Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
AGM Statement Thu, 24th May 2012 00:00 RNS Number : 9937D @UK PLC 24 May 2012 Embargoed for 7:00am release 24 May 2012 @UK PLC ("@UK" or the "Company") AGM Update At its Annual General Meeting to be held later today, Ronald Duncan, Chairman of @UK plc (AIM: ATUK.L), the cloud e-Commerce market place, will make the following statement: "We are pleased to announce that the new sales team is making good progress, along with the collaboration with Visa Inc and the development of our Social Care Marketplaces. "The sales team has now delivered 140 proposals for green and spend analysis with a total value of £ 2.3 million of which 22 proposals with a total value of more than £700,000 are currently expected to complete in the second half of this year. "Our international expansion is developing as anticipated with the Indian office profitable and growing. While these are still early days, the signs are positive and our learning is very valuable for further roll out. We are making positive progress with Visa on our collaboration for the Asia Pacific and CEMEA region. "We are beginning to establish a market leading position in the area of Social Care Marketplaces as a consequence of building on our unique technology and leading early adopter client. There are around 160 Local Government organisations who are required to implement individual budgets for citizens receiving care in the community and our tailored solution with an annual licence fee of £35,000 is an attractive option. "This fits well with our work in the NHS and the fact that individual budgets are also going to be implemented across health and social care with an integrated focus on the citizen. We are the only solution that spans both areas, additionally we are the only organisation accredited to hold patient records and embedded purchasing cards for secure budget management and payment. "We have not yet commenced sales and marketing activities for our new National Framework across all public sector bodies and will shortly be investing in this area. Whilst it is still early days in terms of replicable and forecastable revenue streams in this area, the early outcomes are very positive and we anticipate cashable visibility in the second half as the pipeline comes to fruition. "Overall we are satisfied with progress in the first half, where we have put significant investment into building a pipeline across a wide range of opportunities."
The rest of the RNS · load fluid/water continues to be produced with the oil, with water cut averages around 15 to 20%. The trend, however, suggests that the Water Oil Ratio ("WOR") is declining as the load fluid is recovered. It is anticipated that oil flow will be enhanced after the bulk of the load water is produced; · the initial analysis of the post flow test pressure build-up suggests that the effective producing length of the Well's horizontal leg has likely doubled, compared to pre-stimulation, to approximately 400m; · the amount of gas being produced with the oil during the post stimulation flow test was reasonably stable at a Gas Oil Ratio ("GOR") of approximately 300m3/m3, compared to GORs of over 2000m3/m3 when the Well was flowed at higher drawdown levels pre-stimulation. Higher drawdowns at the sandface could enhance oil flow by providing "natural" gas lift. Therefore, allowing the flowing bottomhole pressure to drop further would enhance flow, but at the expense of liberating more gas; · oil flowrates can be enhanced further by using equipment, such as a swabbing unit, to produce at lower bottomhole flowing pressures. Forward Programme To accurately assess the reserves associated with Garden Hill South, signs of pressure depletion at the reservoir are required. In addition, further testing is required to determine the effect of flowing at lower pressures, which is expected to result in natural gas lift and a declining WOR. Therefore, the Well will be flowed further to provide the required data. The data will allow the Company to establish good production practices, which include setting the production rate at which the Well should be allowed to flow and the optimum management of the Well. The Company intends to move quickly into the production phase once regulatory approval is secured and the testing is complete. Enegi is also pleased to note the announcement by Shoal Point Energy Ltd. ("SPE") on the 3rd May 2012 that up to 49.4 billion barrels of oil (Undiscovered Petroleum Initially-in-Place) exists in the Green Point Shale in offshore western Newfoundland. As indicated in the CPR, the source rock for the Company's discovery and conventional leads are believed to be the Green Point Shale located offshore. Therefore, confirmation of such a significant volume of oil not only reaffirms the presence of a large and active petroleum system in the Port au Port Peninsula, but also reaffirms the confidence the Company has in the quality and size of the source rock and therefore the prospectivity of Enegi's assets. Further updates will follow as the programme is executed. Alan Minty, CEO of Enegi, commented: "Since 2008 we have worked hard to increase the Company's resources and are delighted that the latest test results confirm that the connected oil in place associate
What agreat is that. GHS Update Mon, 14th May 2012 07:00 RNS Number : 2182D Enegi Oil PLC 14 May 2012 ? ENEGI OIL PLC AIM ticker: 'ENEG' OTC ticker: 'EOLPF' 14 May 2012 Enegi Oil Plc ('Enegi' or 'the Company') Garden Hill South Operational Update The Company is delighted to announce that the latest results from testing of the PaP#1-ST#3 well ("the Well") indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5 million barrels of Stock Tank Oil Initially In Place ("STOIIP") and 117 BCF Gas Initially In Place ("GIIP"), with the Absolute Openhole Flow Potential ("AOFP") expected to increase from 310 boepd. McCaffrey Consulting Services Ltd., an independent consultant engaged by the Company, has advised that results from the last series of testing indicate: · the Well is in contact with a larger than anticipated reservoir. Despite producing from the Well since commencement of a flow test on 3rd February 2012, there are no signs of pressure depletion in the reservoir. Had the mean connected oil and gas in place been at or below 61.5million STOIIP and 117 BCF GIIP, as estimated in Enegi's 2007 Competent Persons Report ("the CPR") for the onshore and offshore portion of Garden Hill South, pressure depletion would have been observed; · as part of the test programme the Well was maintained for a period at a high constant bottomhole pressure of 228 atmospheres (3,350 psi) by using a 6/64" choke. Even heavily choked, the Well flowed at 156 boepd. Recently, up to 1,360 boepd was achieved when fully opened for 3 hours for an initial flush. The AOFP on an energy equivalent basis is at least 310 boepd at the sandface and is expected to increase after load water is flowed out; · load fluid/water continues to be produced with the oil, with water cut averages around 15 to 20%. The trend, however, suggests that the Water Oil Ratio ("WOR") is declining as the load fluid is recovered. It is anticipated that oil flow will be enhanced after the bulk of the load water is produced; · the initial analysis of the post flow test pressure build-up suggests that the effective producing length of the Well's horizontal leg has likely doubled, compared to pre-stimulation, to approximately 400m; · the amount of gas being produced with the oil during the post stimulation flow test was reasonably stable at a Gas Oil Ratio ("GOR") of approximately 300m3/m3, compared to GORs of over 2000m3/m3 when the Well was flowed at higher drawdown levels pre-stimulation. Higher drawdowns at the sandface could enhance oil flow by providing "natural" gas lift. Therefore, allowing the flowing bottomhole pressure to drop further would enhance flow, but at the expense of lib
cuts Mouchel Group Plc price target to 11P from 18P For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/EUROPE Reuters 3000Xtra users, double-click RCH/EUROPE Reuters Station users, click .1580 (Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)
Operations Update Mon, 23rd Apr 2012 07:00 RNS Number : 8150B Mediterranean Oil & Gas Plc 23 April 2012 ? 23rd April 2012 Mediterranean Oil & Gas Plc ("the Company", or "MOG") Update on Guendalina Gas Field production and the processing of 3D Seismic Data at Malta Offshore Area 4 The Board of Mediterranean Oil & Gas Plc (AIM: MOG), the central Mediterranean producer, developer and explorer of oil and gas assets, is pleased to announce the following: Production from the Guendalina gas field for the first quarter of 2012 achieved an average gross production (100% basis) of 580,000 scm/day, in line with the Company's expectations. This represents net production by the Company of 116,000 scm/day (MOG interest 20%) and yielded revenue of €4.0 million for the 1st Quarter of 2012. The processing by Fugro-Geoteam Pty Ltd of 1,012 square kilometers of the newly acquired 3D seismic survey data from exploration Area 4 offshore Malta is complete. Interpretation of this data will be carried out by MOG and by ERC Equipoise Ltd, the selected Independent Competent Person, with the results expected early in the 3rd Quarter of 2012. As a result of the strong revenues from Guendalina and our onshore gas assets, the Company proposes to immediately repay €2.0m previously drawn by MOG in February under the short term secured loan facility entered into with affiliated investment funds of Och-Ziff Capital Management Group to assist the Company fund the acquisition of the 3D seismic data offshore Malta. Following the repayment, the Company will have no debt outstanding. Dr. Bill Higgs, Chief Executive of Mediterranean Oil and Gas, commented: "We have made a very solid start to the year in delivering both reliable cash flow from our producing assets in Italy, and acquiring the seismic data required to evaluate our prospective resources offshore Malta." QUALIFIED PERSON In accordance with the guidelines of the AIM Market of the London Stock Exchange, Dr Bill Higgs, Chief Executive of Mediterranean Oil & Gas Plc, a geologist, explorationist and reservoir manager with over 23 years oil and gas industry experience, is the qualified person as defined in the London Stock Exchange's Guidance Note for Mining and Oil and Gas companies, who has reviewed and approved the technical information contained in this announcement. ENQUIRIES: Mediterranean Oil & Gas Plc www.medoilgas.com Bill Higgs, Chief Executive Tel: +44 (0)7531 731 857 Chris Kelsall, Finance Director Tel: +44 (0)7891 040 658 Panmure Gordon Katherine Roe Tel: +44 (0)207 459 3600 Brett Jacobs
Embargoed for 7:00am release 30 March 2012 @UK PLC ("@UK" or the "Company") Audited Results for the year ended 31 December 2011 @UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, today announces its audited results for the year ended 31 December 2011. Key Points Financial: · Turnover up 15% to £2,353,378 (2010: £2,051,037) · Approximately 65% growth in Ecommerce revenues · Loss after tax reduced by 84% to £88,534 (2010: £551,864) · Reduction in operating cash usage by 83% to £50,304 (2010: £292,416) · Year end cash increased to £420,246 (2010: £29,060) with a further £0.3 million raised post year end · New sales team generated over £1m in proposals in past 2 months
Why,just because I said this share is heading to 10p.If this share not 10b by the end of the week you will never see my post here again,wach and see,13 to 14p by today and the rest of blue sea will finish by Friday. GLA
This is heading to the level of 6to 10p By closing.GLA Proposed Disposal Fri, 16th Mar 2012 00:00 RNS Number : 4709Z Siteserv PLC 16 March 2012 ? Siteserv plc ("Siteserv" or the "Company" or the "Group") Proposed Disposal of the Siteserv Business The board of Siteserv announces that it has conditionally agreed to the proposed disposal of Siteserv's infrastructure, utilities support services and access and formwork businesses carried on in Ireland and the United Kingdom (together the "Siteserv Business") to Millington, an acquisition vehicle controlled by Denis O'Brien, for a Consideration of approximately €45.42 million in cash (the "Proposed Disposal"). The Proposed Disposal constitutes a "substantial transaction" under Rule 12 of the AIM Rules and the ESM Rules and also a "disposal resulting in a fundamental change of business" under Rule 15 of the AIM Rules and ESM Rules. Accordingly, completion of the Proposed Disposal is conditional, inter alia, on approval by Shareholders at an extraordinary general meeting of the Company to be convened in due course. BACKGROUND TO AND REASONS FOR THE PROPOSED DISPOSAL As part of its final results statement (for the year ended 30 April 2011), announced on 28 July 2011, Siteserv confirmed that the Group's debt facilities had been renegotiated with IBRC and their associated maturity date had been revised to December 31, 2012. On 16 January 2012, Siteserv announced that the Group was, in conjunction with its advisers, exploring a number of strategic and corporate options for discussion with IBRC in advance of expiration of its existing debt facilities in December 2012. As part of this review it was recognised that the debt burden being carried by the Company was unsustainable and that a sale of the Siteserv Business may represent the best available option in the circumstances. In order to maximise value for all stakeholders the Board appointed Davy Corporate Finance and KPMG Corporate Finance as joint financial advisors to assist in a detailed exercise to proactively market the Siteserv Business to a number of prospective buyers. The purpose of this exercise was to ascertain the price and conditions attaching to a possible sale of the Siteserv Business. Following this exercise and in consultation with IBRC, the Company granted a short period of exclusivity to the Purchaser to negotiate the final terms of the Share Sale Agreement. The Board, having consulted with Davy Corporate Finance and KPMG Corporate Finance, determined that a sale of the Siteserv Business was in the best interests of the Shareholders as a whole for the following reasons: · As part of the Proposed Disposal, IBRC has agreed to accept payment of an amount which is less than the full amount owed by the Group in full and fin
Rory Stear, Executive Chairman, MobileWave Group plc commented: "This is a significant milestone in the company's history. As well as giving our shareholders confidence, significantly, today's announcement further enables us to build the business and in doing so, sets us on the right path to becoming a leading global mobile relationship management and solutions partner of choice."
Mediterranean Oil & Gas PLC Daily Commentary Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 03.01.2012 (16) days ago, when the stock price was 6.1300. Since then MOG has fallen -18.43% . BUY-IF is confirmed by a white candlestick with a higher open. The buying price is taken as today's open ( 4.7500 ) according to the Rules of Confirmation.