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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
18 Jul 2023 10:36

United Oil & Gas shares fall as half-year revenue falls on cheaper oil

(Alliance News) - United Oil & Gas PLC on Tuesday said revenue fell in the first half of the year due to a lower realised oil price per barrel and lower production in Egypt.

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1 Jun 2023 12:07

IN BRIEF: United Oil & Gas hails 'successful' ASD-3 well test in Egypt

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and UK - Announces update on testing of ASD-3 development well in Abu Sennan licence onshore Egypt. Says 12.5 metres of net oil pay interpreted across the primary Abu Roash reservoir targets. 730 barrels of oil per day gross were achieved on a test from the Abu Roash E reservoir, and 684 bopd gross from the Abu Roash C reservoir. "This result has positive implications for the in-place volumes and future potential of the ASD Field," firm says.

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31 May 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 1 June 
Ecofin US Renewables Infrastructure Trust PLCAGM
Martin Currie Global Portfolio Trust PLCAGM
Middlefield Canadian Income PCCAGM
Northcoders Group PLCAGM
PageGroup PLCAGM
Rurelec PLCGM re Argentinian interest sale to Verafont, Basic Energy, & Esteban Reynal
Tanfield Group PLCAGM
Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 May 2023 12:07

United Oil & Gas extends long stop date of North Sea licence sale

(Alliance News) - United Oil & Gas PLC on Thursday said it has agreed to extend the long stop date of its sale of the UK Central North Sea Licence P2519 to Quattro Energy Ltd.

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27 Apr 2023 18:24

EARNINGS SUMMARY: Brave Bison profit multiplies, Novacyt loss widens

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

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17 Apr 2023 12:10

IN BRIEF: United Oil & Gas extends longstop date of asset licence sale

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Extends longstop date for the sale of UK Central North Sea licence P2519, which contains the Maria discovery in block 15/18e, to Quattro Energy Ltd. New longstop date is May 17, extended from April 16, to allow additional time for the asset purchase agreement conditions required for completion to be satisfied. Says a further update will be provided to the market in due course.

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17 Apr 2023 12:05

IN BRIEF: United Oil & Gas extends longstop date of asset licence sale

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Extends longstop date for the sale of UK Central North Sea licence P2519, which contains the Maria discovery in block 15/18e, to Quattro Energy Ltd. New longstop date is May 17, extended from April 16, to allow additional time for the asset purchase agreement conditions required for completion to be satisfied. Says a further update will be provided to the market in due course.

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4 Apr 2023 11:38

United Oil jumps on progress at Egypt's Abu Sennan

(Sharecast News) - United Oil & Gas updated the market on its operations in the Abu Sennan licence onshore Egypt on Tuesday, in which it holds a 22% non-operating interest alongside operator Kuwait Energy Egypt.

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4 Apr 2023 11:26

United Oil & Gas shares jump on well spud at Abu Sennan in Egypt

(Alliance News) - United Oil & Gas PLC on Tuesday said that operations at the Abu Sennan licence are progressing well, as drilling begins at the ASD-3 development well.

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4 Apr 2023 10:24

AIM WINNERS & LOSERS: Light Science shares plummet on fundraise

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

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21 Mar 2023 10:57

United Oil & Gas begins production at ASH-8 development well in Egypt

(Alliance News) - United Oil & Gas PLC on Tuesday said it has commenced production at the ASH-8 development well in the Abu Sennan licence, onshore Egypt.

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28 Feb 2023 14:33

TRADING UPDATES: Celsius hails MCB assays; Brandshield revenue rises

(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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27 Jan 2023 21:13

TRADING UPDATES: Flowtech revenue up; Velocys meets expectations

(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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17 Jan 2023 21:40

TRADING UPDATES: Future Metals in JV; Gunsynd sells stake in investee

(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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13 Jan 2023 08:16

United Oil & Gas says resources audit shows value of Maria discovery

(Alliance News) - United Oil & Gas PLC on Thursday announced the results of an independent contingent resources audit conducted by Gaffney, Cline & Associates Ltd for its Maria discovery in the UK central North Sea.

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