Nighthawk remains jolly 09/02/2012
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
AIM-quoted Advent, which is based in Singapore and owns Skywest Airlines serving the mineral and oil and gas fields of Western Austalia, enjoyed enhanced profitability in the six months to December, with profits up three and a half times on a 58 per cent sales gain to nearly £20 million.
The company, which paid no tax in the period in question, grew passenger numbers from scheduled airline operations and signed up several new long-term charter contracts, including one with Portman Iron Ore worth £700,000 a year.
Chairman Jeff Chatfield says the company is continuing to ‘strengthen relationships’ with resource companies and add new destinations, while maintaining a hedging policy to mitigate fuel price rises. He warns of the risk Advent could run from a downturn in commodity prices.
China Credit Holdings has emerged with 5.9 per cent of Advent, where Janco Investments has 17 per cent and RAB Capital 11.9 per cent. At 14p, Advent shares have risen 60 per cent since Growth Company Investor’s recommendation a year ago.
Hold on for now.
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US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
Africa-focused Tower Resources (TRP) has raised £5.4 million via a placing with a mixture of institutional investors and directors.
Beleaguered travel operator Thomas Cook (TCG) has reported a loss of £91 million its first quarter also announcing the sale of its Indian division.
AIM-quoted Chariot Oil and Gas (CHAR) has completed a 3D seismic survey across its central blocks.
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