pakistan

(Alliance News) - Oracle Power PLC on Monday said the award of its recently acquired land lease has now been registered in the government of Sindh's land registry.

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7 Mar 2023 12:05

Oracle Power signs green hydrogen project accord with Chinese partner

(Alliance News) - Oracle Power PLC on Tuesday said it signed a memorandum of understanding with China Electric Power & Technology Co Ltd to potentially develop a green hydrogen project in Pakistan.

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6 Mar 2023 14:32

IN BRIEF: Coro Energy to appoint Oracle Power CEO as non-exec director

Coro Energy PLC - South East Asia-focused energy - Says it intends to appoint current chief executive officer of Oracle Power PLC Naheed Memon as a non-executive director. Says Memon has extensive experience in both the public and private sector in Pakistan and internationally.

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