Bloe Energy PLC rose 5.7% to 1.48p after reporting good progress in testing the JKT-01Z well.
Initial production rates were 344 barrels of oil equivalent per day.
The Republic of Georgia-focused explorer added that the rapid monetization of oil and gas production should make Block’s monthly cash flow positive.
1:45 p.m.: Creo gets a licensing boost
Creo Medical Group PLC (AIM:CREO) has signed contracts with a “number” of potential licensing partners for its Kamaptive surgical technologies.
Specifically, the interest is in the company’s SpydrBlade, Cool Plasma and MicroBlate products.
The news sent the shares up 3.6% to 129p.
1:40 p.m.: GYG backed by contract progress at Nobiskrug shipyard
GYG PLC (AIM:GYG), the superyacht company, was boosted by news of the resumption of action at the Nobiskrug shipyard.
The shipyard went into administration in April 2021, leaving GYG dry with unpaid bills worth around 2.8 million euros.
GYG said the position on the reclamation project (the largest of three ongoing corporate contracts) is now resolved. New contracts were concluded and GYG received a payment of approximately 2 million euros relating to historical works.
12:45: De La Rue shares – aren’t they worth the paper they’re not printed on?
De La Rue PLC (LSE:DLAR), no stranger to stock market crashes, fell 23% to 115.91p after a profit warning.
The banknote printer (ask your dad what this is) said its operations had been hit by high levels of employee absences due to the COVID-19 pandemic, chip shortages IT and raw materials and by rising supply chain costs.
Adjusted operating profit of £36-40m is forecast for the year to March 26, 2022, similar to last year and below market expectations of £45-47m.
11:50 a.m.: Microlise warns of continuing supply chain issues
Microlise Group PLC (AIM:SAAS) fell 18% to 167.5p after warning of ongoing supply chain issues.
The provider of transport management software for automotive fleet operators said in a business update that it remains confident in the group’s future growth which is supported by long-term structural drivers, despite persistent operational challenges caused by the pandemic and the worldwide shortage of microchips.
The council expects these supply chain issues to last longer through 2022 than previous industry estimates.
10.55am: Tintra calms nerves as he says funds from share issue will be received soon
Tintra PLC (AIM:TNT) rose 6.7% to 320p after the investment firm said it expected to receive money from its recent share subscription soon.
Completion of the funds transfer was expected by all parties on Friday, but it was not possible before the close of business.
Due to the size of the payment ($1 million), a final verbal security check is required in order to process the payment to the company, he added.
10:00 a.m.: Spectra Systems pops up on contract news
Spectra Systems Corporation (AIM:SPSY) rose 6.3% to 159.5p in early deals after announcing three deals that will generate an additional $700,000 in revenue this year.
The banknote authentication specialist said its largest central bank client increased the size of an order for secret materials by 20%, while nearly doubling the value of its sensor service contract.
This service contract will continue with the deployment of new sensors under development and will overlap with an advance service contract specific to the next generation of sensors, Spectra said.
9:05 am: Touchstar sparkles as it raises expectations
Touchstar PLC (LSE:TST), up 17% to 91p, was the biggest riser on Monday morning after boosting its earnings and cash generation forecast for 2021.
The mobile data computing solutions provider said pre-tax profit in 2021 is expected to be roughly triple what it was in 2020 with “significantly stronger than expected” cash generation.
The group, which has moved to a software-as-a-service (SasS) model – which usually involves an initial impact on revenue – said its outlook looked more positive and more certain than it had for a long time, with SaaS revenue growth likely to outpace overall business growth.
Gulf Marine Services PLC (AIM:GMS) slipped 7.2% to 5.93p after earnings forecasts failed to get the pulse racing.
The provider of advanced self-propelled and jack-up support vessels serving the offshore oil, gas and renewable energy industries said vessel utilization for 2021 was 85% in line with expectations.
As a result, underlying earnings (EBITDA) are expected to be between $63 million and $65 million and within the previous guidance range. EBITDA guidance for 2022 is expected to be between US$70m and US$80m, which remains in line with market expectations and is supported by improving business conditions.