Pantheon Resources plc Share News (PANR)

Alternative energy firm Ceramic Fuel Cells has won an order for its BlueGen power and heating unit from Kiwa Gas Technology in fthe Netherlands for delivery in the second quarter of 2010.The company also welcomed the government's unveiling of its feed-in tariffs for small scale low carbon electricity generated from the likes of solar and wind power.The scheme will start on 1 April 2010. Householders who install solar panels or wind turbines up to 5MW will be paid for electricity generated even if they use it themselves.Cosalt, which supplies safety equipment for the oil & gas and marine industries, saw profits slip in the 53 weeks to November 1 amid tough trading in both areas.Pre-tax profits fell to £5.49m from £7.23m in the previous comparable period as revenues climbed to £44.23m from £41.85m.'Despite the challenging market conditions we can look to the future with momentum in our chosen market sectors,' the company said.High technology component developer e2v said trading between October 1 and February 1 has been 'in line with management's expectations and this reflects general market softness.'Technology businesses developer Amphion Innovations says that its net asset value has fallen 13% to 26p a share at the end of 2009. The decline in dollar terms was 4.5%. Revenues increased by 22% to $8.6m - most were generated by wholly-owned software developer DataTern. Amphion points out that DataTern has not been revalued. Full year figures will be published on 16 March. Catalysts developer Acta says that it has shipped its first hydrogen generators and power generators to distributors for demonstration purposes during January. Demand has been stronger than expected. There are 15 distributors covering a number of sectors. Acta has benefited from cost cutting in the past year but says that there will have to be investment in sales and marketing and increased production capacity this year. The 2009 figures will be published on 25 March. Argo Real Estate Opportunities Fund's net asset value has slumped from €1.08 a share to €0.233 a share in the 12 months to September 2009. The investor in commercial property in central and eastern Europe blames the deterioration of the global economic and financial environment. The full year loss of €81.2m, against €22.5m the year before, includes €73m of asset write-downs. A rapid recovery is not expected. Fuel cells firm Proton Power Systems has signed a Memorandum of Understanding with Smith Electric Vehicles, the commercial electric vehicle division of Tanfield Group. Under the terms of the deal, both parties will collaborate to build and market a battery-powered commercial vehicle, equipped with a Proton Power fuel cell system as a range extender. The collaboration will aim to supply systems to local authorities and other fleet operators across Germany initially, and will address projects in the UK and North America.Pantheon Resources, the oil and gas exploration company focused on Texas and Louisiana, said work on the second well of its Tyler County asset in east Texas is scheduled to start in early March.The company added that the number one well at Jumonville has experienced a tail off in hydrocarbon production as a result of a rising water cut, which is being addressed by the well operator.John Standen, chairman of IT services firm Xplote described 2009 as a 'transitional year' in which the company disposed of its Anix managed services business to focus on the Storage Fusion business, which lost £0.4m in 2009.Sales in 2009 from continuing operations plunged to £140,000 from £1.8m in 2008. Loss before tax widened to £2.98m from £1.30m the year before. Renewable Energy Generation has bought six Vestas V80 2MW machines for its consented site at Goonhilly Downs in Cornwall. The turbines are scheduled to be delivered to the site in July and the project is expected to be operational by late summer 2010. The repowered wind farm is expected to produce approximately 30GWh of output per annum.Environmental Recycling Technologies said it has reached settlement by agreement of a series of disputes and litigation with Sean Daley, the former chief executive of the group's Central Asian operations.