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Pin to quick picksUnivision Share News (UVEL)

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TRADING UPDATES: Angus Energy exceeds monthly production targets

Wed, 12th Oct 2022 14:39

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

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Angus Energy PLC - oil and gas development company focused on UK assets - Says that hourly throughput rates through its process plant now exceeds its October target production rate of 6 million standard cubic feet per day with well pressures holding in the high forties. Condensate production has stabilised at or around 120 barrels per day. Says side-track planning progresses with an adjustment to spud date to October 24 to 26 from October 20, 2022, in order to accommodate a potential supply chain issue.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Receives gas flare approval for its operated 85% WI Barron Flats Shannon Unit, from Wyoming Oil & Gas Conservation Commission. "This is a great result as it will allow the company to manage increased gas production with associated high working pressures as the miscible bank moves in the injection patterns. In addition, our oil production from the Shannon Unit will increase as production rates have been restricted in certain wells due to these issues," says Chief Executive Arthur Millholland.

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Kistos PLC - London-based energy industry investor with licenses in the Netherlands - Says High Court of Justice of England & Wales approves cancellation of bonus shares issued on Monday and the credit of EUR50.0 million to the company's share premium account. Expects the court order approving the capital reduction, and a statement of capital approved by the court, to be filed with the Registrar of Companies no later than October 22.

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UniVision Engineering Ltd - Hong Kong-based CCTV and surveillance system company - Enters loan agreement with Webright Ventures Ltd to borrow GBP1.4 million. Says the loan will be unsecured, will have a period of three months and an interest rate of 8% per year. Around half the loan will be used as funds set aside ahead of the hearing of the winding-up petition against UniVision, which was announced back in January, and is due to be heard in court in Hong Kong on October 18. Adds that it is still working with its auditors to complete its audit and publish its annual report, after which the company's shares are expected to begin trading on London's AIM.

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Angle PLC - Surrey, England-based medical diagnostics company - Signs distribution agreement with Promedeus SRO to enable and support the roll out of the US Food & Drug Administration cleared and CE marked Parsortix PC1 system across the Czech Republic for its intended use in metastatic breast cancer. Says Promedeus, a part of the Vendeavour Group, a Private Equity fund with a focus on healthcare, has considerable expertise in distributing a range of advanced medical equipment into the Czech hospital and primary care markets with a track record for delivering high quality physician education and customer care. "We are pleased to enter into this agreement with Promedeus and are encouraged by the efforts that the Promedeus team has already made to understand the benefits that the Parsortix system can bring to their oncology focused customer base. They have a strong track record and local knowledge which can help support the development of a new market for Parsortix," says Founder & Chief Executive Andrew Newland.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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UniVision Engineering Promotes Sales & Marketing Head Chan To CEO Role

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5 Sep 2019 13:20

UniVision Engineering Annual Profit Driven By Railway CCTV Contract

(Alliance News) - Hong Kong-based UniVision Engineering Ltd on Thursday reported a sharp rise in annual profit and revenue on the back of a contract to deliver new CCTV cameras at Hong Kong train

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31 May 2019 11:49

Univision sees 'solid' second half despite temporary Government ban

(Sharecast News) - CCTV design and installation firm Univision received official confirmation from the Hong Kong Government Works Branch on Friday that its temporary suspension from tendering for public works contracts had been lifted, with immediate effect.

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31 May 2019 11:47

UniVision Engineering Public Contract Tendering Suspension Lifted

LONDON (Alliance News) - Surveillance systems supplier Univision Engineering Ltd said Friday its temporary suspension from tendering for public works has been lifted with immediate suspension lift

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12 Mar 2019 16:40

UniVision Engineering Shares Higher On Shareholder Loan Agreement

LONDON (Alliance News) - Surveillance systems supplier UniVision Engineering Ltd said on Tuesday it has entered a loan agreement with UniVision Holdings Ltd, which holds a 48% stake in UniVision a

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7 Dec 2018 11:24

UniVision Sees Future Growth Opportunities As Interim Profit Increases

LONDON (Alliance News) - UniVision Engineering Ltd on Friday said its profit multiplied in the first half of its current financial year on improved margin and higher income from construction said

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7 Dec 2018 10:35

UniVision profits boosted by 'transformational contract' with MTRC

(Sharecast News) - CCTV systems outfit Univision saw both profits and revenues soar in the first half of its trading year, driven by a "transformational contract" with MTRC in Hong Kong.

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21 Sep 2018 12:11

UniVision Engineering Appoints Chan Chiu Wah As Executive Director

LONDON (Alliance News) - UniVision Engineering Ltd on Friday said it appointed Chan Chiu Wah as executive director with immediate effect.Chan Chiu Wah joined the security systems company in

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12 Sep 2018 10:54

UniVision Engineering Shares Spike As Revenue Lifted By MTR Contract

LONDON (Alliance News) - Shares in UniVision Engineering Ltd surged on Wednesday as it said that revenue for the first four months of the year trebled.Shares in the closed circuit and were

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12 Sep 2018 09:11

UniVision says trading 'significantly ahead' in first four months

(Sharecast News) - AIM-listed UniVision said on Wednesday that trading in the first four months of the year was "significantly ahead" ahead of the same period a year ago.

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16 Aug 2018 12:31

UniVision Profit Grows But Shares Dive On Contract Tender Suspension

LONDON (Alliance News) - Honk Kong-based closed circuit television and surveillance systems producer UniVision Engineering Ltd said Thursday that its annual revenue grew 17%, mainly driven by the

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16 Aug 2018 10:27

UniVision Engineering shares plummet despite projected impact of major contract

(Sharecast News) - UniVision Engineering saw its shares plummet on Thursday after the company reported that its expected growth "will become more evident" after a full year of contribution from a major new contract.

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