North Sea oil and gas explorer Deltic Energy (LON: DELT) has revised its internal economic model for the development of the Selene project. This assumes first gas in 2029 at a production rate of 50mmcf/day and a post-tax NPV10 of $56m. The company is evaluating funding methods. The share price recovered 19.2% to 3.875p.
Solid State (LON: SOLI) has won a $25m communications equipment order that will be delivered in the year to March 2026. This order was expected last year. There will be investment in UK and US facilities to cope with greater defence demand. Zeus has increased its 2025-26 earnings forecast by one-fifth to 9.5p/share. The share price improved 15.4% to 202p.
Symphony Environmental (LON: SYM) says the results of a study by Intertek show that its d2w biodegradable technology does not create microplastics and becomes biodegradable compounds that are naturally recycled. The share price increased 10.5% to 3.15p.
Energy efficiency services provider eEnergy Group (LON: EAAS) has won three contracts in the health and education sectors. The total value is £936,000. The largest is with the Plymouth NHS Trust for LED lighting. The share price rose 5.2% to 4.25p.
FALLERS
Respiratory treatments developer Synairgen (LON: SNG) is asking for shareholder approval to leave AIM less than two months after TFG Asset Management subscribed £18m at 2p/share. A related fundraising did not reach the minimum to scale back the investment by TFG. The general meeting is on 28 March and the cancellation is expected on 9 April. The share price slumped 35.8% to 1.28p.
TV and film fleet services provider Facilities by ADF (LON: ADF) says that business continues to be weaker than expected and there are shorter lead times making it more difficult to forecast the outcome. The weaker demand has led to price competition. The 2025 forecast revenue have been cut by one-quarter to £42.6m, while the lower utilisation levels mean that pre-tax profit expectations are cut from £6.8m to £2.1m. The share price dived 26.8% to 20.5p.
TomCo Energy (LON: TOM) reported an increased loss of £6.34m, from £2.35m. There was £857,000 in cash at the end of September 2024. Subsidiary AC Oil is a party to an application for permitting to drill six holes on its lease area near Vernal, Utah. The share price slipped 10.5% to 0.0425p.
Audioboom (LON: BOOM) has secured a partnership with Sounder, which will provide AI capabilities to the company’s Showcase podcast platform operator to help with ad targeting and brand safety controls. Cavendish believes that this could provide upgrade potential to its 2025 forecast. It forecasts revenues of £80m and pre-tax profit of £4.1m. The share price fell 7.34% to 505p.