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TRADING UPDATES: Voyager Life pulls out of Polish deal with Goodbody

Tue, 04th Jul 2023 16:42

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

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San Leon Energy PLC - Dublin-headquartered oil and gas company focused on Nigeria - Announces update in relation to the proposed transactions with Midwestern Oil & Gas Company Ltd and the company's further conditional investments in Energy Link Infrastructure Ltd. Says all longstop dates in relation to the transaction have been extended to July 31. Continues to believe the deal has the potential to be transformational but is mindful of the recent legal challenge by NNPC Ltd and OML 18 Energy Resource Ltd and the uncertainty that this will cause. Explains the extension of the longstop dates will enable the board to continue to keep these developments under review. Further, says talks in relation to securing an alternative USD50 million loan facility to be applied towards the transaction continue. This would satisfy working capital requirements and enable payment of unpaid creditors. Remains optimistic conclusion will be reached. Given company is not in a position to publish accounts for the year to December 31, 2022, shares have been suspended, effective July 3.

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Supply@Me Capital PLC - fintech platform - Announces the completion of commercial agreements for the first inventory monetisation using traditional funding sources. Follows statement in June that it had secured a binding commitment from an institutional investor to invest in the first UK IM transactions up to GBP5 million. Notes under this agreement the commitment provided by the investor will be used by Supply@ME to monetise up to GBP1.8 million of warehoused goods of a UK client company, which provides parts and technology to the global marine industry. Expects average annual fees to be invoiced by the company to equate to around 3% of the gross value of the inventory monetised.

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Eight Capital Partners PLC - capital market company - Announces delay to the publication of its audited accounts for the year to December 31, 2022. As a result, requests temporary suspension of trading in its shares effective July 3. Delay has arisen as a result of a decision to reclassify the accounting treatment of its 1AF2 Ltd Sec Bonds 21-24 fixed rate bonds.

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Power Metal Resources PLC - metals exploration company - Announces the initiation of a consulting agreement with Jasper Consult DMCC, a London and Dubai based strategic consultant. Believes that the relationship with Jasper Consult creates an opportunity to build a new exploration asset base in the region.

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Bank of Cyprus Holdings PLC - Nicosia-based lender - Purchases a further around EUR7 million of outstanding capital securities as part of group's ongoing active management of its capital position and liabilities. Follows announcement in June to purchase all of its EUR220 million fixed rate reset perpetual additional Tier 1 capital securities callable in December 2023.

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Voyager Life PLC - Perth, Scotland-based health and wellness company supply cannabidiol, hemp seed oil and hemp-related products - Terminates agreement in relation to the acquisition of an extraction and manufacturing facility in Poland, which was to be bought from Goodbody Health Ltd. Explains legal advice, which was expected to be a formality to complete the deal, remains ongoing without any certainty of timing for conclusion. Operational control has returned to Goodbody. Points out Polich unit had been loss-making so relinquishing the business has provided greater funding capacity for the expansion of Voyager's core UK operations.

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Egdon Resources PLC - Gloucestershire, England-based oil and gas explorer and producer - Says a court meeting and general meeting approved all resolutions relating to the scheme in place to facilitate the recommended acquisition by Petricho.

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Codex Acquisitions PLC - special acquisition company - Reports loss for the year to December 31 of GBP237,122 multiplied from GBP30.315. Loss per share totalled GBP0.04 compared to GBP0.06. No dividend was paid. Says will continue to seek a suitable reverse takeover.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
5 Aug 2013 09:09

San Leon completes first stage of Rogity-1 well in Poland

San Leon's shares rose after announcing the completion of its first vertical fracture stage in the Rogity-1 well on the Braniewo S Concession in Poland's northern Baltic Basin. The first stage was performed in the oil-bearing, tight Cambrian quartzite sandstones at the bottom of the well as part of

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3 Jul 2013 08:50

San Leon surges on successful well fracture

Shares in San Leon Energy surged after the oil and gas company said it had successfully completed the hydraulic fracture of a well in the Baltic Basin. San Leon said United Oilfield Services completed the operation on Tuesday at the Lewino-1G2 well in Gdansk W Concession. The operation achieved a

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28 Jun 2013 12:49

San Leon looks forward to successful 2013 after full year profits fall

San Leon Energy struck an upbeat tone on its outlook for 2013 as it reported a drop in full year profits. The oil and gas explorer reported revenues rose to €1.37m in 2012 from €1.04m, but pre-tax profits fell to €0.47m from €15.6m. Its results in 2011 were boosted by a €22m gain from the sale of

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17 Jun 2013 13:49

San Leon Energy obtains approvals for Baltic Basin well

AIM-listed specialist oil and gas company San Leon Energy has reported that all necessary approvals have been obtained to perform hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin. The company said that mobilisation would commence shortly, and operations woul

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30 May 2013 11:20

San Leon discovers frackable rock in Polish well

Poland-focused San Leon Energy has uncovered rock formations at a Polish exploration well that are akin to the bounteous Bakken Formation in North America. A successful stimulation test on the Czaslaw-1 well in the Nowa Sol licence in Poland indicated that the rock formation would yield hydrocarbo

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20 May 2013 11:11

San Leon's Exploration Director resigns

San Leon Energy's Exploration Director John Buggenhagen is stepping down after four years on the board. Buggenhagen has decided to return to the US to pursue new opportunities. He will be leaving the company but will continue to offer advice on strategic decisions. Two explorations managers in

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8 May 2013 14:29

San Leon regains ownership of Baltic Basin concessions from Talisman Energy

AIM-listed oil and gas producer San Leon has regained 100 per cent ownership of the Gdansk W and Braniewo S concessions, and increased its interest to 50 per cent in the Szczawno concession in Poland's Baltic Basin, an update from the company has shown. In February 2010, the company reported that

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29 Apr 2013 14:05

San Leon Energy secures two licences in Spain

San Leon Energy has been awarded two further Spanish onshore exploration licences. The company secured a grant for the Aquiles licence, totalling 252,929 acres in Zaragoza, and for the Cronos licence which includes 239,596 acres in the Almazan Basin. The two licences, which have been granted for

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19 Apr 2013 12:58

San Leon shares rocket on gas and oil recovery in Poland

Shares in oil and gas producer San Leon Energy leapt by almost a third on Friday after the company revealed natural gas and light oil were recovered from the Czaslaw-1 well in its Nowa Sol Concession in Poland. The firm said recent measurements of the well have shown that the well is building pres

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18 Mar 2013 11:23

San Leon Energy's shares surge on MoU with Halliburton Company

San Leon Energy said on Monday it has signed a memorandum of understanding with Halliburton Company Germany GmbH to develop gas projects in Poland. The possible joint venture will explore the gas potential of San Leon's Wschowa, Gora, and Rawicz concessions. Under an agreement, San Leon would co

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7 Feb 2013 10:10

New entrants request access to San Leon data room

AIM-listed oil and gas exploration company San Leon has unveiled estimates for the Alban Structure located in the area known as the 'Durresi Block' in offshore Albania, an operational update has disclosed. The company estimated that prospective resources of 3.2trn cubic feet of gas and 145m of barr

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4 Feb 2013 09:19

San Leon reports positive findings in Tarfaya Oil shale

Specialist oil and gas company San Leon has reported positive findings from a study conducted at its Tarafaya Oil Shale, an operational update issued by the company on Monday has disclosed. The company, which commissioned Enefit Outotec Technology (EOT) to conduct an initial study of the Tarafaya O

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31 Jan 2013 12:48

San Leon Energy receives approval on Morocco farm-out agreement

San Leon Energy on Thursday said authorities approved the assignment of interest in the Foum Draa offshore licence in Morocco as part of the oil company's farm-out agreement with Cairn Energy. Cairn has assumed operatorship of the block and plans to drill an exploration well. The company purchased

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28 Dec 2012 16:35

London close: Stocks finish lower ahead of US budget talks

Markets finished firmly in negative territory on Friday afternoon as investors showed concern with just a few days left before the fiscal cliff deadline. President Barack Obama has called a meeting with congressional leaders today in which they are expected to draw up a piece of legislation to be s

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28 Dec 2012 11:29

London midday: Stocks drop into the red as 'fiscal cliff' looms

After a strong start, markets across Europe dipped into the red by midday with the US fiscal cliff continuing to dominate market sentiment. "We are now just over three days away from the so-called 'fiscal cliff' and after many months of posturing and political bravado, the US has run out of time,"

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