21/08/2008 - CMR Fuel Cells plc said its first-half pretax loss widened, though it added it has continued to operate well within budget, with strong cash reserves. For the six months to June, the company said its pretax loss widened to 1.73 million pounds from 1.48 million a year earlier. The company anticipates its cash reserves will be sufficient for planned operations until 2010. CMR Fuel Cells' assets totaled 8.3 million pounds as against 10.3 million, of which 7.5 million pounds was held in cash and short-term deposits as at June 30, it added. "I look forward to reporting on their continued success throughout the rest of the year," said chairman Tim Curtis. tfn.newsdesk@thomson.com sim/ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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21/08/2008 - ProStrakan Group plc * H1 total revenues up 26% to �26.4M * H1 operating loss, before one-off impairment (�2.2M), down 13% to �7.6M (2007: �8.7M loss) * Well advanced against our goal of becoming a profitable international specialty pharmaceutical company ((London Equities Newsroom; +44 20 7542 7717)) tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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21/08/2008 - Roc Oil Co. Ltd (ROC) said the results of Anzon Australia Ltd.'s (AZA) reserves review are consistent with its assessment of the proved plus probable (2P) reserves for the BMG fields located in the Gippsland Basin in Australia. The company said this review, independently verified by Resource Investment Strategy Consultants, formed the basis for ROC's takeover offer for AZA. The review concluded that the remaining 2P Reserves of the BMG fields were 74.2 million barrels of oil equivalent (MMBOE) (29.7 MMBOE net to AZA) as at June 30. After adjusting for differences in the date for remaining reserves estimates and small differences in gas-to-oil conversion factors, the reported remaining reserves for the BMG fields, on a like-for-like basis, are broadly in line with ROC's estimates, it said. A significant part of the upside potential will be tested with development drilling that is scheduled to be undertaken over the next 18 months, said ROC acting chief executive officer Bruce Clement. tfn.newsdesk@thomson.com sim/ms1 COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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20/08/2008 - AFI Development plc said it has received further regulatory approval in order to finance and procure town planning documentation for its Kuntsevo property project in Russia through its wholly-owned subsidiary ZAO Armand. The real estate company expects to receive an approval for the town planning documentation submitted to MoscomArchitectura, Moscow's Committee on Architecture and City Planning. The Kuntsevo project, independently appraised by Jones Lang LaSalle, was valued at $0.7 billion as of December 2007 and $7.6 billion at completion, it added. tfn.newsdesk@thomson.com sim/lam COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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19/08/2008 - Ariana Resources plc said it acquired new exploration ground in Turkey with nine new licenses in western Turkey. The Turkey-focused gold exploration and development company said transfer of six core licences for the Tavsan project has been completed. "The acquisition of new ground helps us to build our exploration portfolio within the WAVE project area, in which we are expecting to delineate a resource of 1 million ounces of gold in the coming years," said managing director Kerim Sener. tfn.newsdesk@thomson.com sim/vs COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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