Small caps round-up: Pantheon Leisure, ILX, Zamano...

Leisure firm Pantheon Leisure said its subsidiaries - The Elms Group Limited and Sport in Schools Ltd - are performing in line with our expectations. Pre-tax losses for the six months to June rose to £275,000 against £71,000 last year on revenue that rose to £601,000 against £548,500.E-learning software provider ILX has won a contract with the Ministry of Economy in Mexico to participate in a government project to provide five e-learning finance courses to be used in 1,000 learning centres across the country. The contract is worth US$180,000. Discussions are taking place with numerous other South American companies that are interested in emulating the Mexican model, 'and ILX is at an advanced stage with one other government in particular,' the company said.Pre-tax profits in the half year to June 30 fell to €607,000 from €673,000 at mobile data services provider Zamano as revenues fell to £13.3m from £23.7m partly due to a shift away from lower margin activities and partly due to market weakness.Oil and gas firm Sterling Energy posted bigger losses as it felt the impact of lower commodity prices.In the six months to June 30, pre-tax profits widened to $46.5m from $31.5m over the same period the previous year as revenues slipped to $43.4m from $56.7m.The firm said it was committed to selling its US business and pointed out that gas prices have continued declining there.Encore Oil is in advanced negotiations with Egdon Resources over the sale of Encore's onshore assets in France and the UK.Gold miner Hambledon has raised £2.8m in a placing to develop underground operations at the Sekisovskoye mine in East Kazakhstan.Specialist publisher Touch Group said it would not achieve its target of making a profit over the full year.In the six months to June 30, pre-tax losses totalled £1m, compared with £390,000 over the same period the previous year as turnover fell to £2.4m from £2.9m.The firm, which publishes healthcare, pharmaceutical and energy titles, said it has moved its focus from advertising to content, which is says will deliver a more sustainable income stream.Shares in Regal Petroleum advanced after a positive update from its Mekhediviska Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields in Ukraine.AIM-listed Sabien Technology gained on news that it has been awarded a second contract for £56,000 to fit M2G at a leading mobile telecommunications operator for sites across the UK. 'We're delighted that yet again a blue chip company has chosen our M2G technology and we look forward to working together with our client to deliver the project benefits,' said chief executive Alan O'Brien.Mezzanine finance specialist ACP Mezzanine saw its net asset value fall to €0.29 a share from €0.32 between December and June. It was hit by falling values of structured products.