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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: BATM reports Edgility progress, Rambler starts sale

Mon, 17th Apr 2023 19:43

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

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Schroder UK Public Private Trust PLC - investment trust geared to investing in a diversified global portfolio of private and public equity companies - Reports net asset value fell 41% to 28.52 pence at December 31 from 48.08p in the previous year. Explains performance was primarily driven by the fall in the share price of its largest holding, Oxford Nanopore and other legacy private investments including Rutherford, BenevolentAI and Atom Bank. Highlights progress in tilting portfolio towards venture, growth or life sciences, with new six new private investments made in 2022.

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Harland & Wolff Group Holdings PLC - infrastructure projects operator whose assets include a shipyard in Belfast - Shares findings of the large-scale hydrogen concept study by Atkins, in connection with its Islandmagee Gas Storage Facility that was initiated last year. Report states hydrogen can be stored in salt caverns and withdrawn to a hydrogen grid when required. Notes additional capital expenditure would be required to integrate hydrogen compression, dehydration, and cooling into the gas storage facility of around GBP168 million. Company believes the findings takes it one step further in future proofing the project.

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Bluebird Merchant Ventures Ltd - South Korea-focused gold development company - Needs to provide further detail as part of application for Mountain Temporary Use Permits at Kochang and Gubong mines. Notes a requirement to provide within 90 days measures to reduce the risk of environmental impact and to conduct a successful wider community consultation and gain of support beyond the immediate area. Suggests this brings local politics into play over which the company has no part. Believes it has more than adequately covered these aspects already. Separately, announces repayment of all outstanding loans meaning the company is debt free and has sufficient funding for the next 12 months based on its current plan.

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Thor Energy PLC - US and Australia-focused uranium and energy metals resource company - Announces results from the Ambient Noise Tomography survey at the Alford West Project, South Australia, by 30% owned EnviroCopper Ltd. Reports the ANT survey successfully delineates the weathered "trough" like structures that host oxide copper-gold mineralisation within the Alford Copper Belt. States the findings will be integrated with historical drilling data to generate a new drilling programme, targeting higher-grade oxide copper-gold mineralisation. Adds future drilling will be focused on areas with low-density contrast which have been shown to host oxidised copper mineralisation.

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BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Announces that the first enterprise deployment of its Edgility edge computing and virtual networking solution is ahead of schedule. Reports initial launch with Cemex has been a success and a global rollout is now targeted for completion this year thereby accelerating the group's revenue recognition under this contract. Reports excellent progress under contract with CityFibre with further orders expected. Moti Nagar, Chief Executive Officer of BATM said: "Revenue from Edgility in the first quarter of 2023 almost equalled that generated for the whole of 2022, and we remain on track for significant growth in our sales of Edgility this year."

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Zenith Energy Ltd - Calgary, Canada-based energy company with production, exploration and development assets in Africa and Europe - Reports all resolutions were passed at AGM held on April 14. In addition, confirms it is currently performing the necessary legal and technical work for the finalisation of a Production Sharing Contract for the Seme oilfield, offshore Benin.

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NB Distressed Debt Investment Fund Ltd - Guernsey-incorporated closed-ended fund invests in distressed, stressed and special situations investments - Announces USD8.15 million in further capital distributions for the Extended Life and GBP2.17 million for the New Global share classes. Explains the distributions result from the successful finalisation of the Buffalo Thunder notes restructuring which generated cash proceeds that are available for distribution.

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Rambler Metals & Mining PLC - Owner of Ming copper-gold mine in Baie Verte, Newfoundland and Labrador - Reports Rambler Metals and Mining Canada Ltd has started a sale and investment solicitation process for the Rambler Group to be conducted by Grant Thornton. The process will be conducted in the context of ongoing proceedings under the Companies' Creditors Arrangement Act. Interested parties should submit offers by May 19. Company stresses there can be no assurance with respect to the levels of recovery, if any, for unsecured creditors or shareholders.

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Angle PLC - Surrey, England-based medical diagnostics company - Announces the presentation of a poster at the American Association for Cancer Research annual meeting, in Orlando, Florida, between Friday last week and Wednesday this week. Explains the poster demonstrates the feasibility of combining immunofluorescent and HER2 fluorescence in-situ hybridization analysis with circulating tumour cells harvested using the Parsortix system. Additionally, points out the study demonstrated the successful isolation of CTCs from the blood of metastatic breast cancer patients using the Parsortix system. Notes the analytical sensitivity and specificity of Angle's portrait flex assay for HER2 protein expression detection were both greater than 90%.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Apr 2024 17:51

TRADING UPDATES: First Tin updates Tellerhauser estimates

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

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20 Mar 2024 16:18

EARNINGS AND TRADING: Roadside Real Estate trims Cambridge Sleep stake

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

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12 Mar 2024 19:58

IN BRIEF: Zenith increases stake in Italian gas concession to 50%

Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Acquires an additional 10% interest in the Sant'Andrea onshore concession from Petrorep Italiana SRL. The concession covers around 164 square kilometres and is located in north-eastern Italy. After completion, Zenith's interest in Sant'Andrea will increase to 50%. The company intends to reactivate production at Sant'Andrea's S. Antonio-1 well, and expects initial production to reach 1,500 cubic metres of natural gas per day. Under the terms of the deal, Petrorep has paid Zenith's Italian subsidiary EUR248,000 to cover its share of future abandonment and plugging costs.

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13 Feb 2024 17:34

IN BRIEF: Zenith Energy raises GBP1.3 million via private placement

Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Completes private placement in the UK and Norway. Raises GBP1.3 million in total, resulting in the issue of 37.9 million shares. Shares are priced at GBP0.03 for the UK financing and NOK0.42 for Norwegian financing.

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18 Jan 2024 19:42

TRADING UPDATES: Coro Energy strikes finance deal in Vietnam

(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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29 Dec 2023 14:31

IN BRIEF: Zenith swings to loss on higher costs; revenue drops

Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Swings to a pretax loss of CAD1.9 million, or GBP1.1 million in the six months ended September 30 from CAD259,000 profit a year prior.

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6 Dec 2023 11:57

Zenith Energy demands over USD85 million from Tunisian government

(Alliance News) - Zenith Energy Ltd shares jumped up on Wednesday after it announced a formal claim for USD85.8 million in damages from the Republic of Tunisia over a blocked acquisition.

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30 Nov 2023 21:10

EARNINGS AND TRADING: Dispensa and SkinBioTherapeutics losses widen

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

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29 Nov 2023 14:20

Zenith Energy hails arbitral tribunal rejecting defendant request

(Alliance News) - Zenith Energy Ltd on Wednesday hailed an International Chamber of Commerce appointed arbitral tribunal which rejected the Tunisian national oil company's request to include Tunisia as co-defendant in claims against it.

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28 Nov 2023 14:57

TRADING UPDATES: Scancell trial progresses; OptiBiotix inks new deal

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

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1 Nov 2023 16:54

TRADING UPDATES: Premier Miton sizes up Tellworth Investments

(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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26 Oct 2023 21:49

TRADING UPDATES: Alumasc under CMA's eye amid "resilient" year

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

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18 Oct 2023 15:16

IN BRIEF: Zenith Energy continues to pursue claim against SMP Energies

Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Updates on the legal claim of its fully owned subsidiary, Anglo African Oil & Gas Congo SAU, against SMP Energies. SMP Energies is the rig contractor that performed drilling services in wells TLP-103 and TLP-103C of the Tilapia oilfield in the Republic of the Congo during 2018 to 2019. It was ordered to pay EUR30,000 to AAOGC as damages for its "abusive procedural behaviour". Explains that SMP failed to pay the damages payment to AAOGC and consequently the Paris Commercial Court seized the amount of damages from an SMP bank account in France.

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19 Sep 2023 19:43

IN BRIEF: Zenith signs memorandum of understanding for Kazakhstan deal

Zenith Energy Ltd - Calgary, Canada-based energy firm - Signs a third memorandum of understanding with a company incorporated in Kazakhstan to evaluate the potential acquisition of an oil production and development asset. Explains the seller holds a 100% interest in the asset located in the Atyrau region. Notes the acquisition target formerly produced from wells drilled in 2008 at a rate of approximately 200 barrels of oil per day prior to the onset of the Covid-19 pandemic. Production is currently suspended. The purpose of the MOU is to formalise a framework whereby Zenith's interest may be completed subject to the completion of a rigorous technical and financial due diligence. According to the terms of the MOU, commercial terms, if agreed, are to be formalised by way of a share purchase agreement on or before November 30.

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15 Sep 2023 10:46

Zenith Energy strikes deal for possible buy of Kazakhstan oil assets

(Alliance News) - Zenith Energy Ltd on Friday said it has signed a second memorandum of understanding with an unnamed company in Kazakhstan to explore the potential of buying two oil development assets in the Kyzylorda region.

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