Member Info for mulledwine

Current Trading · Year-to-date results are in line with expectations · Second half revenues and earnings are expected to be modestly lower than first half results

http://www.investegate.co.uk/Article.aspx?id=201109120700179863N

300 MILLION A2 DOMINION FRAMEWORK Galliford Try has been confirmed as one of the contractors on the new framework agreement for leading London-based housing association A2 Dominion. The framework, which will deliver new affordable housing totalling over £300 million for the association, will run for four years. Galliford Try is one of 14 contractors for projects in the £5-10m bracket and one of nine contractors for projects worth £10m and upwards. Galliford Try Chief Executive Greg Fitzgerald said: "Galliford Try has a long track record and a growing business in contracting for affordable housing registered providers. We are delighted to have the opportunity of working with A2 Dominion as part of their new framework agreement."

£20 MILLION HIGHWAY MAINTENANCE WORK Galliford Try announces its appointment to two Highway Maintenance contracts anticipated to be worth in excess of £20m over a four year term. The first contract consists of three framework lots of re-surfacing, traffic management and carriageway markings work for an existing client, East Riding of Yorkshire Council. The second contract is for a new client, Stoke-on-Trent City Council, and covers highway maintenance minor works to carriageways, footways and structures. Greg Fitzgerald, Chief Executive of Galliford Try, commented: "We are delighted to extend our partnership with East Riding of Yorkshire Council and to secure new business from Stoke-on-Trent City Council. These awards demonstrate the spread of our expertise in highways as part of our civil engineering business."

GALLIFORD TRY SELECTED ON FRAMEWORKS TOTALLING £350 MILLION Galliford Try, the housebuilding and construction group, announces its appointment to frameworks in the environmental, highways and affordable housing sectors. £30 MILLION ENVIRONMENT AGENCY EXTENSION Galliford Try announces the further extension of its framework with the Environment Agency to manage part of its flood defence, waterways and water resources capital works programme in England and Wales. Galliford Try will be one of six core contractors engaged on the framework and expects to secure approximately £30m worth of work during the extension which will last until March 2013. Galliford Try was initially appointed to the framework in May 2007. Three schemes are currently on site at Wakefield, Wigan and Banbury. Greg Fitzgerald, Chief Executive of Galliford Try, commented: "We are delighted to strengthen our relationship with the Environment Agency through this significant framework extension which we expect will provide a steady flow of work over the period."

http://www.investegate.co.uk/Article.aspx?id=201109120700180011O

Basay Drilling Results Assay results from the first four holes have now been received and reported. To date, the Company has completed 25 holes and is drilling with five rigs operating 24 hours/day on holes BSM026 to BSM030. The balance of the cores for holes BSM005 - BSM025 are in the course of core preparation, shipment and assay. Core preparation has, however, been slower than expected due to the hard nature of the core samples. The Company is pleased to report, though, that it has now increased its core preparation capacity and expects the preparation activity to have caught up with the drilling programme by the end of this month. The timing of assay results nevertheless remains dependent on the laboratory which, as is common throughout the industry at present, is currently working at capacity. To date, the Company has completed drilling approximately 12,600 meters of its initial 18,615 metre drill programme designed to confirm the historical mineralisation and to define a JORC compliant resource at Basay. The drill programme will also test the extension of known mineralisation at depth and along strike. CDC has a 70% interest in the Basay Project. The initial programme of 18,615 metres of drilling is expected to be completed in the fourth quarter, after which the Company expects to release a JORC-compliant resource at Basay before the end of the year. Mitch Alland, Executive Chairman of CDC, commented: "The high grade results from this latest hole continue to confirm the exciting high gradepotential of the Basay Project. We are extremely excited by the project as these latest results continue to confirm not only the high grade of copper, but also the presence of significant by-product credits in molybdenum, silver and gold."

Drilling results at the Basay Project continue to demonstrate high grades Copper Development Corporation (AIM: CDC) is pleased to report that assay results from drill hole BSM004 at its Basay Project in Negros, Philippines continue to confirm the presence of long drill intervals of significant high grade copper-molybdenum-silver-gold mineralisation. BSM004 Summary Data § 368 metres grading 0.57% Cu eq.* - Including 168 metres grading 0.85% Cu eq.* - Including 54 metres grading 1.10% Cu eq.* - Including 9 metres grading 1.62% Cu eq.*

http://www.investegate.co.uk/Article.aspx?id=201109120700179949N

Sabien Technology Group plc ("Sabien" or "the Company") Contract win Sabien, the manufacturer and supplier of M2G, a patented energy efficiency technology, is pleased to announce it has received a further order from Monteray Ltd ("Monteray") for £260,250 for M2G installations within the BT Group plc estate. The total value of the three orders received since the start of our new financial period now stands at £650,625. Under this contract the company is anticipating receiving a further order and will update the market as and when it is appropriate do so. The orders received to date will be recognised as sales revenue during the current financial year to 30 June 2012.

http://www.investegate.co.uk/Article.aspx?id=201109120700190039O

Peter Spivey, Chief Executive of Cluff Gold, commented: "We are pleased to report our interim results for the Company. We remain on track to deliver our production target of 70,000 ounces for the year at Kalsaka and are very encouraged by the production levels achieved in recent months, with 16,000 ounces produced in July and August 2011. We anticipate our H2 production levels and cash generation to be ahead of that seen in H1 2011. Our strong balance sheet and significant operating cash flow ensure that we have the resources to fulfil our vastly accelerated exploration plans across all assets. The addition of Peter Brown further strengthens our experienced management team and is another important step towards realising our new exploration goals. The Company's efforts remain focused on developing Baomahun and we look forward to reporting our definitive feasibility study during Q4 2011. We also believe in the long term sulphide potential of the Angovia asset, where the commencement of diamond drilling is as important as the resumption of processing in H2 2011, with full operational production targeted for Q1 2012. I echo our Non-Executive Chairman's belief that the Company has the potential to be a 250,000 ounce per annum producer by 2013, which is within eight years of the foundation of the Company."

Cluff Gold: Interim Results 2011 LONDON, UNITED KINGDOM--(Marketwire - Sept. 12, 2011) - Cluff Gold (AIM:CLF)(TSX:CFG), the dual AIM/TSX-listed West African focused gold mining company, announces its interim results for the half-year ended 30 June 2011. HIGHLIGHTS -- H1 2011 Group EBITDA: US$11.1m (158% increase over US$4.3m in H2 2010; H1 2010: US$18.4m) -- Kalsaka production in H1 2011 of 31,518oz at US$842/oz (H2 2010: 33,242oz at US$943/oz; H1 2010: 40,831oz at US$672/oz) -- Strong start to H2 at Kalsaka, with 16,000oz production in July and August 2011 as grades strengthen - the Company remains on track to meet 2011 target of 70,000oz production -- Cash and cash equivalents of US$17.7m as at 30 June 2011 (31 December 2010: US$20.9m; 30 June 2010: US$8.1m) -- Exploration expenditure increased to US$10.2m (H2 2010: US$3.0m; H1 2010: US$3.1m) as the Company accelerates activity at Baomahun and Kalsaka, supported by strong operating cash flow from Kalsaka -- Leaching recommenced at Angovia, with resumption of full operations targeted for Q1 2012 Corporate: -- Algy Cluff appointed Non-Executive Chairman -- Peter Brown appointed Group Exploration Manager, with over 25 years of exploration experience across Africa and South America

http://www.investegate.co.uk/Article.aspx?id=20110912070006M1504

Significant Upgrade to Tsimiroro Resources Madagascar Oil (AIM: MOIL) is pleased to announce a significant upgrade in Contingent and Prospective Oil-in-Place for the Tsimiroro field (Block 3104) in Madagascar. Netherland, Sewell & Associates Inc. (NSAI) has revised its resource estimate in respect of the Tsimiroro field in view of the data acquired by Madagascar Oil's 24 well drilling campaign undertaken in the second half of 2010. The best estimate for Contingent Original-Oil-in-Place (OOIP) has increased from 965 million barrels for the Tsimiroro field to a new Best Estimate of 1.7 billion barrels. In advance of the submission to the Company of the full report, which is expected in Q4 2011, NSAI has provided an initial report of their findings. It is significant to note that the new Contingent OOIP Low Estimate exceeds the previous Best Estimate by 15%. The Best Estimate figure of 1.688 billion barrels represents an increase of 75% and exceeds the total of the former Contingent and Prospective cases combined.

http://www.investegate.co.uk/Article.aspx?id=201109120700210143O

Peter Buchanan, CEO, commented: "Following our recent strong interim financial results, we are pleased to firm-up the remainder of our 2011 exploration programme. Both individually and collectively, the prospective resources targeted by the Orchid, Tryfan and Zapffe exploration wells are material to Valiant and demonstrate our ability to deliver a significant exploration programme in addition to our on-going production and development operations."

Exploration Programme 2011 Update Valiant Petroleum plc ("Valiant" or the "Company") is pleased to provide further detail on its exploration programme for the remainder of 2011 as announced with the Company's Interim results on 31 August. The programme will target over 30 million barrels of oil equivalent ("mmboe") of prospective resources net to Valiant from three committed wells. The Sedco 711 semi-submersible rig has recently been contracted to drill the Orchid prospect (Valiant, 30%) located in UK Block 29/1c with an anticipated spud date in the middle of the fourth quarter. The Orchid prospect is a dual target opportunity in four-way dip closure at Tertiary and Chalk level and is located in the Central North Sea surrounded by the producing Banff, Kyle, Bittern and Gannet group of fields. Gross prospective resources associated with the entire Orchid prospect are estimated by Valiant to be 30 mmboe (net 9 mmboe). Orchid is located adjacent to acreage Valiant acquired earlier in the year from Sterling Resources (U.K.) Ltd, which contain similar follow-on opportunities. The joint venture partners of the Tryfan prospect (Valiant, 33.33%) located in UK Block 3/17 have recently agreed an exploration well for the fourth quarter of 2011. The operator, Apache North Sea Limited, is currently considering a number of semi-submersible rig options for the well and anticipates making a decision in the coming weeks. Tryfan is an Eocene stratigraphic channel-sand play which benefits from a strong seismic amplitude response and is located close to existing infrastructure. Gross prospective resources associated with Tryfan are estimated by Valiant to be 24 mmboe (net 8 mmboe). The final well in Valiant's 2011 exploration programme drilling in the late fourth quarter, the high-impact Zapffe prospect (Valiant, 10%), is located in the Norwegian Barents Sea and will represent Valiant's second Norwegian exploration well following the acquisition of Sagex Petroleum ASA in July 2011. The Zapffe prospect will be drilled by the Aker Barents semi-submersible rig and is targeting a Lower Cretaceous/Upper Jurassic pinch-out play located adjacent to the large Goliat discovery made in 2000 and benefits from an electromagnetic anomaly. Gross prospective resources associated with Zapffe are estimated by Valiant to be 170 mmboe (net 17 mmboe).

http://www.investegate.co.uk/Article.aspx?id=201109120700210134O

Horizonte CEO Jeremy Martin said, "These latest drill results covering the Baião and Pequizeiro targets continue to demonstrate the consistent high nickel grades and excellent lateral continuity of mineralisation delineated at Araguaia to date. The continued expansion of these high grade zones will be important for the overall project economics. The multi rigdrilling programme is running to schedule and we are on target to announce a resource upgrade in Q4 2011 at Araguaia. Wardell Armstrong International is also due on site this month to commence work on the Preliminary Economic Assessment and the Environmental Baseline study, and I look forward to updating shareholders on project developments as we continue to fast-track this exciting nickel project towards the Feasibility stage."