i3 Energy (I3E), an independent oil and gas company, announced a production update.

Author @ZaksTradersCafe

The company said it recently reached a production rate of 22,000 barrels of oil equivalent per day, comprised of field estimate sales equalling 69 million standard cubic feet of gas per day, 6,470 barrels per day of natural gas liquids and 4,030 barrels per day of oil & condensate, inclusive of royalty production. The company is positioned to execute on the balance of its 2022 drilling programme and remains on track to reach 24,000 boepd by year end.

Serica Energy (SQZ) announced its financial results for the six months ended 30 June 2022. The company said net production in the first half of 2022 was 41% higher than the first half of 2021. BKR cash flow sharing arrangements have now come to an end after four years during which the Company shared the net cash flow with the vendors of the relevant assets. It now retains 100% of the net cash flow from BKR.

United Oil & Gas (UOG), the growing oil and gas company, announced its unaudited financial and operating results for the half year ended 30 June 2022. The company said it is looking forward to drilling both the ASH-4 development well and ASF-1X exploration well on the Abu Sennan licence by the end of the year. Successful outcomes on these wells have the potential to significantly increase production levels, add reserves, and boost the longer-term value of the Abu Sennan licence.

Afentra (AET), the upstream oil and gas company, announced its half year results for the six months ended 30 June 2022. The company said the first half of 2022 marked a transformational period, including the foundational asset transaction with Sonangol enabling entry into Block 3/05 in Angola. Following Period end, Afentra announced an incremental transaction with INA gaining additional exposure to the high quality 3/05 block and the adjacent 3/05A block.

LifeSafe (LIFS), a fire safety technology business, reported its maiden unaudited Interim Results for the six months ended 30 June 2022. Revenue was up significantly to £1.3 million (H1 2021: £41,000), almost twice the revenue of FY21 in H1 2022. Gross profit of £709,000 at 56% margin (H1 2021: gross loss of £61,000 at (149%) margin). The company said in H1 2022 it almost doubled the revenues that generated in all of 2021 and this strong momentum has continued into H2 2022 with revenues continuing to grow ahead of the Board’s expectations.

Cora Gold (CORA), the West African focused gold company, updated on the Definitive Feasibility Study for the Sanankoro Gold Project in southern Mali. The Company has previously stated the DFS for Sanankoro is expected to be completed in the third quarter of 2022. Whilst a number of the DFS work streams are substantially completed, the company is continuing to optimise various aspects of the study. As such the company will provide an update to the market on the DFS during the fourth quarter of 2022.

MC Mining (MCM) announced a fully underwritten 1.012 for 1 pro rata renounceable rights issue offer of New Shares to raise gross proceeds of A$40 million. Net proceeds will be used to fund the equity contribution requirement in relation to the continued development of the Makhado Project and to repay the Standby Facility.

We may now be finding out why Posh has been looking somewhat down in the mouth of late. Guild Esports (GILD), a global team organisation and lifestyle brand, announce that it has renegotiated the terms of a five-year agreement with Footwork Productions Ltd. that will reduce the company’s total minimum payment obligations by £7.5m over the next two years. The original agreement enabled the company to procure David Beckham’s services as a brand ambassador in return for 15% of all merchandising and sponsorship revenues, with total minimum guaranteed fees of £15.25m payable in cash instalments over the five-year lifetime of the deal. Nice “work” if you can get it.

Block Energy (BLOE), the exploration and production company focused on Georgia, announced that the deepening of the JSR-01 well has been completed safely, on time, on plan, and below budgeted cost.

Digitalbox (DBOX), the mobile-first digital media business, published its interim results for six months to 30 June 2022. The company said the strong first-half performance and its optimised operating model, mean it is confident that it can cope with the economic headwinds expected to impact global advertising revenues in the second half.

Instem (INS), a provider of IT solutions to the global life sciences market, announced its unaudited half year results for the six months ended 30 June 2022. Total Group revenues increased by 39% to £27.6m (H1 2021: £19.8m). Recurring revenue (annual support and SaaS) increased 62% to £16.0m (H1 2021: £9.9m) with SaaS increasing 29% to £6.3m (H1 2021: £4.9m). The company said the combination of continued underlying growth and the contribution of acquisitions meant that this was another strong period.

S&U (SUS), the specialist motor and property bridging finance lender, has announced its results for the six months ended 31 July 2022, showing a strong first half for both Advantage Finance and Aspen Bridging. Profit before tax: £20.9m (H1 2021: £19.9m). The company said current trading in both of S&U’s businesses is very encouraging.

Open Orphan (ORPH), (to be renamed hVIVO (HVO) effective 26 October 2022), a specialist contract research organisation, announced that three presentations discussing the data and learnings from recent clinical studies and projects will be presented at two upcoming conferences taking place in Belfast, Northern Ireland. OPTIONS XI for the Control of Influenza is being held 26 – 29 September 2022. The 12th International RSV Symposium will take place on 29 September to 2 October 2022.

Tiger Royalties (TIR) announced its interim results for the six months to 30 June 2022. The company said it is of the view that a material correction in stock markets is necessary before new real trends are evidenced and it is likely that this correction may well be underway.

Boku (BOKU), a provider of global mobile payment solutions, announced unaudited interim results for the six months ended 30 June 2022. The company said its efforts on eWallets and real-time payments are being validated. In the first half the number of Monthly Active Users of these new payment methods increased 8-fold and value processed increased by 11 times. It launched into new merchant verticals, such as ride sharing, and into new territories such as Vietnam, Pakistan and Nigeria

Author @ZaksTradersCafe

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