EARNINGS UPDATES: Cornerstone widens loss; Medica doubles profit
27th Sep 2022 12:23
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday 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 Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - President Energy PLC shares jumped on Friday said it expects its Argentina arm to generate USD40 million in revenue during 2022. Read More
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Reports there was a fire at its Puesto Flores facility in Rio Negro, Argentina. Says the fire was limited to an area containing separator units and extinguished immediately. Notes minor damage at the facility with oil production capability "totally" unaffected. Firm launches an investigation into the causes of the fire with the intention to restart the plant without delay. Read More
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Opens three new wells at the Puesto Guardian Concession, Salta Province, Argentina, which are each producing in the range of 125 to 185 barrels of oil per day. Adds that oil prices continue to climb, with oil prices in its Neuquen Basin area at around USD67 per barrel. The price of its export cargo sold in July was USD105.8 per barrel. "Being a US dollar based business insulates President to a material degree from the high inflation unfortunately suffered in Argentina at present," the company adds. Read More
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Says Green House, its 75%-owned unit which eyes investing in alternative energy, will source, seed finance and incubate early-stage opportunities in the green and/or alternative energy sub-sector. "GH is intended to hold its interest in each business within a separate special purpose legal entity domiciled in an appropriate jurisdiction for business efficacy," President Energy says. In addition, President strikes deal with state-owned Argentina energy and mining resources firm REMSA. REMSA is responsible for managing energy and mining resources at Province of Salta, where much of Argentina's lithium is found. Read More
(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - President Energy PLC performed well in a "tricky" year, said broker finnCap following the oil & gas company's results. Read More
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Swings to a pretax profit of USD5.7 million in 2021, from a loss of GBP10.3 million the previous year. Revenue rises 23% to USD34.1 million from USD27.8 million as a result of a recovery in commodity prices in Argentina and the US, company explains. Net production averages at 2,473 barrels of oil equivalent per day in the year, down from 2,714boepd a year prior. However, average product price rises to USD40.7 per barrel of oil equivalent from USD30.0 per boe the previous year. Read More
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Says well PG13-1 is now successfully in production, producing over 200 barrels of oil per day. Well PE-8, which has not flowed oil for many years, is worked over and is now in production. Well PE-8 produces at 10 barrels of oil per day. Notes increase in domestic crude sales, with prices currently at USD66 per barrel - an increase of 12% against the start of the year. Read More
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Says Argentine subsidiary's pretax profit for the first three months of 2022 is USD5.3 million. Revenue is USD8.7 million, and President projects revenue in Argentina for the full year will be USD40 million. President doesn't provide comparisons. A mini-bond issued in November means it now has to report the results for subsidiary President Petroleum SA on a quarterly basis. Average oil price received in Rio Negro of USD54 per barrel. Since the quarter end, this has increased by 8% and is projected to increase further this year. 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
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday 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 Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News: Read More
TRADING UPDATES: Wheaton Precious 2021 production meets guidance Read More
IN BRIEF: President Energy transfers Argentinian interests to Puesto Read More
TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends Read More
AIM WINNERS & LOSERS: UniVision Hong Kong contract hits snag Read More