Greatland Gold (LON: GGP) increased the proceeds from the placing announced yesterday from £25m to £29.7m. The placing price is 8.2p. Managing director Shaun Day is acquiring 714,000 placing shares, taking his stake to 1.089 million shares. The shares fell 8.6% to 8.5p.
Problems with the Saturn Banks phase 1 development have offset the initial revenues generated by Independent Oil and Gas (LON: IOG) in the six months to June 2022. This means that full year gas production guidance has been reduced from 45-60mmcf/day to 30-50mmcf/day. Operating costs will be higher. The interim revenues were £30.2m and full year revenues of £86.2m are forecast and that could generate pre-tax profit of £50m. The share price slumped 18.8% to 31.9p.
Angus Energy (LON:ANGS) is the best performer on the day with a 26% rise to 1.575p. Angus Energy has produced well head gas at its extraction and processing facility at Saltfleetby. Well B2 is producing five million standard cubic feet of gas per day, which is more than expected.
Record quarterly production of 14,467 barrels of oil a day helped PetroTal Corp (LON: PTAL) to generate net operating income of $98.6m in the second quarter of 2022. Free cash flow was $69.4m in the first six months of 2022. Production levels continue to increase, and it got near to the 26,000 barrels of oil a day capacity of the central processing facility. The PetroTal share price is 16.3% higher at 48.25p.
Rare books dealer Scholium Group (LON: SCHO) returned to profit in the year to March 2022 and it continues to trade profitably. The return of trade fairs has helped. Revenues from continuing operations improved from £5.15m to £8.13m. The pre-tax profit of £177,000 was after £240,000 of charges relating to the closure of Mayfair Philatelic. Net cash was £470,000 at the end of March 2022. NAV is 69p a share. The share price rose 7.14% to 45p.
Positive metallurgical results from the 100%-owned Molaoi zinc deposit in Greece helped shares in Rockfire Resources (LON: ROCK) rise by 4.2% to 0.375p. Commercially saleable grades of zinc, silver, lead, germanium, copper and gold have been discovered. Zinc recoveries of 89% and lead recoveries of 74% have been achieved and these recoveries could be improved.
Ex-dividends
Aferian (LON: AFRN) is paying a dividend of 1p a share and the share price has risen 0.5p to 131.5p.
Appreciate Group (LON: APP) is paying a final dividend of 1.2p a share and the share price has fallen 0.85p to 29.95p.
Arbuthnot Banking (LON: ARBB) is paying an interim dividend of 17p a share and the share price has declined by 12.5p to 865p.
Argentex Group (LON: AGFX) is paying a final dividend of 1.25p a share and the share price is 1.3p lower at 80.5p.
Breedon (LON: BREE) is paying an interim dividend of 0.7p a share and the share price is down 0.5p to 59.3p.
Brickability (LON: BRCK) is paying a final dividend of 2.04p a share and the share price has risen 0.3p to 81.5p.
Cake Box (LON: CBOX) is paying a final dividend of 5.1p a share and the share price is 4p lower at 181p.
Cohort (LON: CHRT) is paying a final dividend of 8.35p a share and the share price has fallen 6p to 534p.
First Property Group (LON: FPO) is paying a final dividend of 0.25p a share and the share price is unchanged at 30p.
Lendinvest (LON: LINV) is paying a maiden dividend of 4.4p a share and the share price fell 0.5p to 149.5p.
