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Pin to quick picksSavannah Energy Share News (SAVE)

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TRADING UPDATES: Longboat Energy extends loan for drilling programme

Tue, 13th Dec 2022 16:50

(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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Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Adds coin cell supercapacitors to its product portfolio, replacing button cell batteries and the battery holder to provide real-time clock back-up power. Says the 5.5 volt coin cell supercapacitors have quick response and recharge times, and offer higher power than batteries and greater energy density than aluminium electrolytic capacitors.

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React Group PLC - Birmingham, England-based cleaning, hygiene and decontamination firm - Says LaddersFree cleaning business reported turnover of over GBP1.0 million in the three months to August 31. Its hygiene & maintenance division is "performing well", and the emergency & decontamination division has continued "strong recovery" seen in the second half of financial 2022. Says trading in the last three months of financial 2022 and into the current financial year has been strong, with all divisions continuing to win a range of business providing positive margin contribution and cash generation.

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Longboat Energy PLC - London-based North Sea-focused exploration and production company - Extends exploration finance facility loan with its lending banks to NOK800 million, around GBP65 million, from NOK600 million to finance Longboat's drilling programme in 2023 and beyond. Current drawings under the facility will be repaid fully from its Norwegian tax rebate due in November 2023. New terms extend the availability period to the end of 2024. Delivered a five well Norwegian exploration programme in-line with forecast expenditure, and estimates its year-end 2022 cash position to be around GBP9 million.

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Shield Therapeutics PLC - Gateshead Quays, England-based commercial-stage pharmaceutical firm - Raises USD18.5 million equity fundraise after placing and subscribing shares to raise GBP14.7 million in aggregate at 6.00 pence per share. Makes an open offer to qualifying shareholders of up to 64.4 million new shares at the issue price to raise a further GBP3.9 million. Extends existing convertible shareholder loan facility with shareholder AOP Health International Management AG by USD10.0 million. AOP subscribed for 68.6 million new shares, representing 97.7% of the existing issued ordinary share capital of Shield Therapeutics.

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Savannah Energy PLC - Africa-focused energy company - Says its acquisition of ExxonMobil's interest in the Doba fields and the Totco Pipeline completed on December 9 was conducted in "full conformity" with the requirements of the governing documents and the applicable law.

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Caerus Mineral Resources PLC - copper miner in Cyprus - Enters into an exclusive option agreement with EV Metals Group PLC to acquire 90% of its Riwaq Al Mawarid for Mining subsidiary. Says the deal forms its strategy to invest in larger-scale opportunities through its partnership with EV Metals. Caerus to pay a fully-refundable GBP500,000 deposit in return for an extendable three-month due diligence period of Riwaq's portfolio. The final transaction value is dependent on the Caerus's assessment of the Riwaq licences and a final negotiation stage.

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Atlantic Lithium Ltd - African-focussed lithium exploration and development company - Awards a contract for the processing plant Front-End Engineering Design for the Ewoyaa Lithium Project in Ghana, West Africa to engineering firm Primero Group, a subsidiary of NRW Holdings Ltd. Says the contract is worth USD980,000 which will be paid in accordance with the three-stage earn-in agreement Atlantic Lithium has with Piedmont Lithium Inc to fund the project towards production.

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By Jaskeet Briah, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

(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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27 May 2022 21:25

TRADING UPDATES: Savannah Energy to develop new projects in Chad

(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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22 Apr 2022 16:14

Savannah Energy subsidiary increases Nigeria gas supply deal

(Sharecast News) - Africa-focussed Savannah Energy announced on Friday that its 80%-owned subsidiary Accugas has signed an addendum to its existing interruptible gas sales agreement with First Independent Power (FIPL), originally signed in January 2020.

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22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

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29 Mar 2022 18:23

IN BRIEF: Savannah Energy signs deal to build first wind farm in Niger

Savannah Energy PLC - London-based energy company focused on Africa - Signs agreement with Niger's government for the construction and operation of the country first wind farm, which will have an installed power generation capacity of up to 250 megawatts in Tahoua, Southern Niger.

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1 Mar 2022 19:19

IN BRIEF: Lekoil Nigeria hits out Lekoil deal with Savannah

Lekoil Ltd - London-based oil and gas exploration and production company with projects focused in Nigeria and West Africa - Shareholders Lekoil Nigeria speaks out against proposal between Lekoil and Savannah Energy PLC, where a convertible facility agreement was signed on Monday for Savannah to provide a GBP900,000 loan, repayable on Wednesday and bears 5% per annum interest.

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21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

(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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24 Jan 2022 19:12

TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals

TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals

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17 Jan 2022 16:10

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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31 Dec 2021 07:44

LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

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30 Dec 2021 18:11

IN BRIEF: Savannah raises USD65 million in oversubscribed placing

IN BRIEF: Savannah raises USD65 million in oversubscribed placing

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30 Dec 2021 16:53

IN BRIEF: Savannah plans USD65 million placing to fund acquisitions

IN BRIEF: Savannah plans USD65 million placing to fund acquisitions

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24 Dec 2021 13:04

IN BRIEF: Savannah plans to publish admission document by year's end

IN BRIEF: Savannah plans to publish admission document by year's end

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20 Dec 2021 21:59

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

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13 Dec 2021 18:00

Savannah to buy Chad, Cameroon assets of Exxon Mobil and Petronas

Savannah to buy Chad, Cameroon assets of Exxon Mobil and Petronas

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