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Proactive news summary: Active Energy, China Nonferrous, Centralnic, Egdon, Europa, GKP, Galasys ...

While the world’s stock markets fretted over a possible exit from the Eurozone by Greece, life went on much as normal for the small caps.

While the world’s stock markets fretted over a possible exit from the Eurozone by Greece, life went on much as normal for the small caps.

In the technology sector them park software firm Galasys (LON:GLS) unveiled new contract wins in China and Malaysia worth around £457,000.

Intellectual property group Tekcapital (LON:TEK) has snapped up the rights to technology that allows smartphones and smart watches to use energy from human movement.

The device can be inserted into shoes, clothing, sporting goods or recreational equipment to generate energy from vibrations created by movement.

Internet domain name specialist CentralNic (LON:CNIC) says the introduction of the .BANK domain name will help combat online fraud.

Today, the firm revealed that the .BANK domain names are now available through its London-based division CentralNic FinTech; this new end-part to Internet addresses is an alternative to the likes of .COM and .CO.UK forms part of a restructuring of the Internet by regulator ICANN, the group said.

In the oil sector, David Lenigas’s UK Oil & Gas (LON:UKOG) has struck a deal with Egdon Resources (LON:EDR) to acquire a 20% stake in the Holmwood project in the Weald basin in the south east of England.

Holmwood, which is operated by Europa Oil & Gas (LON:EOG), lies in the exploration licence adjacent to the UKOG’s Horse Hill project and it is also in the same neighbourhood as UKOG’s Brockham field.

Petroceltic International (LON:PCI) is contemplating a US$175mln bond financing.

The financing would fund its share of capital spending at the major Ain Tsila gas project, in Algeria, and also re-finance up to US$50mln of bank debt.

Gulf Keystone (LON:GKP) said payments totalling US$9.8mln were recently received for domestic deliveries.

LGO Energy (LON:LGO) chief executive Neil Ritson says he is happy with the latest production testing results at the Goudron field in Trinidad, though flow rates from the wells won’t be revealed to investors until all three wells have been completed and stable flow rates established. It is expected that this will happen in the first half of next month.

Oilex (LON:OEX) has confirmed the start of gas sales from the Cambay field in India. Cambay-73’s average daily production rate is around 50 barrels oil equivalent per day, and the well has demonstrated deliverability in excess of 95 boepd during start-up operations.

Northcote Energy (LON:NCT) has agreed to sell a non-core asset in Oklahoma to a private buyer.

The oil and gas junior will receive US$75,000 for its 100% stake in the East Blackwell Skinner Sand Unit in Kay County.

Savannah Resources (LON:SAV) has identified a number of high priority exploration targets at Block 4 in Oman following a recent airborne survey.

The explorer has also raised £0.55mln to start work on a resource definition and scoping study at the Mutamba/Jangamo mineral sands joint venture with Rio Tinto in Mozambique.

Trinity Exploration & Production (LON:TRIN) continues to work extremely hard to monetise assets, chief executive Joel ‘Monty’ Pemberton told investors today.

Among the mining fraternity, Xtract Resources (LON:XTR) revealed it has bought a new project in Mozambique scheduled to become the country’s first commercial gold mine.

The Manica gold licence will cost Xtract US$12.5mln and includes the Fair Bride open pit project, where a bankable feasible study (BFS) is due in six months and production a year later.

SolGold (LON:SOLG) has completed its eleventh hole at the Cascabel copper/gold project in Ecuador. A second drilling is currently being modified and expected to be on site in July.

China Nonferrous Gold (LON:CNG) revealed the rate of construction at the gold Pakrut project has now stepped up and production is expected to start at the end of October this year.

Copper production at Central Asia Metals’ (LON:CAML) Kounrad operation in Kazakhstan has been disrupted by a problem with the solvent extraction section.

Guidance for 2015 is currently 13,000 tonnes of copper, but the incident will have an impact on this figure. No one was hurt.

Lastly, wood chip supplier Active Energy (LON:AEG) has raised £1mln through a placing with fund manager Ruffer to buy equipment to meet rising MDF demand in Turkey.

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