Peru-focused oil producer PetroTal Corp (LON: PTAL) says that the blockade of oil barge transportation has ended, and oil production is being ramped up. It is expected to reach 18,000 barrels of oil per day for the rest of December. The share price is 9.54% higher at 40.75p.
Blackbird (LON: BIRD) continues to rise following Tuesday’s announcement about progress with its partner EVS Broadcast Equipment, which has launched a new product including Blackbird’s video editing technology. The share price is 11.1% ahead at 15p today and it is up by one-quarter this week.
Biopesticides developer Eden Research (LON: EDEN) has secured Corteva France as exclusive distributor of biofungicide Mevalone in France. Mevalone is used to treat botrytis on grapes and other crops. Cenkos believes that the potential market is worth more than €50m. Corteva already has a relationship with Eden Research. The share price has risen by 6.19% to 6p.
Science Group (LON: SAG) has benefited from the relative strength of the US dollar and profit should be slightly ahead of expectations. The 2.25p a share bid for TP Group (LON: TPG) should be completed in early 2023. The total cash outflow should be less than £25m and the deal should be earnings enhancing. The share price has edged up by 3.95% to 395p.
Trackwise Designs (LON: TWD) is sliding closer to its 1p funding share price. It is down a further 34.3% to 1.15p.
Argos Resources (LON: ARG) is selling its PL001 production licence in the North Falkland Basin – near to the Sea Lion oilfield – to JHI. Argos Resources will receive shares in JHI, which has and interest in a project offshore of Guyana, plus cash to cover transaction costs. The PL001 licence has been extended to the end of 2024. Argos Resources is likely to have a 9.3% stake in unquoted JHI and that would be its only asset, so it will seek shareholder approval to leave AIM when the deal goes through. The share price has slumped 28.6% to 1.25p.
Clean energy technology company Libertine (LON: LIB) generated revenues of £600,000 in the first half, mainly from development work with Hyliion. Initial test results of the company’s powertrain technology have met expectations. Development spending is increasing. There was a £1.9m cash outflow in the period and cash was £4.8m at the end of September 2022. That should be enough cash for at least 12 months. The share price has declined by 21.2% to 13p. The December 2021 placing price was 20p.
Thor Mining (LON: THR) shares have declined following drilling results from the Kelly’s prospect at Ragged Range in the Eastern Pilbara. It has said that a previously announced sample was incorrectly analysed at the laboratory and it was not a high-grade result, instead it barely contained any gold. The recent results appear positive, but the share price dived by 19.1% to 0.275p. This is below the recent placing price.
Ex-dividends
Caspian Sunrise (LON: CASP) is paying a dividend of 0.04p a share and the share price is unchanged at 4.2p.
DSW Capital (LON; DSW) is paying an interim dividend of 1.76p a share and the share price is down 0.5p to 120p.
Mercia Asset Management (LON: MERC) is paying an interim dividend of 0.33p a share and the share price is unchanged at 33p.
MS International (LON: MSI) is paying an interim dividend of 2p a share and the share price fell 16p to 451p.
Northamber (LON: NAR) is paying a final dividend of 0.3p a share and the share price is unchanged at 43.5p.
Netcall (LON: NET) is paying a final dividend of 0.54p a share and the share price declined by 1p to 89.5p.
Numis Corporation (LON: NUM) is paying a final dividend of 7.5p a share and the share price is 5.9p lower at 182.7p.
Pittards (LON: PTD) is paying an interim dividend of 0.5p a share and the share price is unchanged at 61.5p.
Redcentric (LON: RCN) is paying an interim dividend of 1.2p a share and the share price slipped by 1p to 119p.
Supreme (LON: SUP) is paying an interim dividend of 0.8p a share and the share price is unchanged at 100.5p.
Vertu Motors (LON: VTU) is paying an interim dividend of 0.7p a share and the share price fell 0.2p to 52.5p.