The company outlined a number of operational issues with the wells in the BNG contract area.
It also revealed that for the month of June total production from BNG was 38,571 barrels, down from 42,434 barrels in May.
The daily average production was 1,286 barrels of oil per day (bopd), down from 1,396 bopd in May.
1.30pm: Profit warning sends Lookers careering off the road
The group said that while the year had started “satisfactorily” with positive first-quarter trading, its second-quarter had proved “increasingly more challenging” due to a decline in new UK car registrations, weaker demand and margin pressure in the used car market.
As a result, Lookers said it expected its underlying pre-tax profit for the first half to be around £32mln compared to £43mln a year ago.
12.30pm: Angus Energy down in the dumps after investors' conference call
A particularly large number of questions were raised and included many directed at the recent works at Brockham and requests for information about forthcoming applications for planning consents at Balcombe.
The full conference call is available as a recording on the company's website and the transcript will be published there as soon as it becomes available, Angus said.
11.30am: Faron lifted by results from early-stage cancer trial
Faron Pharmaceuticals Oy (LON:FARN) shares shot 17% higher to 136.53p on news of the firm’s early-stage cancer clinical trial.
Faron has outlined plans to expand the phase I/II MATINS study of its Clevegen treatment in patients with CLEVER-1 positive cancer types.
“On the basis of Clevegen's current safety profile and potential in patients who have exhausted by all other treatment options, the company believes it may seek initial regulatory approval supported by data from the expanding MATINS trial by 2022,” Faron told investors.
10.30am: Pantheon encouraged by developments in Alaska
Pre-application meetings with state and federal agencies for the pilot production testing of the Alkaid discovery have now taken place, with positive and supportive feedback received. No permitting issues have been identified, Pantheon said.
The project could come online as early as next summer, although much depends on the timing of a farm-out arrangement.
9.30am: Orders roll in at Dev Clever and CycanConnode
The developer of consumer engagement schemes has agreed a three-year commercial partnership with Valassis, a leading voucher, coupon and cashback service provider.
The commercial partnership agreement enables Dev Clever's gamification platform "Engage" and its suite of software-as-a-service-based gamification products to be offered to Valassis brand and retail customers by their brand sales teams as part of their digital product offer.
#DEV Using gamification to offer higher value prizes and incentives, brands and retailers can attract more consumers to their incentives and drive more product sales through a seamless digital consumer experience offer via the Engage platform #Edtech #gamification @dev_clever— GC (@GCCapitis) July 12, 2019
Also raking in the orders this week has been CycanConnode Holdings PLC (LON:CYAN), the smart meter company.
CyanConnode’s shares were up 7.4% at 6.5p after the company received an order for legacy CyanConnode hardware and software from an existing customer.
The customer is a Nordic utility company. The order is worth €489,000; the company expects to half the revenue this year for this follow-on order and the other half nest year.
Earlier this week, CycanConnode announced follow-on orders from India and the UK.