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Pin to quick picksZenith Energy Share News (ZEN)

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TRADING UPDATES: 4Global to top forecasts; Nanoco wins deal

Thu, 17th Mar 2022 19:43

(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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4Global PLC - London-based data, services and software for sporting events and the promotion of physical activity - Set to achieve 35% revenue growth in year ending March 31, in line with expectations. Adjusted earnings before interest and tax and adjusted earnings before interest, tax, depreciation and amortisation to top expectations. Market consensus for adjusted Ebit is GBP316,000, while for adjusted Ebitda it is GBP325,000. "The company is also delighted to be awarded a contract to provide assistance with the forthcoming Commonwealth Games in Birmingham this summer. 4GLOBAL is providing support to manage the delivery of security operations for the entire event. This role will provide assurances that the correct planning has been undertaken to date, validating security strategies and testing operational plans," 4Global says. Pact is worth GBP130,000 and will be recognised in financial 2023. Adds: "The company is also pleased to report that it has won a number of licence contracts with both local authorities and operators for the use of 4GLOBAL's Social Value Calculator. The SVC enables leisure providers to measure and provide evidence of the social value created from investment in sport and physical activity enabling clients to calculate and estimate of the monetary value arising from investment."

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Nanoco Group PLC - Manchester-based quantum dots developer - Signs further pact with "important" European electronics customer. Will deliver enhanced and scaled up version of its technology. Now expects revenue for year to July 31 to exceed GBP2.1 million from year earlier. "The revenue from this fourth work package with the customer will contribute to the group's performance in the third quarter of FY22," Nanoco says.

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Ariana Resources PLC - exploration firm with interests in Turkey - Announces 2022 output guidance at joint venture Kiziltepe mine. Gold output of 25,000 ounces expected, 2.5 times larger than feasibility plan for this stage of mine life and up from 20,737 ounces in 2020.

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Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Enters into USD6.0 million unsecured convertible loan facility with consortium of lenders. Facility includes immediate USD2.0 million drawdown. Each drawdown has repayment term of 15 months. Facility carries 9% yearly interest. Zenith issues lenders with 92.1 million share purchase warrants at price of GBP0.012 each.

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Altus Strategies PLC - Didcot, England-based mining royalty company - Reports "further significant gold intersections" from drilling of Diba & Lakanfla gold project in Mali.

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Deepverge PLC - Dublin-based environmental and life science group - Buys engineering services company Glanaco Ltd for GBP1.1 million, GBP650,000 in shares and GBP430,000 in cash. Deepverge also secures mezzanine loan worth up to GBP25 million with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Facility available for up to three years in form of 12-month mezzanine loan notes.

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S-Ventures PLC - AQSE-listed investment firm focused on health & wellness, organic food and wellbeing sectors - Revenue in 16 months to September 30 amounts GBP1.5 million. Pretax loss comes in at GBP1.0 million.

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Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Revenue in six months to December 31 totals USD293,000, down from USD497,000 a year prior. Pretax loss narrows to GBP781,670 from GBP1.1 million. "The main focus was to continue developing the core assets to ensure the strategic intent to transform Castillo Copper into a mid-tier copper group remained on track," Castillo says.

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Argo Group Ltd - London-based alternative investment manager - Revenue in 2021 rises to GBP4.4 million from GBP3.3 million. Pretax profit falls to GBP298,000 from GBP1.7 million. Company posts GBP600,000 loss on investment, swinging from GBP1.5 million gain in 2020.

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Serica Energy PLC - gas producer in UK North Sea - Production from Rhum field restarts, after replacement of faulty component at Rhum Subsea Control Module. "Production from the Bruce field has continued throughout these operations and Serica's other producing fields (Erskine and Columbus) were not impacted by this Rhum issue," Serica says. During Rhum shutdown, net output has been in excess of 15,000 barrels of oil equivalent per day.

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Guild Esports PLC - London-based esports company - Makes Razer its official gaming chair partner in two-year sponsorship pact. "The total contract value, which is confidential, is 80% payable in cash over two years and the balance is payable as value in kind, for which Razer will be providing state-of-the-art gaming chairs for Guild's professional players and content creators globally, along with gaming chairs for the Guild Academy and Guild's headquarters, which will open in London's Shoreditch later this year," Guild says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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28 Feb 2023 16:53

Zenith Energy completes GBP2.3 million fundraising

(Alliance News) - Zenith Energy Ltd on Tuesday said it had completed a GBP2.3 million fundraising in the UK and Norway.

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17 Feb 2023 13:37

Zenith Energy does not win Tilapia contract; begins legal action

(Alliance News) - Zenith Energy Ltd on Friday said that Olive Energy E&P has been awarded a licence to operation the Tilapia oilfield in the Republic of the Congo.

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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

(Corrects that Zenith Energy is based in Canada, not in Scotland.)

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10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

(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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UPDATE: Zenith Energy subsidiary acquires 100% of oil producer

(Alliance News) - Zenith Energy Ltd on Tuesday said its subsidiary Zenith Energy Netherlands BC has agreed to acquire 100% of Yemen-focused oil producer OMV Exploration & Production GmbH's share capital in three companies.

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3 Jan 2023 11:09

Zenith Energy shares jump on sale of subsidiary shares

(Alliance News) - Zenith Energy Ltd on Tuesday said it has concluded a share purchase agreement with Hingbo Industries Company Ltd for the sale of subsidiary shares.

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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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2 Dec 2022 17:10

Zenith Energy progresses Italian concessions on bureaucratic approval

(Alliance News) - Zenith Energy Ltd on Friday said it plans to reactivate certain natural gas production concessions within its Italian portfolio, following the renewed confirmation of its technical and financial capabilities as an operator by the Italian oil and gas authorities.

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30 Nov 2022 11:22

Zenith Energy profit drops after one-off gain; eyes Benin prospect

(Alliance News) - Zenith Energy Ltd on Wednesday reported big fall in profit despite revenue multiplying, after a one-off gain a year before wasn't repeated.

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14 Nov 2022 19:52

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

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

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5 Oct 2022 21:27

TRADING UPDATES: Braveheart Investment ups stake in Aukett Swanke

(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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22 Sep 2022 11:37

Zenith submits offer to Benin government for Seme oilfield license

(Alliance News) - Zenith Energy Ltd on Thursday said that it has made an offer to the government of Benin for the award of an initial nine-year licence to operate Block 1 in the Seme oilfield, offshore Benin.

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22 Sep 2022 11:04

SMALL-CAP WINNERS & LOSERS: Smiths News rises on strong second half

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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2 Sep 2022 11:54

IN BRIEF: Zenith Energy shares rise with record revenue in Italy

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Produces a total of approximately 985.6-megawatt hours in August from the operations at its Torrente Cigno Concession in Italy. Records net revenue of roughly EUR530,000, as electricity prices average EUR538 per megawatt hour. States that the revenue represents a record.

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30 Aug 2022 16:13

TRADING UPDATES: Thor Explorations, Zenith Energy post swing to profit

(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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