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Small caps round-up: Europa Oil, Stellar Diamonds

Tue, 14th Dec 2010 11:34

Europa Oil & Gas has packed up its things at the Barchiz-1 oil discovery in Romania after finding the lower part of an oil column with some mud and water.Mountain winter conditions have also convinced the explorer to stop work and come back in the spring when it may try a full flow test of the well, and/or a possible up-dip sidetrack. "The evidence from the Barchiz well suggests it was drilled on the edge of a Geamana-style oil accumulation," explained managing director Paul Barrett.West Africa-focused Stellar Diamonds trimmed full-year losses to £5.6m from £9.6m following the reverse takeover of AIM-listed West African Diamonds in February.Shares in Russia-focused oil and gas explorer and producer Matra Petroleum jumped after it said that it has contracted a suitable rig to undertake operations at on of its wells. Elsewhere in oil and gas, Infrastrata fell after the gas storage group reported a bigger loss in the year to July 31.Pre-tax losses widened to £374,000 from £213,000 over the same period the previous year. The company does not generate any revenues yet.Infrastrata is developing a gas storage project in Dorset which it says together with another project it is developing in Northern Ireland could account for 10% of Britain and Ireland's total peak gas demand,.Private & Commercial Finance, which provides financial services to consumers and businesses, said conditions remain challenging as it posted a rise in profits in the six months to 30 September. Mobile content software 2ergo's full year results are in line with expectations with revenues of £21.4 coming in slightly below last year's £22.7m. However, the group recorded a pre-tax loss of £0.8m compared with a profit of £0.6m previously. Operating expenses also increased from £7.3m to £11.2m as a result of "investment to capitalise on the significant opportunities for growth within the mobile market", the group says. 2ergo adds that the board "anticipates that significant returns will start to be generated in the 2011 financial year."Shares in Clean Air Power fell after the group announced that the delay of a new gas facility in Tasmania means it is too late in the current year to have any significant impact on sales. As a result, revenues for the year ending 31 December will be significantly below market expectations.However the company, which develops technology to enable diesel engines to operate on a combination of diesel and natural gas, says it is confident that prospects for 2011 in this area are very promising.

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5 Dec 2022 15:44

UK shareholder meetings calendar - next 7 days

Tuesday 6 December
accesso Technology Group PLC	GM re purchase of accesso shares
Brighton Pier Group PLC	AGM
Croma Security Solutions Group PLC	AGM
Gattaca PLC	AGM
Greatland Gold PLC	AGM
International Biotechnology Trust PLC	AGM
MyHealthChecked PLC	GM re proposed capital reduction
Rosslyn Data Technologies PLC	AGM
Target Healthcare REIT PLC	AGM
Wednesday 7 December
Alternative Liquidity Fund Ltd	AGM
Agriterra Ltd	AGM
Alphawave IP Group PLC	GM re share number amendment
Cornerstone FS PLC	GM re approval of new shares
Europa Oil & Gas Holdings PLC	AGM
Henderson International Income Trust PLC	AGM
Volta Finance Ltd	AGM
Thursday 8 December
Ashoka India Equity Investment Trust PLC	AGM
Bioventix PLC	AGM
Blackrock Greater Europe Investment Trust PLC	AGM
Falanx Group Ltd	AGM
Fidelity Emerging Markets Ltd	AGM
Lok 'n Store Group PLC	AGM
Netcall PLC	AGM
Red Rock Resources PLC	GM re signing of the arbitral award
Upland Resources Ltd	AGM
Westmount Energy Ltd	AGM
YouGov PLC	AGM
Friday 9 December
Asia Dragon Trust PLC	AGM
Associated British Foods PLC	AGM
Boston International Holdings PLC	AGM
Critical Metals PLC	AGM
Doric Nimrod Air One Ltd	AGM
Doric Nimrod Air Three Ltd	AGM
Doric Nimrod Air Two Ltd	AGM
Frontier IP Group PLC	AGM
Gelion PLC	AGM
TechFinancials Inc	AGM
Monday 12 December
Devolver Digital Inc	SGM re 2022 Long-Term Incentive Plan approval
Marwyn Value Investors Ltd	AGM
Osirium Technologies PLC	GM re placing agreement with Allenby Capital
PCF Group PLC	GM re proposed cancellation of trading on AIM

Copyright 2022 Alliance News Ltd. All Rights Reserved.

9 Nov 2022 20:42

TRADING UPDATES: PCF plans AIM exit; Harland & Wolff to refinance

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

9 Nov 2022 11:19

AIM WINNERS & LOSERS: PCF and SourceBio plan AIM exit; Vela surges

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

9 Nov 2022 09:22

Lender PCF to withdraw from UK market after rescue fails

PCF will not recommence lending

9 Nov 2022 08:57

LONDON MARKET OPEN: Stocks falter on China Covid fears; US vote eyed

(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index.

5 Oct 2022 12:31

PCF Group suspends lending after Castle Trust pulls out of deal

(Alliance News) - PCF Group PLC on Wednesday said it will suspend "any new lending activities until further notice" after Castle Trust Capital PLC pulled out of an offer for the company on September 29.

5 Oct 2022 10:51

PCF Group suspends all new lending activity

(Sharecast News) - Banking firm PCF Group announced the immediate suspension of all new lending activity on Wednesday, after Castle Trust Capital confirmed that it did not intend to make an offer for PCF.

5 Oct 2022 10:51

PCF Group suspends all new lending activity

5 Oct 2022 10:30

AIM WINNERS & LOSERS: Serinus well disappoints; PCF tumbles

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

30 Sep 2022 06:57

IN BRIEF: Castle Trust pulls out of deal for PCF Group

PCF Group - London-based specialist bank - Castle Trust Capital PLC confirms that it does not intend to make an offer for PCF Group. PCF Group has been in talks with Castle Trust, a London-based bank offering savings accounts and mortgage lending, about a possible all-share takeover. On Tuesday PCF Group had granted an extension to the put-up-or-shut-up deadline a third time, making it October 25.

27 Sep 2022 22:07

TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

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

20 Sep 2022 20:50

TRADING UPDATES: Gaming Realms, Northcoders revenue up; Boku wins deal

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

23 Aug 2022 19:16

IN BRIEF: PCF Group says Castle Trust handed offer deadline extension

PCF Group PLC - London-based specialist bank - Grants another extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC. Deadline extended to close of play on September 20. PCF has been in talks with Castle Trust about a possible all-share takeover. "The discussions are continuing to progress and agreement has been reached in principle on most of the key commercial terms of the possible offer," PCF said in July.

18 Aug 2022 12:10

IN BRIEF: PCF signs debt sale framework agreement with Azzurro

PCF Group PLC - London-based specialist bank - Enters a debt sale framework agreement with Azzurro Associates Ltd. Under the agreement, which is valid for 36 months, PCF will be obliged to offer to sell to Azzurro for cash consideration defaulted receivables on a "right of first offer" basis. PCF adds that it has agreed on its first sale under this contract of defaulted receivables for net proceeds of GBP400,000 cash. The carrying value of this loan book was GBP310,000 on Wednesday.

26 Jul 2022 13:49

IN BRIEF: Agreement in principle reached on Castle Trust bid for PCF

PCF Group PLC - London-based specialist bank - Grants a second extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC, amid a tentative agreement on a takeover offer of PCF. Late last month, PCF agreed to extend the deadline for a formal offer to July 26, and on Tuesday it says this will be extended again to August 23. PCF has been in talks with Castle Trust about a possible all-share takeover. "The discussions are continuing to progress and agreement has been reached in principle on most of the key commercial terms of the possible offer," PCF says. Castle Trust is a London-based bank, offering savings accounts and mortgage lending.

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Small caps round-up: Europa Oil, Stellar Diamonds

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