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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.

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4 Jan 2023 17:00

LONDON MARKET CLOSE: Miners, oil majors limit gains for FTSE 100

(Alliance News) - The FTSE 100 underperformed on Wednesday, weighed down by oil and mining stocks, but other European indices rallied.

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4 Jan 2023 15:31

United Oil 'disappointed' by latest drilling at Abu Sennan

(Sharecast News) - United Oil & Gas announced the completion of drilling operations on the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt on Wednesday.

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4 Jan 2023 10:36

United Oil & shares fall as Abu Sennan drilling disappoints

(Alliance News) - United Oil & Gas PLC on Wednesday said drilling had failed to find hydrocarbons at the Abu Sennan licence.

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6 Dec 2022 17:11

TRADING UPDATES: Securities Trust of Scotland outperforms benchmark

(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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6 Dec 2022 16:24

United Oil announces spudding of latest Abu Sennan well

(Sharecast News) - United Oil announced the spudding of the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt, on Tuesday.

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24 Nov 2022 12:13

LONDON MARKET MIDDAY: FTSE 100 underperforms; pound continues climb

(Alliance News) - The FTSE 100 index edged into the green by midday on Thursday, while London mid- and small-caps continued to outperform a bit.

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24 Nov 2022 12:10

United Oil & Gas notes Egypt ASH-4 well production rate below goal

(Alliance News) - United Oil & Gas PLC said on Thursday morning that the production of its ASH-4 well in Egypt was below preliminary tests of its average flow rate.

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24 Nov 2022 11:15

AIM WINNERS & LOSERS: UOG well disappoints; Arkle finds pegmatites

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

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15 Nov 2022 13:02

United Oil & Gas gets good flow rate test results for well in Egypt

(Alliance News) - United Oil & Gas PLC on Tuesday announced positive test results for a well in the Abu Sennan concession in the Western Desert of Egypt.

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15 Nov 2022 11:46

United Oil updates market on testing at Abu Sennan

(Sharecast News) - Energy developer and producer United Oil updated the market on testing at the ASH-4 development well in the onshore Abu Sennan licence in Egypt on Tuesday.

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28 Oct 2022 10:31

United Oil expects increased returns on basis of successful well work

(Alliance News) - United Oil & Gas PLC on Friday saw shares jump as its development well at the Abu Sennan licence reached a drilling depth target under budget and according to schedule.

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28 Oct 2022 10:20

United Oil shares jump on latest Abu Sennan drilling

(Sharecast News) - United Oil & Gas updated the market on the drilling of the ASH-4 development well in the Abu Sennan licence, onshore Egypt on Friday, where it holds a 22% non-operating interest in the licence operated by Kuwait Energy Egypt.

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27 Sep 2022 20:25

EARNINGS SUMMARY: S&U, United Oil & Gas profit up; Worldsec sees loss

(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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15 Sep 2022 12:16

United Oil & Gas unable to establish consistent flow at Egyptian site

(Alliance News) - United Oil & Gas PLC on Thursday reported that consistent flow rates "have yet to be established" at its Al Jahraa-14 well.

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5 Aug 2022 14:58

TRADING UPDATES: 4D Pharma warns of wind-up; Star Phoenix files claim

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

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