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Pin to quick picksPetroTal Share News (PTAL)

Share Price Information for PetroTal (PTAL)

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Share Price: 43.25
Bid: 42.50
Ask: 44.00
Change: 0.25 (0.58%)
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TRADING UPDATES: Capita wins contract extension; RM notes challenges

Thu, 07th Apr 2022 22:02

(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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Capita PLC - London-based outsourcing services - Secures a two-year GBP50.6 million contract extension with Northern Ireland's Education Authority to deliver IT infrastructure and services for all of Northern Ireland's schools. This includes delivering local area networks, cloud services and service desk support. Capita says the extension builds on a 10-year relationship with the education authority.

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Augmentum Fintech PLC - investment company focussing on the financial technology sector - Notes that its investeee Grover, a Berlin-based consumer-technology subscription platform, has raised USD330 million in equity and debt funding. Augmentum says the new round values its stake in Grover at GBP42.7 million, up from GBP18.6 million at September 30. Adds the the implied valuation would represent an increase of 16.6 pence over the last published net asset value per ordinary share at September 30 of 147.7p.

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RM PLC - Abingdon, England-based provider of technology and resources to education sector - Says first quarter of 2022 has provided a "challenging backdrop" as a result of inflation and supply chain issues. Nonetheless, the company's full-year outlook remains unchanged. Net debt at March 31 is GBP39 million, up from GBP10 million at the same time the previous year.

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Caspian Sunrise PLC - Oxfordshire, England-based mining royalty company - Notes impact at well 142 as a results of civil unrest which began at the start of the year and impacted operational activity in January. Says it has not experienced any issues in transporting its oil as a result of Russian sanctions. Production at the MJF structure continues to grow, Caspian continues, with production at the end of March being approximately 2,142 barrels of oil per day. Targets to increase production to nearer 3,500 barrels of oil per day.

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Lekoil Ltd - Guernsey-based tin mining company focused on Nambia - Receives a winding up petition from Olalekan Akinyanmi regarding alleged "oppressive conduct" by the company, its directors and shareholders "seeking to engineer a takeover" and being in breach of financing and management agreements. Says it is taking legal advice to defend the claim.

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Supermarket Income REIT PLC - real estate investment trust dedicated to investing in supermarket property - Set to raise GBP175 million through a placing at an issue price of 121 pence per share. Additionally, announces a conditional offer for subscription through the PrimaryBid platform of shares at a price of 121 pence each. Company says this represents a 4.3% discount to the close price of 126.5p on Wednesday. Will use the funds to make additional investments, Supermarket Income explains.

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Burford Capital Ltd - London-based asset management firm - Announces a private offering of USD360 million of 6.9% senior notes due in 2030 by its wholly owned subsidiary Burford Capital Global Finance LLC. The offering is expected to close on April 11. Says it will use the proceeds for general corporate purposes, including the potential repayment of debt.

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ULS Technology PLC - Oxfordshire, England-based online platforms for conveyancing and financial intermediary markets - Changes its name to Smoove PLC. Company says rebranding amplifies its strategy to "simplify and revolutionise" the home moving ownership process. Its eConveyancer brand will remain, while its DigitalMove brand will be integrated into the wider eConveyancer and Smoove propositions.

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Chapel Down Group PLC - Kent, England-based wine maker- Wins new partnership with the England & Wales Cricket Board as its official sparkling down. Company says it is the first time the England & Wales Cricket Board have partnered with an English sparkling wine brand, with previous partnerships being with champagne.

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All Things Considered Group PLC - London-based music firm providing talent management, live booking and livestreaming - Expects 2021 results to be in line with expectations. Anticipates revenue and other operating income of GBP9.9 million, up 23% from GBP8.0 million in 2020. Expects an adjusted loss before tax and non-controlling interests of GBP2.8 million, widening from a loss of GBP400,000 the previous year. Says current trading outlook remains positive.

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Maintel Holdings PLC - London-based cloud and managed service specialist - Appoints Gabriel Pirona as chief financial officer from May 2. Prior to joining Maintel, Pirona was CFO at Agilisys, a London-based IT software and business services provider.

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PetroTal Corp - Calgary, Canada-based oil and gas company focused on Peru - Notes the Peruvian government has reached an agreement with a protest group which has been PetroTal's loading dock. The group has now lifted the blockade near the company's loading dock. Says its oil barge was ready to arrive within hours of the dock reopening. Adds first priority is to unload 90,000 barrels of crude oil before ramping production back up over a five to seven day period. PetroTal produced over 1 million barrels of oil in the first quarter of 2022 despite, the company notes, being significantly constrained for most of March.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
22 Jan 2024 14:27

PetroTal expects income decrease but rise in production this year

(Alliance News) - PetroTal Corp on Monday said it anticipated oil production to increase this year, as the 16H well was on stream, while it expects net operating income to be lower in 2024 than in 2022.

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10 Jan 2024 12:33

PetroTal reports solid fourth quarter production update

(Sharecast News) - PetroTal said in an update on Wednesday that in the fourth quarter, it achieved an average daily production of 14,865 barrels of oil per day, with a yearly total of 14,248 daily barrels.

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10 Jan 2024 10:08

PetroTal hails Peru's rainy season as quarterly oil production climbs

(Alliance News) - PetroTal Corp on Wednesday reported a rise in quarterly oil production as it hailed the return of the rainy season in Peru.

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8 Dec 2023 15:19

IN BRIEF: PetroTal repurchases 68,176 shares

Petrotal Corp - AIM-listed oil and gas company, which focuses on resource development in Peru - announced on Friday that it repurchased 68,176 common shares at 47.5 pence each, paying around GBP32,000.

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30 Nov 2023 10:28

PetroTal announces drilling of well 16H and eyes January output

(Alliance News) - PetroTal Corp on Thursday said it has kicked off drilling of a well in Peru, and it also reaffirmed an environmental commitment.

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13 Nov 2023 13:31

PetroTal reports dry season challenges in third quarter

(Sharecast News) - PetroTal said in an update on Monday that it faced challenges in the third quarter due to a severe dry season and low river levels, which impacted its average quarterly sales and production figures.

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13 Nov 2023 11:49

PetroTal profit hit by oil price slide despite more production

(Alliance News) - PetroTal Corp on Monday reported increased oil production and sales but a lower price received.

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16 Oct 2023 16:42

IN BRIEF: PetroTal says production impacted by lower river levels

PetroTal Corp - Alberta, Canada-based oil and gas company - Updates on third quarter production. Achieves production of 10,909 barrels of oil per day in the quarter and is currently producing around 12,500 bopd. Explains production was lower than the guided 13,500 bopd as it was negatively impacted by lower than expected river levels that reduced barge capacity for the Brazil route exports. For the year ended September 30, produces around 14,040 bopd, which is inside full year production guidance range.

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13 Sep 2023 20:16

IN BRIEF: PetroTal reiterates production targets, pays dividend

PetroTal Corp - Alberta, Canada-based oil and gas company - Confirms dividend of USD0.025 per share will be paid to shareholders on September 15. Adds buybacks have resumed with another scheduled after a brief pause around the quarter end. Further, says production in July and August 2023 averaged 11,552 barrels of oil per day and 12,651 barrels respectively as the company managed reduced barge movement to and from Brazil during the anticipated low river dry season. Expects to make up the volume shortfall if river levels revert to normal in the fourth quarter, and reiterates its full year guidance range of between 14,000 barrels and 15,000 barrels.

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13 Sep 2023 11:02

PetroTal confirms dividend, maintains production guidance

(Sharecast News) - PetroTal confirmed in an update on Wednesday that it would distribute a dividend payment of $23m on 15 September.

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8 Aug 2023 14:12

PetroTal second quarter profit falls annually amid lower oil price

(Alliance News) - PetroTal Corp on Tuesday reported a lower second quarter profit than a year ago, as the price of Brent eased.

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8 Aug 2023 10:00

PetroTal upbeat after strongest ever quarter

(Sharecast News) - PetroTal reported record average quarterly sales of 18,483 barrels of oil per day in its second quarter on Tuesday, making for a 46% increase from the first three months of the year.

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6 Jul 2023 15:09

PetroTal hails record production despite disruption over quarter

(Alliance News) - PetroTal Corp on Thursday celebrated record oil production at its site in Peru over the second quarter, despite facing disruption due to an ongoing pipeline closure and separate social disruption.

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6 Jul 2023 15:05

PetroTal reports record second quarter production

(Sharecast News) - PetroTal said in a update on Thursday that during the second quarter, it achieved record production of 19,031 barrels of oil per day.

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20 Jun 2023 14:58

PetroTal gets back to work after lifting of river blockade

(Sharecast News) - PetroTal said in an update on Tuesday that the Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) had removed the river blockade on 10 June, thus allowing the resumption of its operations.

Read more

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