(Alliance News) - Mast Energy Developments PLC on Friday said it has further extended the completion long-stop date for its joint venture agreement with an institutional investor-led consortium led by Seira Capital Ltd. Read More
(Alliance News) - Mast Energy Developments PLC on Friday said its interim loss widened on higher costs, while revenue fell. Read More
Mast Energy Developments PLC - London-based company which operates reserve power generation plants in the UK - Extends the completion long-stop date for the first definitive and binding joint venture agreement due to "exceptional circumstances". The revised date is now expected around August 31. Mast Energy is a subsidiary of Kibo Energy PLC. Read More
(Alliance News) - Kibo Energy PLC on Thursday it has sought funding to address a liquidity crunch, as the company continued to post a loss in 2022. Read More
Mast Energy Developments PLC - London-based company which operates reserve power generation plants in the UK - Allots 11.7 million new shares following receipt of conversion notices from the institutional lender group under the terms of the recent reprofiling agreement on the balance of its outstanding loan facilities announced last week Wednesday. Read More
(Alliance News) - Shares in Mast Energy Developments soared by over 50% on Thursday after it agreed to a joint venture to create a 50 megawatt portfolio of gas peaker plants. Read More
(Alliance News) - Mast Energy Developments PLC said on Friday its annual loss widened and warned that it might not be able to meet its debt obligations due to a cash crunch. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says investee Mast Energy Developments PLC's nine-megawatt Pyebridge synchronous gas-powered flexible generation facility has obtained new capacity market contracts at "considerably" higher values following auction. Says new contracts will significantly enhance the facility's revenue profile and profitability. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - In July, Kibo received 28.7 million new shares in Mast Energy Developments PLC, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd. Kibo has now sold 7.4 million of the shares for GBP239,514. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Mast Energy Developments PLC - London-based developer of reserve power generations plants - Completes the sale and purchase agreements to buy ARL 018 Ltd and ADV 001 Ltd, whose principal assets are two reserve power projects. Says the total purchase price amounts to GBP350,000. Read More
Kibo Energy PLC - Galway, Ireland-based energy company - Posts revenue of GBP305,384 in the six months to June 30, compared to none a year ago. Pretax loss widens to GBP2.0 million from GBP1.8 million, as administrative expenses increase by 9.1% to GBP1.2 million from GBP1.1 million a year ago. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Receives 28.7 million new shares in Mast Energy Developments PLC at a price of 3.48 pence each, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd. Read More
Mast Energy Developments PLC - London-based developer of reserve power generations plants - The 9 megawatt Pyebridge synchronous gas-powered standby generation facility generates power sales revenue of GBP130,000 in the three months to May-end, at an average price of GBP354 per megawatt hour. Company says this is five times higher than the average price at its IPO in April 2021. Electricity generation output at the site totals 371 megawatt hours. Read More
Kibo Energy PLC - group with energy projects in Africa and UK - Appoints Cobus van der Merwe as its new chief financial officer from June 1. The current finance chief, Pieter Krugel, is leaving Kibo to join Mast Energy Developments PLC as chief executive from June 1. Read More