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Pin to quick picksTouchstone Exploration Share News (TXP)

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Share Price: 40.50
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TRADING UPDATES: Secure Trust sells debt assets; new Brickability JV

Fri, 11th Mar 2022 12:12

(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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Secure Trust Bank PLC - Solihull, England-based savings accounts and lending services provider - Exits debt purchase market and Debt Managers Services Ltd arm sells portfolio of loans to Intrum AB. Cash sum for deal to be determined by value of loan on deal completion. Gross value of portfolio as of September 30 was GBP84.7 million. Forecast cash consideration should deal be sealed on May 31 in GBP79.7 million.

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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Forms joint venture with La Perla Participaties BV and Harold Kock. JV will be focused on manufacture of clay roof tiles through jointly-owned entity Schermbecker Building Products GmbH. Will operate in Germany. Once fully operational, JV is expected to produce roughly 45,000 tonnes of clay roof tiles per year for distribution markets in UK and Europe. Brickability to hold 50% interest following a EUR500,000 investment.

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Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Expects first half sales to rise 40% annually. Company ends its financial year on September 30. "Earlier this month we were particularly pleased to announce developments in the power generation sector with the first production set of gas turbine blades coated and delivered to Ansaldo Energia. The second set of turbine blades is due to be received later this month and further sets of blades are due to be received throughout this year," Hardide says.

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Oracle Power PLC - London-based power and natural resource project developer with projects focused in Pakistan - Appoints H&P Advisory Ltd as financial adviser and consultant to Oracle in respect to potential green hydrogen project in Pakistan. Company says: "H&P will focus exclusively on the project, providing strategic advisory and financial services to realise its full potential for the benefit of Oracle stakeholders, including the preparation of a valuation model."

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Pembridge Resources PLC - London-based copper-focused mining company - Says Minto Metals Corp makes first repayment to Pembridge for CAD4 million, about GBP million, loan. Minto has paid CAD500,000, with further payment of same amount to be made by end of March.

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Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Secures China Oilfield Services Ltd Nh9 drill rig for Jade well at Block 29/11 permit, offshore China. On Monday, company said China Oilfield completed well site survey required over Jade prospect drilling location.

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UK Oil & Gas PLC - London-based oil and gas company focused on operations in the UK - Updates on appeal process for Loxley gas project consent. An inspector submits report to UK Secretary of State to assist in ruling. "The planning inspectorate has also advised that they expect the SoS to issue his decision on or before 7 June 2022," UK Oil adds. In January, UK Oil said its appeal against Surrey County Council's refusal to consent for Loxley project was recovered by central government.

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Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Says Trinidad & Tobago approves five-year extension of exploration period for Ortoire Licence to July 31, 2026. Touchstone must drill three well to minimum depths of 6,000 vertical feet before end of term. "The three exploration wells are in addition to the five previous wells drilled to date on the property. Similar to the previous minimum work program, we will be responsible for 100% of the drilling, completion and testing costs for the three additional exploration wells," company adds.

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Getech Group PLC - Leeds, England-based provider of geoscience data - Says subsidiary H2 Green Ltd lands deal with Highland Council in Scotland for creation of regional network of green hydrogen hubs. "This infrastructure will accelerate the decarbonisation of the Highlands council area, the largest administrative unit in the United Kingdom covering almost a third of Scotland," Getech says. Highland Council will contribute initial GBP100,000.

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Brandshield Systems PLC - London-based cybersecurity solutions provider - Reports findings from "disruption programme" undertaken alongside Pharmaceutical Security Institute. Duo had aim of "monitoring, detecting, and removal of online threats". "Over the 12-month period, BrandShield took down over 850 rogue pharmacies across websites and social media, 4,000 social media posts, and more than 14,000 fraudulent marketplace listings, where a minimum estimated value of USD1.8 million of counterfeits was removed," company says. On Monday, Brandshield said it secured a new client in online gaming field. Brandshield was picked to reduce risks of social media impersonation, phishing sites, online traffic diversion and trademark infringements.

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Good Energy Group PLC - London-based renewable energy supplier - Says Zap-Map teams with UK car breakdown cover specialists RAC. Tie-up will allow RAC members to get their electric vehicles charged "as quickly as possible".

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Sure Ventures PLC - London-based investment and venture capital company - Says AI investee Getvisibility seals EUR10 million funding round. Raises new equity from venture capital firms Alpha Intelligence Capital and Fortino Capital. Existing investors, Sure Ventures included, also participate. Sure invests EUR310,773. Pires Investments PLC, meanwhile, invests EUR50,000. Pires made original Getvisibility investment of EUR250,000 in March 2020.

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One Media iP Group PLC - digital music rights acquirer - Acquires licensor's share of the royalties to the Orbital Digital Ltd catalogue of rights. Catalogue includes "several thousands of recordings". "The catalogue ranges from classical through to Dance/Hip Hop and features a wide range of artists such as; Jose Carreras, Jo Jo Adams, Kool & the Gang, Irish Tenor Trio, Alexandra O'Neal, Joe Strummer, Sid Vicious, Chic, Lee Perry, The Lambrettas, Dread Filmstone, Sex Pistols, Suketu, Col Abram, Psy-Co-Billy, Rachel Porter's all female Orchestra, Ebn ozn," One Media says.

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DP Eurasia NV - master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Says there has been no material disruption to its operations so far. "Trading from its 188 stores in Russia continues, and the group remains dedicated to the communities it serves," it asserts. DP Eurasia does, however, say it felt it is "prudent" to limit any further investment into its operations. It also has suspended royalty payments from its Russian operations. Will continue monitoring situation and provide further update with annual results, set to be published on April 5.

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Belvoir Group PLC - Lincolnshire, England-based residential property lettings and sales company - Acquires Mr and Mrs Clarke Ltd for GBP200,000. MMC is a concierge-style personal estate agency which has a network of 10 licensed partners, mostly based around Warwickshire, South Wales, the Midlands and North London in England.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Apr 2024 20:03

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

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10 Apr 2024 10:56

IN BRIEF: Touchstone hails successful results from Trinidad well drill

Touchstone Exploration Inc - Canadian-based oil and gas exploration company - Says the Cascadura-2 delineation well in Trinidad and Tobago was drilled to a total depth of 8,252 feet, with open hole logs and drilling data indicating a total sand thickness of approximately 900 feet in the targeted Herrera formation. Says that the Cascadura-3ST1 well has been cased, and production testing is scheduled to start in the third quarter of 2024 directly into the Cascadura natural gas facility. Chief Executive Officer Paul Baay said: "We are pleased with the successful results from the two delineation wells at Cascadura, with both wells demonstrating the quality and scale of the structure. In addition, the Cascadura-3ST1 well is the first to cross the C-fault to the east side of the structure, an area where reserves have not been previously assigned. The CO-374 development well is also noteworthy, as it has the highest net pay we have observed to date on our crude oil legacy blocks."

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

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

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4 Mar 2024 19:06

TRADING UPDATES: StreaksAI CEO Blows resigns, replaced by chair

(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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1 Mar 2024 18:29

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(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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8 Feb 2024 10:52

IN BRIEF: Touchstone shares jump on Cascadura-2 drilling results

Touchstone Exploration Inc - Canadian-based oil and gas exploration company - Says the Cascadura-2 delineation well in Trinidad and Tobago was drilled to a total depth of 7,132 feet. The Cascadura-2 well is currently being cased, and production testing is scheduled to commence in the third quarter of 2024 directly into the Cascadura natural gas facility. "The encouraging Cascadura-2 delineation well drilling results represent a great start to 2024. Cascadura-2 has proved up the concept of highly productive sands extending significantly to the east of our initial Cascadura discovery. We estimate that the well was drilled for under USD6 million on a gross basis, which further enhances the economics of this prolific hydrocarbon fairway. With this new data point, we can design a multi-year drilling program to fully develop the structure," says Chief Executive Paul Baay.

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8 Feb 2024 10:11

AIM WINNERS & LOSERS: Sanderson falls as revenue and profit down

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

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19 Dec 2023 11:53

Touchstone Exploration drops after announcing bold 2024 capital budget

(Alliance News) - Touchstone Exploration Inc shares dropped on Tuesday following the release of its 2024 budget guidance.

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19 Dec 2023 10:12

AIM WINNERS & LOSERS: Tertiary Minerals signs earn-in for Konkola West

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

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14 Nov 2023 16:48

Touchstone Exploration third-quarter sales and production grow

(Alliance News) - Touchstone Exploration Inc on Tuesday said production surged in the third quarter as sales also rose.

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26 Oct 2023 15:04

Director dealings: Touchstone Exploration CEO makes share sale

(Sharecast News) - Touchstone Exploration revealed on Thursday that chief executive Paul Baay had offloaded 131,000 shares in the AIM-listed exploration and development firm.

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3 Oct 2023 11:11

Director dealings: Everyman non-exec linked to buy, Touchstone chair sells shares

(Sharecast News) - Two transactions were disclosed to the market on Tuesday involving directors at Everyman Media Group and Touchstone Exploration, traded on the London Stock Exchange and the Toronto Stock Exchange, respectively.

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18 Sep 2023 15:15

IN BRIEF: Touchstone Exploration hails Cascadura output at Ortoire

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Says recently commissioned Cascadura facility on the Ortoire block onshore Trinidad & Tobago achieves forecasted gross natural gas output rate of 60 million cubic feet per day last week Friday. Touchstone owns 80% operating working interest in the Cascadura field, with Petroleum Co Ltd owning the remaining 20%.

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7 Sep 2023 17:04

TRADING UPDATES: Corcel spuds well; Touchstone celebrates production

(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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24 Aug 2023 15:53

Touchstone completes five-phase testing at Royston well

(Sharecast News) - Touchstone Exploration announced the completion of its five-phase production testing at the Royston-1X well on Thursday.

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