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AIM WINNERS & LOSERS: Itaconix production restarts; Empresaria upbeat

Tue, 21st Dec 2021 11:14

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

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AIM - WINNERS

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Itaconix PLC, up 28% at 5.50 pence, 12-month range 1.80p-17.50p. The speciality polymers firm announces the resumption of production at a plant in the US north east, following previous interruptions due to water damage. Itaconix confirms that it has met and expects to continue to meet all customer orders. The company is working closely with one large customer on minor delivery delays that will not impact the customer's operating needs, it noted.

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PetroNeft Resources PLC, up 20% at 3.59p, 12-month range 0.55p-4.70p. Shares in Tomsk Oblast-focused oil & gas firm rise following a completed reserves and resource audit for two licences, giving them both a more than doubled valuation. Following the audit by consulting firm Miller & Lents, licences 67 and 61 now collectively have a proved, probable and possible net attributable reserve of 107.15 million barrels, up 2.8% from 104.21 million barrels, the figure given by the legacy audit from Ryder Scott.

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Empresaria Group PLC, up 13% at 77.67p, 12-month range 44.40p-94.00p. The recruiter says that its annual pretax profit will be "materially" ahead of market forecasts. Empresaria says it has continued to deliver a strong trading performance across several sectors in the final quarter of 2021 to date, keeping up the momentum seen over the second half of the year. In late October, the group had said it expected net fee income for 2021 to be between GBP57 million and GBP59 million, while adjusted pretax profit was set to range from GBP7.4 million from GBP7.9 million, a 9% to 16% beat to market consensus at the time.

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AIM - LOSERS

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Touchstone Exploration Inc, down 11% at 90.12p, 12-month range 0.75p-107.00p. Shares in Calgary, Canada-based oil and gas company fall despite upbeat test results. Says final production test results from its Royston-1 exploration well showed a light oil discovery, setting the way for the commerciality of the site. All three of the tests encountered economic oil and confirmed the presence of hydrocarbons, Touchstone explains.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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2 Apr 2012 12:56

Resources Round-up: Jubilant Energy, Stellar Diamonds, Petroneft...

Jubilant Energy, an India focused oil and gas company, has reported successful test results from the fifth development well of the third phase drilling campaign in the already producing Kharsang Field. The well has now been put into production at an initial gross rate of 138 barrels of oil per day.

17 Feb 2012 11:49

Fracking problems at PetroNeft

PetroNeft, an oil and gas company with concessions in Russia, has been forced to postpone a fracture stimulation, or 'fracking', programme at its Lineynoye field after a mystifying fall in oil production at one cluster of wells. The good news is that the Lineynoye Pad1 wells have responded to the w

6 Dec 2011 13:30

Petroneft Resources sees production upside

Petroneft Resources, a Russia-focused oil company, has reported that one of its licences could double its production by the end of the first quarter of 2012. Current field production on licence 61 is about 2,500 barrels of oil per day (bopd), which production expected to reach the guided target of

21 Sep 2011 07:51

PetroNeft Resources finds new Russian well

Petroneft Resources, the Russia-focused oil company, says it has discovered a new oil well in Siberia, though it is not yet sure whether the well is commercially viable. The discovery at its North Varyakhskaya asset is the seventh such discovery. The company says that at North Varyakhskaya drilling

20 Sep 2011 16:42

London close: FTSE 100 in strong rebound

London's leading share index closed pretty much where it started the day yesterday, staging an impressive recovery even as Standard & Poors' downgrade of Italy cast a shadow. In a fresh blow to the debt-stricken country, the ratings agency downgraded its rating on Italian sovereign debt by one notc

20 Sep 2011 12:23

London midday: FTSE 100 climbs as stocks rebound

Stocks have been steadily moving higher and are now posting strong gains in spite of Standard & Poor's downgrade of Italy. The rise comes after the leading share index suffered triple-digit losses yesterday. In a fresh blow to the debt-stricken area, the ratings agency) downgraded its rating on Ita

20 Sep 2011 08:34

London open: Markets cautious as debt crisis rages on

It was a flat start in London, as investors remained concerns with the escalating debt crisis in the Eurozone. In a fresh blow to the debt-stricken area, ratings agency Standard & Poor's (S&P) downgraded its rating on Italian sovereign debt by one notch on Monday night, citing poor economic growth

20 Sep 2011 07:33

PetroNeft makes first half maiden profit

Russia-focused oil and gas firm PetroNeft Resources made a maiden profit in the first half of 2011. Pre-tax profit totaled $3.79m in the period ended 30 June, up from a loss of $4.97m the year before, helped by a foreign exchange gain of $5.97m. Earnings per share were 0.74 cents, compared with 1.5

4 Aug 2011 09:11

PetroNeft soars on new oil field discovery

Oil and gas explorer PetroNeft Resources had a major breakthrough after finding a new oil field at Sibkrayevskaya in Licence 61 in Russia, which it considers to be its largest single discovery to date. Based on preliminary analysis, the company noted that the oil is of "good quality" consistent wi

7 Jul 2011 15:17

First Derivatives non-exec pockets £550,000

First Derivatives non-executive director Michael O' Neill has pocketed £550,000 from the sale of shares in the Northern Irish provider of software services to investment banks and hedge funds. He sold 100,000 at 550p a time, but still has 640,000 shares, or nearly 4% of the company. "The shares we

6 Jul 2011 11:58

Encouraging signs for PetroNeft

International oil and gas exploration and production company, PetroNeft Resources, announced proved reserves for economic development at its Kondrashevskoye site in Siberia. The firm also said its Lineynoye 206 site contained the thickest oil pay encountered to date. It added that its research sho

7 Jun 2011 14:14

Mixed well results for Petroneft

Shares in Russia-focused oil and gas explorer PetroNeft Resources took a tumble on Tuesday as the update on operations at Licences 61 and 67 in the Tomsk Oblast region revealed mixed results. The Kondrashevskoye No. 2 delineation well in Licence 61 has been drilled and confirmed 2.3m of net pay in

10 Mar 2011 16:23

PetroNeft increases reserve figure

Russia focused oil and gas explorer and producer PetroNeft Resources says that its 2P reserves have increased by 37%. The 2P reserve figure has risen to 96.9mmbbls, according to independent reserve auditors Ryder Scott. The figure includes the first estimate of proved and probable reserves at th

5 Jan 2011 10:18

Petroneft misses year-end goal

Russia-focused oil and gas group Petroneft Resources will miss the year-end target for crude output at Licence 61 in Tomsk Oblast. The group said that production growth was hit by "greater-than-expected formation damage" resulting from the drilling and completion process. From 9 of the 11 wells dr

9 Nov 2010 16:29

Brainspark boss increases stake to 38.2%

Alfredo Villa, chief executive of Brainspark, has bought 2.1m shares £2.6m or 125p a share. Brainspark is an investment company with a primary portfolio in Italy encompassing interactive media, leisure, entertainment and financial services. As well as being the chief executivee of Brainspark, Vill

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AIM WINNERS & LOSERS: Itaconix production restarts; Empresaria upbeat

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