Top 5 Most Read RNS's on Vox Markets for Tuesday 7th March 2023

Episode 1235,   Mar 07, 2023, 08:06 AM

Top 5 Most Read RNS's on Vox Markets for Tuesday 7th March 2023

5. Saietta Group #SED - Operational, Trading, and Management Update

FY 2022/23 revenues are expected to now grow by 40% year on year vs FY 2021/2022 and the outlook for FY 2023/24 indicates further growth of at least 100% year on year.

Overall, the Board of Saietta is confident that the Company is now in position to fully finance the coming financial year (2023/24) without recourse for further external fundraising.

The Company's cash balance as at 28th February 2023 was circa £11 million.

Wicher (Vic) Kist has proposed to focus primarily on strategic business development, particularly with the objective of accelerating the market development for our Propel marine division. Accordingly, as and when the details of Vic's role with the Group are agreed the Board will communicate the associated management structure changes.

4. Predator O&G #PRD - MOU -1 Testing Update

Predator Oil & Gas announces an update on the proposed testing of the MOU-1 well drilled and completed in 2021 in the area of the the Guercif Petroleum Agreement onshore Morocco.

MOU-1 rigless well testing programme submitted for regulatory approvals.

Planning of the next stage of drilling operations likely to be completed soon after MOU-1 rigless testing

3. Afentra #AET - Update on the Angolan Acquisitions

On 12 January 2023, the Company announced receipt of approval from the Ministry of Mineral Resources, Oil and Gas for the acquisition of a 4% interest in Block 3/05 and a 4% interest in Block 3/05A offshore Angola from INA-Indstrija Nafte d.d.

We continue to work with INA to finalise formal completion of this acquisition, however due to documentation delays this process has taken longer than anticipated. Completion is still expected to occur ahead of the INA Acquisition SPA long stop date of 17 April 2023.

2. In The Style Group #ITS - Completion of strategic review

The Independent Directors intend to recommend that Shareholders approve the Sale for a total cash consideration of £1.2 million.

The Company is seeking the approval of Shareholders to cancel the ordinary shares in the capital of the Company to trading on the AIM market of London Stock Exchange.

1. Argo Blockchain #ARB - February Operational Update

During the month of February, Argo mined 162 Bitcoin or Bitcoin Equivalents or 5.7 BTC per day. This is an increase of 7% over the 5.4 BTC per day produced in January 2023. The Company was able to achieve this increase in daily BTC production despite a 10% increase in average network difficulty in February compared to the prior month.

As of 28 February 2023, the Company held 101 Bitcoin or Bitcoin Equivalents.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in February amounted to $3.76 million [£3.09 million] (January 2023 $3.42 million [£2.80 million].