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GeoPark's work in 2012 included drilling 44 new wells with a capital expenditure over $180m. "GeoPark completed 2012 with a strong fourth quarter resulting from our successful drilling results in Chile and Colombia and an important increase in oil and gas production and cash flow," said Chief Executive Officer James Park. "We are beginning 2013 in a strong position with the critical pieces in place for an exciting year of both organic growth and new project expansion."

GeoPark Holdings on Monday released positive production results from oil and gas operations in Chile and Columbia during the fourth quarter last year. The Latin American company said oil and gas output increased by 22% to 10,627 barrels of oil equivalent per day (boepd) from 8,710 in the comparative period in 2011. Crude oil rocketed 110% to 7,939 barrels of oil per day (bopd) during the quarter while yearly production was up 49% to 11,276 boepd. The results were driven by drilling success in Chile and Columbia. Wells in Chile during the quarter included the Yagan 2, which produced 610 bopd, along with Konawentru 4 (900) and Yagan 4 (600). Columbian wells Tua 3 and Tua 2, produced 1,100 and 1,700 bopd respectively. Last year Korean conglomerate LG International Corporation acquired a stake in GeoPark's 10 Colombian hydrocarbon blocks by becoming a 20% shareholder in GeoPark Colombia.

Empresaria Group is the sole owner of Skillhouse after purchasing the remaining 10 per cent interest in the recruitment company, the staffing specialist said Monday. The AIM-quoted group announced it bought the stake for a total consideration of £0.45m in cash. "In line with group strategy, discussions are ongoing with the senior managers of Skillhouse to implement an equity incentive plan for the next stage of growth," the company said in a statement. Skillhouse specialises in the placement of IT professionals on a permanent and temporary basis. The company generated revenue of £8.1m and profit before tax of £0.6m for the year to December 31st, 2011.

The options granted are expected to vest in three equal tranches, with one-third vesting and being exercised immediately and another third vesting on the first anniverary of the award and the remainder vesting on the second anniversary of the award. The options will lapse three months after the date of the award. Serabi Gold is an exploration and development company involvedi n the development of giold in Brazil. Its primary interest is the 100% owned Palito Gold Mine located in the Tapajos region of northern Brazil and a surrounding 53,000 hectares of prospective exploration tenements that the company controls.

AIM-listed mining company Serabi Gold has awarded 13.6m shares to members of its board, a statement issued by the company on Monday disclosed. The company, which is currently transitioning from a gold exploration business to a mine developer, stated that gold production is expected to go ahead before the end of the year. Some 13.6m aggregate shares were awarded to the group's executive directors and non-executive directors, representing 3.76% of the current issued share capital. With the exception of one Non-executive Director, Dr Doug Jones, the options were made exercisable at 6.1p which compared to the closing mid-market share price in London of 5.88p per ordinary share on January 25th. The options awarded to Dr Jones have an exercisable amount of 8.13p.

"The company is now beginning to show the impact of the extensive restructuring programme undertaken in prior periods, including the reduction of Head Office overheads by approximately £2.0m, with further improvements expected in 2013," the group said. "The directors of the company are confident that r4e will continue to make progress throughout the course of the current financial year. SpotCo has secured a strong slate of new shows for 2013 [...] Similarly, Dewynters has a solid slate of new shows [...] and is well placed to demonstrate progress throughout the year." David Stoller, Executive Chairman, added: "After a number of challenging years, I am pleased to say it's been a year of genuine progress and success. We now have a stable and focused business, operating in an increasingly collaborative manner, delivering exceptional work for clients on both sides of the Atlantic."

Media and entertainment company Reach4Entertainment reported a strong and highly productive second half performance which saw the firm return to profit. The group said it benefitted financially from the impact of its restructuring activities previously carried out and as previously expected will report a profit for the year ended December 31st. Divisionally, Dewynters, the company's London based theatre marketing company, delivered a 'healthy' performance during the year, which was driven by a combination of new projects and long-term clients. A less impressive delivery wa given by SpotCo, the firm's New York based theatre marketing business, which suffered from a weaker than expected slate of new show openings, resulting in reduced revenue on a year-on-year basis. That said, as a result of increased operational efficiencies and tightened cost control, it nonetheless made a positive contribution to the froup result. The New York based merchandising business, Dewynters Advertising, has been fully reorganised, which will insulate the business from future losses associated with its traditional merchandising activity which should now produce a modest contribution to group profits.

Paul Sanders, Group Chief Executive, said: "2012 was a good year for us. Performance was much improved, due to our focus on efficiencies and better project delivery. The level and quality of new business wins so far, combined with our strong revenue pipelines give us continued confidence for the year ahead."

oh and Paul Sanders, Group Chief Executive, said: "2012 was a good year for us. Performance was much improved, due to our focus on efficiencies and better project delivery. The level and quality of new business wins so far, combined with our strong revenue pipelines give us continued confidence for the year ahead."

AIM-listed communication services group Hasgrove has published a full year trading update, forecasting pre-tax profit of 1.4m pounds. The company said that it expected gross income in the region of £19.1m, 16% higher than was recorded in 2011, and a pre-tax profit of approximately £1.4m compared to a loss of £3.0m in 2011. The group further reported that Hasgrove's operating units continued to be cash generative, resulting in net debt reducing to £0.1m as of December 31st. This compared to a £1.5m net debt at the end of December 2011.

"This is testament to the safety and effectiveness of Odyssey clinical content and the hard work and commitment of our clinical team. We are committed to continuously reviewing and improving our processes to ensure the highest of standards. NICE accreditation provides validation that will be welcomed by patients, clinicians and managers of services that use Odyssey decision support."

Avia Health Informatics' wholly-owned subsidiary, Plain Healthcare, was awarded National Institute for Health and Clinical Excellence (NICE) accreditation for its Odyssey clinical decision support system, the company said Monday. The NICE Accreditation Advisory Committee commended the group for methods used for searching and identifying evidence on the Odyssey clinical database. This database is used to guide the assessment and interpretation of symptoms during primary care consultations with patients. The Odyssey suite of products was designed specifically to address the needs of the UK's National Health Service. "We are delighted that Plain Healthcare has achieved NICE accreditation," Jeremy Dale, Chief Executive of Avia Health Informatics, said.

Development of new business streams in industrial services, hazardous waste incineration and offshore waste management drove revenues during the period. The group's traditional hazardous waste markets, on the other hand, were broadly flat throughout the year. Augean added LLW market development, alongside new businesses, are expected to continue to enhance shareholder returns during the coming year. "While the general economic outlook for the wider hazardous waste sector remains subdued the board believes that the group is well placed to deliver continued growth during 2013," it added. "The investments and new business streams delivered during 2012 are expected to lead to improvements to revenues, earnings per share and cash flow during the year."

Augean's shares dropped Monday after the waste management firm said it expects full year results to be at the lower end of its revised forecast. The UK company pegged revenues at a range between �42m to �43m for the year. "Trading in the second half of the year delivered a satisfactory performance despite delays in the delivery of the expected volumes for Low Level Waste (LLW)," the group said in statement. However, Augean remained confident the routes to the LLW market remain in place and will continue to develop as the challenges of unlocking volumes are met this year.

Toldeo Mining rose after a positive production update from its joint venture, the Berong Nickel Corporation. Production of ore from the Berong mine during the three months to the end of December totalled 155,844 wet metric tonnes at an average grade of 1.84% nickel. WMT incudes the weight of the ore together with moisture content. Stockpiles at the year end totalled 230,416 WMT at an average grade of 1.46% nickel. The 15 shipments made during 2012 amounted to sales in excess of 777,000 wmt ore yielding over 8,750 tonnes of contained nickel metal. This generated gross revenues to Berong of around $29m, the firm said. Toldeo's shares rose 2.6% after the announcement. Toledo Mining has 56.2% of Berong Nickel, with the remained owned by Atlas Consolidated Mining and Development (25.2%) and DMCI Mining (18.6%).

WPP Group: Investec moves target price from 925p to 1060p, while reiterating a buy recommendation.

William Hill: Deutsche Bank raises target price from 390p to 422p, while its buy recommendation remains unchanged.

Unilever: JP Morgan ups target price from 2420p to 2850p, while its overweight rating is unaltered.

Tate&Lyle: Investec cuts to hold from buy keeping a target price of 850p.

SThree: Seymour Pierce downgrades from hold to buy and maintains a target price of 275p.