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Pin to quick picksZephyr Energy Share News (ZPHR)

Share Price Information for Zephyr Energy (ZPHR)

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Share Price: 5.55
Bid: 5.40
Ask: 5.70
Change: 0.35 (6.73%)
Spread: 0.30 (5.556%)
Open: 5.20
High: 5.60
Low: 5.20
Prev. Close: 5.20
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TRADING UPDATES: iEnergizer and Volex post interim profit hikes

Thu, 11th Nov 2021 21:26

(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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iEnergizer Ltd - IT service management company - Revenue in six months to September 30 up 35% year-on-year to USD121.9 million from USD90.2 million. Pretax profit improves 41% to USD37.9 million from USD26.9 million. Lifts payout 42% to 8.12 pence per share from 5.72p. "We are delighted to report another strong performance by iEnergizer, with highly profitable growth in revenue and profit margins, which exceeded our expectations for H1 2022," Chair Marc Vassanelli says.

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Volex PLC - Hampshire, England-based electronic components maker - Revenue in first half ended October 3 jumps 45% to USD292.7 million from USD202.5 million. Pretax profit increases 35% to USD19.4 million from USD14.4 million. Ups payout by 9.1% to 1.2p per share from 1.1p. "Robust first half of the year coupled with a strong forward order book, means Volex is on course to deliver on its full-year consensus market expectations," company says.

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MaxCyte Inc - Maryland-based platform for cell-based research - Revenue in third quarter rises 50% to USD10.1 million from USD6.8 million a year earlier. Pretax loss narrows to USD2.7 million from USD3.1 million. "We continue to expand our customer base and increase the number of strategic partnerships, now with 15 strategic platform license agreements in place following the announcement of our agreement with Nkarta in early November. The vast majority of our SPL agreements enable MaxCyte to participate in pre-commercial milestones and post-commercial sales-based payments on SPL-related Programs. We remain bullish around the potential for our SPL partnerships to generate meaningful revenue for the business over the next 12 to 18 months and beyond as our partners continue to see clinical success," Chief Executive Doug Doerfler says. In addition, company lifts 2021 revenue outlook to USD33.0 million from previous guidance of "greater than USD30 million".

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Sabien Technology Group PLC - Watford-based boiler efficiency products - Has signed heads of terms with Proton Technologies Canada Inc in relation to a hydrogen processing licence within UK territories. Sabien will be producing 20 tonnes of hydrogen per day, generated using Proton's technology.

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Bidstack Group PLC - London-based in-game advertising platform - Partners with Wildlife Studios Ltd, creators of mobile tennis game Tennis Clash. "The activations will see brands featured across virtual tennis courts such as New York and Sydney, on courtside banners, scoreboards and nets, on custom racket strings and across branded outfit designs that will be seamlessly integrated into the game's virtual world. The in-game takeovers will be available to all players and will be seen by a global audience," Bidstack says.

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Tlou Energy Ltd - power company focused on sub-Saharan Africa - Secures 10 megawatt power purchase deal with Botswana Power Corp. "The construction of transmission lines to connect Lesedi to the existing power grid is expected to be completed in 2023," Tlou says. Notes a prototype hydrogen production unit is being designed in Brisbane before being transported to Lesedi in first half of 2022. Says hydrogen technology partner Synergen Met Pty Ltd plans to float in Sydney in "coming months" and is currently going through pre-IPO process. Tlou may participate in the IPO for up to USD3 million. "The company sees significant upside for a potential investment in SM given comparisons with similar listed entities," Tlou says.

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Goldstone Resources Ltd - gold exploration and development in West Africa - Raises GBP1 million through placing of 8.7 million shares at 11.5 pence each with a new institutional shareholder. "The net proceeds of the placing will be used predominantly to expediate the exploration, including a drilling programme, at the former underground mine at Akrokeri, formerly known as the Akrokeri Ashanti Mine Ltd," Goldstone says.

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Energean PLC - gas explorer and producer in the Mediterranean - Prices offering of USD450 million senior secured notes due 2027. Notes carry 6.5% annual interest rate.

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Zephyr Energy PLC - Newbury, England-based exploration & production company - Reports the first flowing hydrocarbons from the State 16-2LN-CC well, even as production testing and well clean-up efforts remain ongoing. "The production of hydrocarbons marks a major milestone for Zephyr, particularly as this is the first horizontal well in the wider Paradox Basin to flow hydrocarbons using a modern hydraulically stimulated completion," company explains.

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Pharos Energy PLC - oil & gas company with assets in Egypt, Vietnam and Israel - Says first phase of the TGT 4 well infill development drilling programme in Vietnam completed. All four infill development wells drilled within schedule and well under budget, Pharos says.

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Great Eastern Energy Corp Ltd - Indian coal bed methane company - Revenue in six months to September 30 falls 9.6% year-on-year to USD13.4 million from USD12.3 million. Swings to pretax profit of USD1.8 million from USD66,970 loss a year earlier.

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Agronomics Ltd - Isle of Man-based investor in the field of cellular agriculture - Portfolio firm Tropic Biosciences will not see its potato product face "regulatory barriers". The product, developed using gene editing induced gene silencing technology, is exempt from regulation under the US Department of Agriculture Animal & Plant Inspection Service. "This confirmation ensures that its gene-edited potatoes, resistant to browning, will not face regulatory barriers on its way to market, and is a promising indicator for its other products such as coffee, rice and bananas," Agronomics says. It has a 3.0% stake in Tropic.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 21:33

IN BRIEF: Zephyr Energy in debt for equity swap

Zephyr Energy PLC - oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountains region in North America - Announces USD3.88 million debt for equity swap at a price of 4.85 pence per share. Further, says operations at the State 36-2 LNW-CC-R well are progressing as expected. Drilling operations have commenced and is planned to a total depth of 10,362 feet. Chief Executive Colin Harrington says: "We continue to make good progress on the drilling of the State 36-2R well and remain on track to complete the well within our forecast thirty-day period."

Read more
25 Apr 2024 16:00

EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling

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

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17 Apr 2024 10:36

Zephyr Energy begins drilling operations in flagship Utah project

(Alliance News) - Zephyr Energy PLC on Wednesday said it had begun rigging up operations to start the drilling process at the State 36-2R well, as part of its flagship Paradox project.

Read more
28 Mar 2024 12:29

EARNINGS AND TRADING: Arbuthnot ups payout as profit more than doubles

(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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27 Mar 2024 18:47

TRADING UPDATES: Empire Metals targets key milestones in Australia

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

Read more
22 Mar 2024 16:38

Zephyr starts drilling activities at Paradox Basin well

(Sharecast News) - Rocky Mountains-focussed oil and gas operator Zephyr Energy announced the start of drilling activities at the State 36-2R well at its primary project in Utah's Paradox Basin on Friday.

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22 Mar 2024 11:56

Zephyr Energy shares surge as drilling starts at flagship project well

(Alliance News) - Zephyr Energy PLC on Friday said initial drilling operations have begun on the State 36-2R well at its flagship project in the Paradox Basin in the US state of Utah.

Read more
15 Mar 2024 13:07

Zephyr Energy signs rig contract for Paradox Basin redrilling

(Sharecast News) - Zephyr Energy announced on Friday that it had finalised a rig contract with Helmerich & Payne (H&P) for Rig 257, for the redrilling of the State 36-2R well in Utah's Paradox Basin.

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15 Mar 2024 12:05

Zephyr Energy inks rig contract to progress Utah-based well

(Alliance News) - Zephyr Energy PLC on Friday said that it has signed a rig contract with Helmerich & Payne Inc, in order to progress the redrilling of its State 36-2 well in the Paradox Basin, Utah.

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11 Mar 2024 14:13

IN BRIEF: Zephyr continues planning for redrill of State 36-2 well

Zephyr Energy PLC - Oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountains region in North America - Says it continues to progress planning for the forthcoming redrill of the State 36-2 well in its Paradox Basin project in Utah, US. Zephyr retains full well control insurance and expects to recover a substantial majority of the costs associated with the redrill. At the well pad, all surface hole location preparations have been completed to enable rig mobilisation, it says. It also plans to mobilise a spudder rig to the well pad over the next two weeks to drill and set conductor pipe and once these operations are complete, Zephyr says the location will be ready to accept a drilling rig in early April. Adds that is is in the final stages of executing a rig contract with the intention to begin full drilling operations in mid-April 2024. Says it has also received vendor bids for substantially all remaining well services, and has sourced all casing and long lead items required for the well.

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14 Feb 2024 10:26

Zephyr Energy gets Utah well drilling permit amendments approvals

(Alliance News) - Zephyr Energy PLC on Wednesday said it received approvals for the amendment of its drilling permit for the forthcoming "twinned" redrill of the State 36-2 well in Paradox Basin, Utah, US.

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8 Feb 2024 14:12

IN BRIEF: Zephyr says planning for State 36-2 well redrill continues

Zephyr Energy PLC - oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountain region of the US - Says it continues to progress planning for the "twinned" and fully-funded redrill of the State 36-2 well. Retains full well control insurance and expects to recover substantially all costs associated with the redrill. Chief Executive Officer Colin Harrington says: "Our team continues its intensive and robust planning process for the State 36-2R well and once the sundry amendment to the drilling programme is approved, we will seek to expedite operations at site to commence drilling operations as soon as possible.The team has done excellent work in progressing major contracts and infrastructure solutions, and we look forward to providing continued news flow over the coming weeks and months."

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15 Dec 2023 12:18

Zephyr Energy reports progress on Slawson wells, Paradox

(Sharecast News) - Zephyr Energy said in an update on Friday that the initial flow rates from the six wells operated by Slawson Exploration Company, in which it holds working interests, exceeded expectations.

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15 Dec 2023 09:11

Zephyr Energy production up as Slawson operations exceed expectations

(Alliance News) - Zephyr Energy PLC on Friday said initial production from the Slawson-operated wells has exceeded expectations, boosting its quarterly sales.

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16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

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

Read more

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