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Pin to quick picksPantheon Res Share News (PANR)

Share Price Information for Pantheon Res (PANR)

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Share Price: 32.65
Bid: 32.45
Ask: 32.80
Change: 0.20 (0.62%)
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Open: 33.80
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TRADING UPDATES: Numis expects interim revenue rise; Dods profit swing

Tue, 30th Mar 2021 20:33

(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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Numis Corp PLC - London-headquartered stockbroker - For the six months ending March 31, expects to report revenue of GBP100 million, up from GBP63.1 million the same period the year before, as Investment Banking benefits from favourable market conditions, supporting an increase in IPOs and M&A activity, when compared to the prior period which was hurt by the pandemic. Equities also expected to deliver revenue growth on rises in execution commissions. Looks to second half with confidence.

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Dods Group PLC - business intelligence, media and technology resourcing - For the year ending March 31, adjusted earnings before interest, taxes, depreciation and amortisation is set to be at least GBP1.8 million, compared to loss of GBP200,000 in the first half. Dods Technology achieves double digit net income growth in second half compared to the first, due to increased spend from existing clients and new project wins. Also plans to seek approval for name change to Merit Group PLC, as well as simplify its share capital structure through a reorganisation.

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Good Energy Group PLC - Chippenham, England-based renewable electricity supplier and energy services provider - Maintains cash balance as at December 31 at GBP18.1 million, compared to GBP18.2 million as at June 30, while customer numbers remain stable since September.

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Pressure Technologies PLC - Sheffield, England-based specialist engineering for pressure containment and control - Trading for first half to date remains in line with management expectations, with the Chesterfield Special Cylinders prospering on a strong and diverse order book, while Precision Machined Components is pressured by a weak oil & gas market due to pandemic. However, order intake for March is set to reach highest levels since July 2020.

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Bank of Cyprus Holdings PLC - Cypriot banking firm - For 2020, pretax loss narrows to EUR166.9 million from EUR180.6 million the year before due to smaller interest expenses and staff costs, despite revenue declining to EUR765.1 million from EUR910.6 million, through drops in interest and fee & commission income. Gross loans on a proforma basis totalled EUR10.91 billion from EUR12.82 billion, while customer deposits dipped to EUR16.63 billion from EUR16.69 billion. Common equity tier 1 ratio stands at 15.2% from 14.8%.

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ADES International Holding PLC - MENA-focused drilling oil and gas wells company - For 2020, pretax profit drops to USD31.0 million from USD40.9 million the year before, on revenue which declined 5.4% year-on-year to USD452.1 million from USD477.8 million, driven by lower utilisation rates at 89% for 2020 from 97% in 2019. Meanwhile, net profit is down 30% at USD22.0 million from USD31.5 million. Enters 2021 with cautious optimism due to recovering oil prices, and early signs of recovery buoyed by the global vaccination campaign.

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Pantheon Resources PLC - AIM-quoted oil & gas exploration company - For the six months ended December 31, pretax loss widens to USD4.1 million from USD1.8 million the year before, due to higher administrative expenses and a one-off share option charge of USD1.6 million. During the period, completed a fundraising of USD30.1 million, and one January announced the spudding of Talitha A well, which has been drilled to a target depth of 10,456 feet. Looking ahead, Alaska has been refocused as the primary asset while East Texas has been formally discontinued.

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Silence Therapeutics PLC - novel RNA therapeutics developer with offices in London and Berlin - For 2020, pretax loss widens to GBP35.8 million from GBP22.7 million the prior year, as R&D costs rose to GBP20.2 million from GBP13.3 million in relation to company's SLN360 and SLN124 proprietary programmes. This was in spite of revenue jumping to GBP5.5 million from GBP244,000, driven by the partial recognition of milestone payments and recharges relating to the collaboration of Mallinckrodt, AstraZeneca PLC and Takeda Pharmaceutical Co Ltd, as well as royalty income from Alnylam Pharmaceuticals.

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Aura Energy Ltd - Australia-based minerals company -For the six months tended December 31, pretax loss widened to AUD1.7 million from AUD1.2 million the year before, due to higher expenses and a reduction in revenue to AUD30,452 from AUD256,542, due to a lack of activity from the Tiris project in Mauritania and the Haggan battery metals project in Sweden.

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Red Rock Resources PLC - gold explorer in Kenya and Australia, copper-cobalt in DRC - For six months ended December 31, posts loss of GBP430,000 compared to profit of GBP337,000, as administrative expenses rose to GBP472,000 from GBP282,000, as well as project development costs of GBP111,000, related to Zlata Bana and the Vector project in Congo.

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Logistics Development Group PLC - AIM-listed cash shell - For the year ended November 30, pretax loss narrows sharply to GBP7.9 million from GBP134.5 million the year before, due to exceptional costs of GBP128.8 million following an impairment of investments in subsidiaries and intercompany receivables.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
30 Oct 2023 14:15

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours.

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19 Oct 2023 14:31

IN BRIEF: Pantheon Resources completes re-entry of Alkaid-2 well

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Completes re-entry of the Alkaid-2 well and flow test of the Shelf Margin Deltaic B horizon. Says that testing operations have been successful at demonstrating producible oil from the SMD horizon in the Aphun field. Notes that post well analysis has suggested that the frac treatment resulted in vertical propagation across the entirety of the the 200 feet gross reservoir column, and extended laterally some 300 to 400 feet. The flow rates themselves were not expected to be material because the objective was to limit drawdown in the initial flow back. However, the actual flow rates were substantially better than prognosed.

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27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

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

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15 Sep 2023 20:56

IN BRIEF: Pantheon Resources updates on activities at Ahpun field

Pantheon Resources PLC - oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - On Thursday, says Netherland, Sewell & Associates has begun preparing a report on the Alkaid horizon at the Ahpun project. This is expected to be completed in the final quarter of 2023 or the first quarter of 2024. A report on the Shelf Margin Deltaic horizon will follow. Notes that GeoMark and SLB have completed their analysis of the reservoir fluid composition in the Alkaid-2 location. Says it suggests that approximately one third of the hydrocarbon pore space contains free gas, while two-thirds contains liquids with dissolved gas. Adds SLB has now begun full field planning studies at Ahpun and expects to complete this during the second quarter of 2024. Additionally, company expects mobilization of the All-American Oil Rig 111 during the last week of September for the Alkaid-2 SMD test.

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7 Sep 2023 17:07

TRADING UPDATES: RA International loss narrows as revenue grows

(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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30 Aug 2023 14:46

Director dealings: Pantheon, Abrdn directors pick up market shares

(Sharecast News) - Pantheon Resources was on the list of director buys on Wednesday, after its executive chairman picked up one million shares.

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30 Aug 2023 12:02

IN BRIEF: Pantheon Resources Chair David Hobbs buys 1 million shares

Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Executive Chair David Hobbs buys 1.0 million shares prices at GBP0.16411 each, worth GBP164,110, in London on Tuesday. Hobbs is now interested in 2.7 million shares, a 0.3% stake.

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29 Aug 2023 10:23

AIM WINNERS & LOSERS: Pelatro plummets on delisting plans

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

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29 Aug 2023 10:22

IN BRIEF: Pantheon Resources shares up on resource estimate for Kodiak

Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Confirms best estimate contingent resource estimate for the Kodiak oil field in Alaska totals 962.5 million barrels.

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29 Aug 2023 08:02

Pantheon shares jump on 1m-barrel estimate for Kodiak field

(Sharecast News) - AIM-listed oil and gas group Pantheon Resources has received its third-party estimate for its Kodiak Field, which indicates nearly one million barrels of oil.

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28 Jul 2023 20:46

TRADING UPDATES: Limitless Earth loss widens; Black Sea NAV rises

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

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8 Jun 2023 14:55

IN BRIEF: Pantheon appoints David Hobbs as chair, after Globe retires

Pantheon Resources PLC - Oil and gas company focused on onshore operations in the US - Says Chair Phillip Globe intends to retire. The board has chosen David Hobbs, who joined the board in a strategic capacity in March, as the new chair. He will become executive chair upon the execution of an employment agreement.

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8 Jun 2023 10:12

Pantheon appoints new exec chair as Gobe retires

(Sharecast News) - Alaska-focussed oil and gas company Pantheon Resources revealed some significant changes to its board of directors on Thursday.

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1 Jun 2023 14:59

Pantheon Resources awarded almost 40,000 acres in Alaska

(Sharecast News) - Oil and gas company Pantheon Resources announced the formal acceptance and payment for the award of 39,540 acres by the Alaskan Department of Natural Resources (DNR) on Thursday.

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1 Jun 2023 13:43

Pantheon Resources accepts and pays for 39,540 acre Alaska lease

(Alliance News) - Pantheon Resources PLC on Thursday said it has accepted and paid for the award of 39,540 acres from the State of Alaska Department of Natural Resources.

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