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Share Price: 0.225
Bid: 0.21
Ask: 0.24
Change: 0.015 (7.14%)
Spread: 0.03 (14.286%)
Open: 0.21
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TRADING UPDATES: Block Energy ups production; SEEEN wins new customers

Fri, 08th Apr 2022 21:57

(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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SEEEN PLC - London-based video editing platform - Wins further three customers. The first agreement is with US sports league A7FL Sports League and will see SEEEN drive all videos from the start of its new season on A7FL's website using CreatorSuite as well as give access to SEEEN's YouTube optimisation services. Second its with a unnamed UK financial markets publisher to drive videos to its website. Final agreement is with an unnamed US web publisher to join the company's multi-channel network.

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Block Energy PLC - London-based oil and gas company focused in Georgia - Reports a production of 46.1 million barrels of oil equivalent in the first quarter of 2022, up 33% from 34.6 million barrels of oil equivalent in the final quarter of 2021. Revenue in the quarter, however, drops 7.4% to USD2.4 million from USD2.6 million in the fourth quarter of 2021. Says production was impacted due to well WR-38Z being off-line.

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Mast Energy Developments PLC- London-based developer of reserve power generations plants - Says it is in the process of finalising a proposed acquisition of a 7 megawatt construction-ready synchronous gas reciprocating site. Decides to prioritise and fast-track the acquisition. Once complete, company expects production capacity of 25.4 megawatts. Also in process of finalising an equipment purchase agreement for synchronous gas reciprocating engines and associated equipment with 10.5 megawatt electricity generating capacity to fast-track electricity production at the site. Considering the re-purposing of Rochdale project and will investigate the feasibility to convert Rochdale into a battery-only site.

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United Oil & Gas PLC - Dublin-based oil and gas company with assets in Egypt, the UK, Italy and Jamaica - Receives approval from the Ministry of Ecological Transition in Italy for the transfer of ownership of United Oil & Gas Italia SRL to Prospex Energy PLC. The agreement was signed in August 9 for a total consideration of EUR2.2 million.

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AdEPT Technology Group PLC - London-based information technology provider - Reports "strong finish" to the year ended March 31 despite challenges arising from the pandemic, in particular supply chain disruption. Expects revenue and adjusted earnings before interest, tax, depreciation and amortisation to be broadly in line with current market forecasts. Adds over 100 new customers in the year. Looking forward, company expects supply chain issues to continue and "unavoidable" additional operating costs. Remains confident in long-term market opportunity.

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Belluscura PLC - London-based medical device developer - Wins distribution and pricing agreement code from the US Defense Logistics Agency through its distribution partner Lovell Government Services Inc. The US DLA procures items from manufacturers and suppliers and provides them to the Department of Defense and other federal and state customers. Chief Executive Robert Rauker says: "Receiving the DAPA code opens up a significant sales opportunity for the X-PLOR as it is now available through the DLA system which includes the military installations, military hospitals and other federal and state agencies serviced by the DLA."

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
2 Jan 2024 13:58

United Oil optimistic as completes tests at ASD S-1X exploration well

(Alliance News) - United Oil & Gas PLC on Tuesday said it has completed testing at the ASD S-1X exploration well on the ASD South prospect in the Abu Sennan licence in onshore Egypt.

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23 Nov 2023 12:25

United Oil hires interim CFO but loses Jamaica licence partner

(Alliance News) - United Oil & Gas PLC shares plummeted on Thursday after it said a potential partner pulled out of discussions regarding the Walton Morant licence in Jamaica.

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23 Nov 2023 11:49

LONDON MIDDAY: FTSE 100 edges lower despite boost from oil stocks

(Alliance News) - The FTSE 100 in London was down at midday on Thursday, despite getting a boost from oil stocks.

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23 Nov 2023 10:58

AIM WINNERS & LOSERS: Jersey Oil & Gas agrees farm-out at Buchan

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

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14 Nov 2023 13:55

IN BRIEF: United Oil says CFO Dunne to leave next year and join daa

United Oil & Gas PLC - oil and gas company focused on Egypt and Jamaica - Chief Financial Officer Peter Dunne announces intention to step down and leave company to become CFO at Dublin airport owner daa PLC. United expects Dunne to leave during the first quarter of 2024. Search process for new CFO commences with immediate effect; company will name an interim CFO "in due course". Dunne will remain available "over the coming months" to ensure a smooth transition. He was hired as CFO in early May 2022, moving from the same role at West Africa-focused Boru Energy Ltd. Previous roles include finance director at Origin Enterprises PLC. "I have thoroughly enjoyed my time at United working alongside such a strong team...I look forward to seeing continued progress being made in Jamaica and Egypt," Dunne comments.

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

(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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1 Nov 2023 13:04

United Oil terminates asset purchase deal with Quattro Energy

(Sharecast News) - United Oil & Gas announced the termination of its asset purchase agreement with Quattro Energy on Wednesday.

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1 Nov 2023 11:12

United Oil & Gas terminates North Sea deal with Quattro Energy

(Alliance News) - United Oil & Gas PLC on Wednesday said it has terminated its asset purchase agreement with Quattro Energy Ltd.

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1 Nov 2023 10:39

AIM WINNERS & LOSERS: UOG falls as terminates Quattro North Sea deal

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

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4 Oct 2023 16:16

IN BRIEF: United Oil & Gas extends long stop date for UK licence sale

United Oil & Gas PLC - oil and gas company focused on Egypt, the UK and Jamaica - Extends the long stop date of the asset purchase agreement with Quattro Energy Ltd to October 27. Asset purchase relates to the conditional sale of the UK Central North Sea Licence P2519 which contains the Maria discovery in Block 15/18 to Quattro.

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28 Sep 2023 11:47

United Oil & Gas first half profit falls on declining revenue

(Alliance News) - United Oil & Gas PLC on Tuesday said profit fell in the first half of 2023 as revenue also fell, while it plans further exploration work in the future.

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22 Aug 2023 14:25

IN BRIEF: United Oil & Gas Chief Operating Officer Leather steps down

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Says that Chief Operating Officer Jonathan Leather has notified the board of his intention to step down from his role, and as an executive director, as of August 31. Notes that while Leather will step back from day-to-day operational activity, given the status of the Jamaica farmout process, he will continue to provide support on a consultancy basis.

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8 Aug 2023 11:39

United Oil & Gas extends long stop date for sale of licence to Quattro

(Alliance News) - United Oil & Gas PLC on Tuesday said it extended the long stop date of a planned licence sale.

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1 Aug 2023 14:26

TRADING UPDATES: MaxCyte strikes deal; Barkby sells Workshop

(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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18 Jul 2023 11:03

AIM WINNERS & LOSERS: Pelatro reports customer payment delays

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

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