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TRADING UPDATES: Rockfire surpasses expectations with maiden estimate

Mon, 23rd May 2022 21:54

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

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1Spatial PLC - Cambridge, England-based IT service management company - Secures an initial contract with the New York State Office of Internal Technical Services. Contract is for the use of 1Spatial's 1 Integrate software and services to automate the updating of data. Chief Executive Claire Milverton says: "Whilst this initial contract is modest in size, there are multiple additional areas in which 1Spatial could support the state in the future, including the use of several of its already defined repeatable solutions which are currently in use with other states." Financial details of the contract were not disclosed.

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Aptamer Group PLC - York, England-based provider of custom services, diagnostics and therapeutics for biotechnology and pharmaceutical firms - Extends collaboration with PintoBio, a South Korea-based biotechnology company, to develop four new Optimer-drug conjugates for use as chemotheraputics. Aptamer will develop Optimer vehicles to the targets and provide these to PinotBio for use with their payload and linker technologies. PinotBio will then generate the full Optimer-drug conjugates and perform initial animal studies. Each party will cover its own development costs. The partnership started in June and targeted haematological cancers. The first phase of the collaboration project has been completed, the company adds.

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Eight Capital Partners PLC - London-based investment company focused on technology, media, telecoms and financial services businesses - Following the sale of EUR5 million of vendor loans by IWEP Ltd, a company controlled by the company's chair, Dominic White, company agrees to satisfy the loan through the issue of EUR5 million 7% fixed rate bonds. The bonds will mature on July 26. No change to the company's outstanding debt as a result.

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BWA Group PLC - London-based minerals exploration investment company - Receives applications for a further GBP35,000 of loan notes. Total applications received for the 14% convertible unsecured loan notes announced on May 20 now amount to GBP200,000. The maximum permitted issue of the loan notes is GBP350,000.

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Augmentum Fintech PLC - London-based investment company focused on the financial technology sector - Appoints Peel Hunt LLP and Singer Capital Markets Securities Ltd to manage its irrevocable programme. The irrevocable buyback programme will commence on Monday and run until June 30. Any shares purchased in the irrevocable buyback will count towards the company's general buyback of 15% of the company's share capital.

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Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on South America and Africa - Says the Valaris MS-1 rig has arrived at the Sasanof-1 exploration well on the Australian north west shelf. The rig completes the 190 nautical miles mobilisation. Primary anchors are now being run and will be followed by the deployment of secondary and tertiary anchors. Once complete, spudding of the well will start. Company is targeting multi-trillion cubic feet of gas.

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Rockfire Resources PLC - London-based gold and base metal exploration company focused on Australia and Greece - Announces its maiden resource estimate as its 100% owned Malaoi zinc deposit in Greece. Says the estimate has surpassed all expectations and demonstrates the quality and potential of the project. Delivers an inferred mineral resource of 2.3 million tonnes at 11% zinc equivalent for 250,000 tonnes of zinc equivalent. This resources uses a 4% low-grade cut with individual elemental grades of 9.4% zinc, 1.7% lead, and 47 grams per tonne silver. Molaoi currently contains 210,000 tonnes of zinc, 39,000 tonnes of lead, and 3.5 million ounces of silver. Rockfire plans to undertake resource delineation and extensional drilling over the next 12 months.

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Silverwood Brands PLC - London-based investing company targeting food, organic food, wellness, lifestyle and leisure sectors- Signs a conditional share purchase agreement to acquire Balmonds Skincare Ltd, a UK-based skincare company that focuses on eczema, psoriasis and dermatitis. Silverwood agrees to acquire 6.8 million share at 85 pence each from Director Andrew Gerrie and Chief Executive Alison Hawksley, representing 85% of Balmonds' share capital. Silverwood is entitled to acquire the remaining 15% from the other shareholders in Balmonds, also at a price of 85p per share. The total consideration amounts to around GBP8.0 million.

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AdvancedAdvT Ltd - London-based acquisition vehicle - Says that the offer price from Next Fifteen Communications Group PLC for M&C Saatchi PLC "does not reflect the value of foregoing control and the significant synergies available to Next Fifteen". AdvancedAdvT continues to consider its options. The company, along with Vin Murria, own 22% of M&C Saatchi. On Friday, Next Fifteen's offer was 251.8 pence per M&C Saatchi share.

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Tlou Energy Ltd - Brisbane, Australia-based power company focused on sub-Saharan Africa - Commences construction activities for the transmission line to connect the Lesedi Power project to the Botswana power grid. Says Zismo Engineering Pty Ltd completes its preliminary work and adds the bush clearing of the route is underway. Zismo also commences the procurement of equipment. Work on the transmission line is scheduled to complete in mid-2023.

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Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Expands drilling to district targets at Ramula and adjacent anomalies at its West Kenya project. Notes visible gold in three intersections across five holes drilled. This takes the total number of holes with assays returned to 107 for the current drilling campaign. Chief Executive Eric Zurrin says: "The latest phase of drilling at West Kenya has continued to deliver outstanding results, ensuring that this remains the most consistently high-grade drilling programme we've ever conducted at any asset in Shanta's history."

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Ondo InsurTech PLC - West Midlands-based company that detects micro-leaks of water - Signs agreement to provide LeakBot to homeowners insurance customers in the state of New York. This is now the third state in which LeakBot is operational. LeakBot is an internet of things solution which protects homes from the impact of water damage, Ondo InsurTech explains.

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Oriole Resources PLC - London-based gold exploration company focused in Cameroon and Senegal - Completes the sampling of the remaining four 'Priority 1' grids at its 90%-owned central licence package in central Cameroon. Samples for grid two and four have been dispatched for analysis. Company expects results by the end of the second quarter or early in the third quarter of 2022.

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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Notes the announcement by its wholly-owned subsidiary, Tees Valley Lithium Ltd, which says the specifications of the ultra-pure battery-grade lithium hydroxide it will produce are higher than "prevailing industry standards". Adds this has been independently verified by an "internationally recognised" cathode active material manufacturer. Chief Executive of Tees Valley Lithium John Walker says: "These outstanding testwork results and third-party validation by a cathode active material manufacturer is yet another positive milestone for Tees Valley Lithium... These excellent results also pave the way for advancing our discussions with suppliers of feedstock as well as off-takers of lithium hydroxide."

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Bluefield Solar Income Fund Ltd - Guernsey, UK-based investment company focused on low-carbon assets in the UK - Acquires two standalone 40 megawatt battery storage projects from Green Hedge Energy UK Ltd for GBP4.5 million. The acquisitions represents the development rights, grid connection costs and the leasehold of land for the two projects. Construction of the project is expected to commence in 2022.

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Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Wins approval for the equity exchange agreement from Daybreak Oil & Gas Inc shareholders. As a result, Reabold California LLC, a Reabold subsidiary, will become a wholly-owned subsidiary of Daybreak. Consequently, Reabold will indirectly hold a 42% interest in Daybreak. Co-Chief Executive Sachin Oza says: "With material production, favourable commodity pricing dynamics and multiple organic growth opportunities available to it, Daybreak, combined with the Reabold California portfolio, is now ideally positioned to capitalise on opportunities in its core focus area of California."

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Sep 2022 11:28

Reabold Resources and Union Jack Oil shares fall on West Newton report

(Alliance News) - Shares in Reabold Resources PLC and Union Jack Oil PLC slumped on Friday after an update on the West Newton Field concluded that the formation was "very sensitive to aqueous fluids".

Read more
15 Sep 2022 12:29

IN BRIEF: Reabold Resources completes purchase of non-Victory licences

Reabold Resources PLC - oil and gas company with projects in the UK, the US and Romania - Completes the acquisition of Corallian Energy Ltd's working interest in all the non-Victory licences within the Corallian portfolio. Victory is a gas field in the Shetland Isles.

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14 Sep 2022 11:33

IN BRIEF: Reabold shares drop as sells investee Corallian to oil major

Reabold Resources PLC - oil and gas company with projects in the UK, the US and Romania - Sells investee Corallian Energy Ltd to an unnamed oil and gas major. Receives net proceeds of around GBP12.7 million from GBP32 million sale of Corallian and its Victory license. The valuation is a "significant uplift" of Reabold's investment of GBP7.5 million in Corallian since late 2017. In May, Reabold said that Corallian, in which Reabold owned 50%, had received a non-binding conditional takeover offer for entire share capital. Corallian board had deemed offer attractive and was pursuing sale.

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9 Sep 2022 11:17

Reabold Resources shares up as UK government lifts fracking moratorium

(Alliance News) - Reabold Resources PLC shares jumped on Friday following the UK government's announcement of the lifting of the moratorium on hydraulic fracturing onshore in the UK.

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9 Sep 2022 11:06

AIM WINNERS & LOSERS: Reabold jumps on UK government fracking change

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

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1 Sep 2022 21:24

IN BRIEF: Reabold Resources' Corallian remains in talks for takeover

Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Notes that Corallian Energy Ltd remains in negotiations for a potential takeover by an unnamed purchaser.

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22 Jun 2022 15:48

UK shareholder meetings calendar - next 7 days

Thursday 23 June 
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Friday 24 June 
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XP Factory PLCAGM
Zaim Credit Systems PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(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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27 May 2022 16:58

IN BRIEF: Reabold Resources revenue rises on higher oil prices

Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Pretax loss stays broadly unchanged in 2021, widening to GBP2.68 million from GBP2.67 million. Revenue rises 12% to GBP1.2 million from GBP1.0 million. Production on a working interest basis from the company's California assets was 24,457 barrels of oil, down from 33,890 barrels of oil the previous year. The lower production was primarily due to workover of wells and bringing enhanced storage infrastructure online, the company explains. Realised sales price was USD65.4 per barrels, up from USD38.4 per barrel a year prior.

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13 May 2022 12:24

Reabold Resources hires EnQuest's Chris Connolly as new CFO

(Alliance News) - Reabold Resources PLC on Friday named its new chief financial officer as Chris Connolly.

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4 May 2022 13:08

IN BRIEF: Reabold Resources shares lifted on Corallian licence deal

Reabold Resources PLC - investor in upstream oil and gas projects - Says Corallian Energy Ltd, of which it owns 49.99%, receives non-binding conditional takeover offer for entire share capital. Corallian board deems offer attractive and is pursuing sale. Reabold now will acquire Corallian's portfolio of six exploration and appraisal licenses for GBP250,000, excluding Victory license.

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3 May 2022 21:55

TRADING UPDATES: Vela, Standard Life Investments up portfolio value

(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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25 Feb 2022 20:12

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

(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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17 Jan 2022 12:39

Reabold jumps on promising analysis of West Newton well programme

Reabold jumps on promising analysis of West Newton well programme

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