Enwell Energy (LON: ENW) announced a 15p a share dividend. That sparked a 34.9% rise in the share price to 20.95p, which values the company at £67.2m. There was $88.7m in the bank at the end of 2022, including $6.9m in Ukrainian currency. This is the first good news for a while the Ukraine-focused oil and gas company is trying to find a UK auditor and two production licences were suspended earlier this month – they contribute 12% of production.
Bonhill (LON: BONH) has found a buyer for its loss-making US financial publishing business. KM Business Information US is paying $4.1m. A previous buyer tried to reduce the $6.5m original offer for the business. The share price jumped 21.1% to 5.75p.
Active Energy Group (LON: AEG) says that permission for the construction and operation of a CoalSwitch biomass fuel manufacturing facility at Player Design Inc’s site in Maine. This is conditional on certain data being provided within six months. Production of CoalSwitch pellets could start in the third quarter of 2023. There is further interest in licences from other potential US partners. The share price improved 15.7% to 5.15p.
SIMEC Atlantis Energy Ltd (LON: SAE) says Quinbrook Infrastructure Partners has requested to leas land at the company’s Uskmouth energy park in Wales for use for a battery storage project. That is expected to commence commercial operations in 2024. The share price rose 11.9% to 1.175p.
Maritime data company Windward (LON: WNWD) has launched Ocean Freight Visibility, which is a shipments analysis dashboard. Even so, the share price fell 8.89% to 41p.
Industrial lasers manufacturer 600 Group (LON: SIXH) made an operating loss of $2.4m in the year to March 2023. That is the result of several unprofitable contracts because the effect of inflation had not been taken into account. The order book is worth $7.8m. Tangible net assets are $11m. The share price is 7.25% lower at 8p.
SDX Energy (LON: SDX) says a suspended employee has raised concerns about financial and tax operations. SDX Energy says that they are “substantially without merit”. The oil and gas company has appointed former investment banker Daniel Gould as managing director and he will help with potential acquisitions. The share price declined 6.86% to 4.75p.
Last night Pantheon Resources (LON: PANR) said that 95.4 million shares issued in the recent fundraising are being admitted to AIM today. The other 8.78 million shares have not been issued because the subscription money has not been received, although it is expected in the next few days. The share price slipped 7% to 19.05p. The recent fundraising was at 17p.
