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Pin to quick picksSimec Atlantis Share News (SAE)

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TRADING UPDATES: Hardide upbeat on recovery; SIMEC permit delayed

Thu, 07th Oct 2021 14:43

(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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Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Value of orders received in second half of financial year ended September 30 is GBP2.5 million, up 52% on those received in first half, though a significant proportion of this will be recognised as revenue in the start of the 2022 financial year. "The board is looking forward to an improved performance in financial year 2022 and providing further updates on the various exciting projects in progress," Chair Robert Goddard says. Going into the company's next financial year, notes there are "promising signs of recovery" across the all key market sectors.

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SIMEC Atlantis Energy Ltd - Edinburgh-based tidal and hydro energy producer - Explains Welsh government will now itself decide on permit variation application for the conversion of the Uskmouth power station and has blocked Natural Resources Wales - which had previously indicated that it was minded to award the variation to the permit - from making a determination. Says "further delay" is a blow, and the government is putting project at risk. "SAE will consider all available legal options and will seek to ensure that the Welsh government understands how critical this project is to South Wales, Newport, to key industries and the hundreds of employees whose jobs are at risk," it says.

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Block Energy PLC - oil and gas developer and producer in Georgia - Reports third quarter production of 34.6 million barrels of oil equivalent, down from 42.6 million barrels in the second quarter. "Production during the third quarter includes the resumption of production from well WR-16aZ, following successful installation of a sucker rod pump, but this was more than offset by the decline from well WR-38Z," Block explains says. Third quarter revenue slumps 23% to USD901,000 from USD1.2 million a year previously.

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Falcon Oil & Gas Ltd - exploration and development company - Completes production testing at Kyalla 117 in the Beetaloo Sub-Basin, Northern Territory, Australia. While Kyalla 117 flowed liquids-rich gas without assistance for intermittent periods, production was not sustained and there were indications of a potential downhole flow restriction. Further analysis will be undertaken which will inform the future approach to further drilling. "The information collected from this first horizontal well drilled in the Kyalla liquids-rich play, including the elevated liquids component, confirmed that the Kyalla remains an attractive target for further appraisal," comments Chief Executive Philip O'Quigley.

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Aura Energy Ltd - Australian exploration company focussed on Sweden and Mauritania - Signs USD10 million offtake financing agreement with commodities firm Curzon Uranium Trading. The funds have been set aside for mining working capital and production costs. The agreement includes up to an additional USD10 million facility at the lender's discretion. The potential maximum available under the agreement is USD20 million. "Sentiment towards uranium and nuclear power is shifting rapidly amongst investors and we see considerable potential to expand our resource, production throughput and undertake further offtake finance agreements," says Chair Martin Rogers.

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Mast Energy Developments PLC - developer of reserve power generation plants - Completes purchase of Rochdale Power Ltd for the installation of a 4.4 megawatts flexible gas power project in Dig Gate Lane, Rochdale. The acquisition amounts to GBP90,000, while the property rights cost GBP132,000, for GBP222,000 total, which will be funded from the current MAST working capital budget. Rochdale will provide an additional revenue opportunity, Mast says, increasing the overall revenue stream by adding to the Bordesley project, which is currently under construction, and Pye Bridge project, which is already in production. "Completion of the Rochdale transaction is yet another step in MED's clear strategy to establish a portfolio of reserve power plants in aggregate of 300 MW generating capacity in the UK," Mast says.

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Live Company Group PLC - UK-based live events and entertainment company - Signs new contract with Les Grands Pres Shopping Centre in Mons, Belgium for Bricklive Fantasy Kingdom. Plans to expand presence in similar centres across the region and wider Europe in 2022.

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By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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5 Dec 2018 15:42

SIMEC Atlantis signs EUR 1m grant agreement

(Sharecast News) - Sustainable energy generation company and technology developer SIMEC Atlantis has signed a grant agreement with EASME for €1m, to support its turbine development programme, it announced on Wednesday.

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5 Dec 2018 11:11

SIMEC Atlantis Energy Gets EUR1.0 Million Grant From European Agency

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Wednesday that it was awarded a EUR1.0 million grant to support its turbine development programme by a European agency.The European a

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23 Nov 2018 16:53

SIMEC Atlantis Energy Buys SIMEC Green Highland For GBP124.7 Million

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Friday it has agreed to acquire SIMEC Green Highland Renewables at an enterprise value of GBP124.7 million.The company will be with a

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20 Nov 2018 14:33

SIMEC Atlantis sells 25pc of Uskmouth Power to Equitix

(Sharecast News) - Sustainable energy generation company SIMEC Atlantis Energy has signed heads of terms to sell a 25% shareholding in Uskmouth Power for £32.9m cash, it announced on Tuesday, to infrastructure fund manager Equitix.

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20 Nov 2018 11:30

SIMEC Atlantis Agrees To Sell 25% Uskmouth Power Stake, Shares Up 20%

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has signed heads of terms to sell a quarter of its shareholding in a Welsh power project to infrastructure fund manager in and

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5 Nov 2018 10:30

SIMEC Atlantis Advances Plans For Uskmouth Power Station Conversion

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Monday that it has made progress with the conversion of the Uskmouth power station in Wales to generate electricity from waste derived of a

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30 Oct 2018 11:14

Simec inks joint venture agreement with Normandy

(Sharecast News) - Simec has formed a joint-venture with Development Agency for Normandy aimed at developing a large-scale project in the region.

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30 Oct 2018 10:09

SIMEC Atlantis Plans New Major Tidal Project On Normandy Coast

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has agreed a joint venture which would see it build what it said would be the largest tidal power project in will work with of

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22 Oct 2018 11:48

SIMEC Atlantis Completes Offshore Operations On MeyGen Phase 1A

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Monday it completed offshore operations in the Phase 1A of its flagship tidal power project MeyGen, located near Scotland.The energy

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24 Sep 2018 11:34

SIMEC Atlantis Loss Widens But Delivers Maiden Revenue In First-Half

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said it generated revenue for the first time in the first half of 2018, but its loss widened after the purchase of Uskmouth power plant

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3 Sep 2018 11:43

SIMEC Atlantis Says Liberty Will Invest GBP15 Million In Welsh Asset

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said Liberty Steel has begun a planned GBP15 million investment in new & upgraded equipment at Newport steel facility, adjacent to

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13 Aug 2018 12:44

Simec Atlantis Energy In Talks For New Conversions To Power-From-Waste

LONDON (Alliance News) - Simec Atlantis Energy Ltd on Monday said it is making good progress on its flagship 220 megawatts power-station conversion project in Uskmouth, Wales.The energy the

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13 Aug 2018 10:01

SIMEC expects Uksmouth plant to be 'prototype' for coal conversions

(Sharecast News) - SIMEC Atlantis Energy expects its flagship Uskmouth power station in Wales to produce first energy by the end of 2020 and then stand as a prototype for a pipeline of coal-power conversions across the globe.

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18 Jun 2018 12:49

SIMEC Atlantis Energy Annual Loss Widens On Uskmouth Acquisition (ALLISS)

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said its loss widened in 2017 as it purchased Uskmouth power station in Wales.The natural resources firm said pretax profit in a

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