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Pin to quick picksZenith Energy Share News (ZEN)

Share Price Information for Zenith Energy (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.

More News
18 Aug 2022 12:44

IN BRIEF: Zenith Energy posts record electricity profit in Italy

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Updates on electricity production at Torrente Cigno Concession in Italy over July. Produces around 996.5 megawatt hours. Brings in EUR417,000 in revenue on average electricity prices of EUR419 per MWh. Says net production costs remain fixed at around EUR35,000. The month is "the highest profitability" ever achieved in Italy by the firm, it says.

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13 Jul 2022 15:34

IN BRIEF: Zenith Energy plans to reactivate the Sant'Andrea concession

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Says it is finalising plans to reactivate the Sant'Andrea natural gas production concession, onshore Italy, in which it holds a 40% interest through its Italian subsidiary. Production is expected to start in the final quarter of 2022. The concession covers 164.3 kilometres. It was first granted in 1992 and is due to expire in 2027. Two wells have been drilled in the concession, Antonio-1 and Anzano-1. Company intends to reactivate the Antonio-1 well, with an expected initial production rate of 1,300 cubic metres of natural gas a day. Estimated net revenue are expected between EUR40,000 to EUR50,000 per month.

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24 Jun 2022 10:16

IN BRIEF: Zenith Energy returns to production at Robbana in Tunisia

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Confirms that the ROB-1 well at the Robbana concession in onshore Tunisia has returned to production following the installation of a new packer. The well is currently producing at a rate of 30 barrels of oil per day. Company says a production rate between 40 and 50 barrels of oil per day may be achieved once the well is given time to stabilise.

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14 Jun 2022 16:06

IN BRIEF: Zenith Energy eyes increased electricity production in Italy

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Produces a total of 875.6 megawatt hours at its Torrente Cigno concession in Italy during the month of May. Electricity prices during the month averaged EUR223 per megawatt hours, resulting in net revenue of EUR195,000. Zenith adds that its current production costs remain fixed at EUR35,000 per month.

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31 May 2022 20:01

TRADING UPDATES: Cloudbreak signs royalty agreement; TomCo drills

(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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3 May 2022 21:55

TRADING UPDATES: Vela, Standard Life Investments up portfolio value

(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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22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

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22 Apr 2022 11:02

SMALL-CAP WINNERS & LOSERS: Zenith sells Tunisian oil in strong market

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

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4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

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4 Mar 2022 10:52

SMALL-CAP WINNERS & LOSERS: Zenith repays loan; Gore Street buys

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

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2 Mar 2022 21:15

IN BRIEF: Zenith does not renew option to pick up stake in Nobel Hill

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Decides to not renew its option agreement with Noble Hill-Network Ltd for the purchase of a 42% interest in the latter's share capital.

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28 Jan 2022 07:02

IN BRIEF: Zenith Energy to hold 114,000 barrels crude oil in Tunisia

IN BRIEF: Zenith Energy to hold 114,000 barrels crude oil in Tunisia

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24 Jan 2022 19:12

TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals

TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals

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13 Jan 2022 21:12

TRADING UPDATES: Power Metal renewal; Yamana production hits target

TRADING UPDATES: Power Metal renewal; Yamana production hits target

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