Bloe Energy PLC advanced 5.7% to 1.48p after it said it had made good progress with testing at the JKT-01Z well.
Initial production rates have been 344 barrels of oil equivalent per day.
The Republic of Georgia-focused explorer added that the rapid monetisation of gas and oil production is expected to make Block's monthly cash flow positive.
1.45pm: Creo gets licensing boost
Creo Medical Group PLC (AIM:CREO) has signed heads of terms 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 3.6% higher to 129p.
1.40pm: GYG buoyed by contract progress at Nobiskrug shipyard
GYG PLC (AIM:GYG), the super-yacht company, has been buoyed by news of things grinding back into action at the Nobiskrug shipyard.
The shipyard went into administration in April 2021 leaving GYG high and dry with unpaid invoices worth roughly €2.8mln.
GYG said the position relating to the refit project (the largest of the three company contracts outstanding) is now resolved. New contracts have been agreed and GYG has received a payment of about €2mln relating to historical work.
12.45pm: De La Rue shares - not worth the paper they aren't printed on?
De La Rue PLC (LSE:DLAR), no stranger to share price crashes, slumped 23% to 115.91p after a profit warning.
The banknote (ask your father what one is) printer said its operations have been affected by high levels of employee absences due to the COVID-19 pandemic, shortages in computer chips and raw materials and by increased supply chain costs.
Adjusted operating profit of £36mln-£40mln is anticipated for the year to 26 March 2022, similar to last year and below market expectations of £45mln-£47mln.
11.50am: Microlise warns of lingering supply chain issues
Microlise Group PLC (AIM:SAAS) tumbled 18% to 167.5p after it warned about lingering supply chain issues.
The provider of transport management software to car fleet operators said in a trading update it remains confident in the group's future growth which is underpinned by long-term structural drivers, notwithstanding the continued operating challenges caused by the pandemic and global microchip shortage.
The board expects these supply chain issues to last longer into 2022 than previous industry estimates.
10.55am: Tintra settles nerves as it says funds from share issue will be received soon
Tintra PLC (AIM:TNT) advanced 6.7% to 320p after the investment firm said it expected to receive the money from its recent share subscription soon.
Completion of the funds transfer had been expected by all parties on Friday, but this was not possible before close of business.
Due to the size of the payment (US$1mln), a final verbal security verification is needed in order to process the payment to the company, it added.
10.00am: Spectra Systems surges on contract news
Spectra Systems Corporation (AIM:SPSY) rose 6.3% to 159.5p in early deals after it announced three contracts that will generate revenue US$700,000 additional revenue this year.
The banknote authentication specialist said its largest central bank customer increased the size of an order for covert materials by 20%, while also almost doubling the value of its sensor service contract.
This service contract will continue through the deployment of new sensors currently being developed and will overlap with an anticipated service contract specific to the new generation of sensors, said Spectra.
9.05am: Touchstar twinkles as it raises expectations
Touchstar PLC (LSE:TST), up 17% at 91p, was the top riser on Monday morning after it raised profits and cash generation guidance for 2021.
The supplier of mobile data computing solutions said profit before tax in 2021 is expected to be roughly triple what it was in 2020 with cash generation “considerably stronger than expected”.
The group, which has been shifting to a software-as-a-service model (SasS) - which usually involves an initial hit to revenues - said its prospects appear more positive and more certain than they have for a long time, with the growth in SaaS revenues likely to outpace the company’s overall growth.
Gulf Marine Services PLC (AIM:GMS) slipped 7.2% to 5.93p after earnings guidance failed to set the pulses racing.
The provider of advanced self-propelled, self-elevating support vessels serving the offshore oil, gas and renewables industries said vessel utilisation for 2021 was in line with expectations at 85%.
As a result, underlying earnings (EBITDA) are expected to be between US$63-US$65mln and within the previous guidance range given. EBITDA guidance for 2022 is expected to be in the range of US$70-$80mln million, which remains in-line with market expectations, and is supported by the improved trading conditions.