Top 5 Most Read RNS's on Vox Markets for Tuesday 23rd May 2023
Episode 1445, May 23, 2023, 06:59 AM
Top 5 Most Read RNS's on Vox Markets for Tuesday 23rd May 2023
1. Baron Oil #BOIL - Final Results for the Year Ended 31 December 2022
During the year, both the Chuditch PSC and Dunrobin projects, were subject to intensive technical work aimed at maturing the assets to "drill ready" status.
Cash Reserves at 31 December 2021 were £5,807,000 (31 December 2021: £1,650,000).
Loss after taxation of £1,387,000 (2021: £1,127,000 loss).
Delivery of the reprocessed Chuditch 3D seismic data and its interpretation significantly improved the subsurface image, enabling for the first time, the delineation of the Chuditch discovery and its adjacent prospects.
2. XP Factory #XPF - Final results for the year ended 31 December 2022
£22.8m Group revenue - up 228% vs prior year (2021: £7.0m)
£2.6m adjusted EBITDA pre IFRS16 (2021: loss £0.6m)
£1.3m Group operating profit (2021: loss of £0.5m)
35% return on capital across Escape Hunt owner operated estate
£3.2m cash at year end (2021: £8.2m) and £4.0m on 30 April 2023
3. Kistos Holdings #KIST - Completion of Mime Petroleum Acquisition
Kistos announce the completion of the acquisition of all of the outstanding shares of Mime Petroleum.
Completion of the acquisition marks Kistos' entry into the Norwegian Continental Shelf and adds 24 MMboe of 2P reserves (operator estimate) plus 30 MMboe of 2C resources, increasing total Group reserves plus resources to approximately 80 MMboe.
The acquisition will also add over 2,000 boe/d of production immediately and help to boost Group output to in excess of 15,000 boe/d in 2025 once the Jotun FPSO is on production.
4. Canadian Overseas Petroleum #COPL - Gas Gathering System Construction Progress
Canadian Overseas Petroleum announces a project construction update for the gas gathering system at its Barron Flats Shannon oil production Unit.
Construction is scheduled to take two to three months and Phase 1a is budgeted at up to $4.5 million, funded by proceeds of COPL's recent convertible bond financing.
5. Physiomics #PYC - Trading Update
Due to unforeseen delays in data delivery to Physiomics for contracted projects and the signing of a project with a potential new client, the Company's total income for the financial year ending 30 June 2023 is likely to be more than 10% lower than the £750k stated in its previous guidance announced on 4 April 2023.
The Board now expects that total income for this period will be approximately £660k.
1. Baron Oil #BOIL - Final Results for the Year Ended 31 December 2022
During the year, both the Chuditch PSC and Dunrobin projects, were subject to intensive technical work aimed at maturing the assets to "drill ready" status.
Cash Reserves at 31 December 2021 were £5,807,000 (31 December 2021: £1,650,000).
Loss after taxation of £1,387,000 (2021: £1,127,000 loss).
Delivery of the reprocessed Chuditch 3D seismic data and its interpretation significantly improved the subsurface image, enabling for the first time, the delineation of the Chuditch discovery and its adjacent prospects.
2. XP Factory #XPF - Final results for the year ended 31 December 2022
£22.8m Group revenue - up 228% vs prior year (2021: £7.0m)
£2.6m adjusted EBITDA pre IFRS16 (2021: loss £0.6m)
£1.3m Group operating profit (2021: loss of £0.5m)
35% return on capital across Escape Hunt owner operated estate
£3.2m cash at year end (2021: £8.2m) and £4.0m on 30 April 2023
3. Kistos Holdings #KIST - Completion of Mime Petroleum Acquisition
Kistos announce the completion of the acquisition of all of the outstanding shares of Mime Petroleum.
Completion of the acquisition marks Kistos' entry into the Norwegian Continental Shelf and adds 24 MMboe of 2P reserves (operator estimate) plus 30 MMboe of 2C resources, increasing total Group reserves plus resources to approximately 80 MMboe.
The acquisition will also add over 2,000 boe/d of production immediately and help to boost Group output to in excess of 15,000 boe/d in 2025 once the Jotun FPSO is on production.
4. Canadian Overseas Petroleum #COPL - Gas Gathering System Construction Progress
Canadian Overseas Petroleum announces a project construction update for the gas gathering system at its Barron Flats Shannon oil production Unit.
Construction is scheduled to take two to three months and Phase 1a is budgeted at up to $4.5 million, funded by proceeds of COPL's recent convertible bond financing.
5. Physiomics #PYC - Trading Update
Due to unforeseen delays in data delivery to Physiomics for contracted projects and the signing of a project with a potential new client, the Company's total income for the financial year ending 30 June 2023 is likely to be more than 10% lower than the £750k stated in its previous guidance announced on 4 April 2023.
The Board now expects that total income for this period will be approximately £660k.