Touchstone CEO Paul Baay on why the firm will ‘absolutely’ reach profitability in 2018 (TXP)

Earlier this week, Trinidad and Tobago oil and gas firm Touchstone Exploration (LSE:TXP) released its operational update for  January and February. In a strong report the company revealed it is well on its way to meeting its profitable production target of 1,800bopd. The company has brought into production the first well of its accelerated 10-well…

Sky’s the limit for Velocys after ENVIA secures approval for landfill gas to renewable fuel plant (VLS)

Velocys (LSE:VLS) shot up by nearly a third in early trading after the Renewable Identification Numbers (RINs) produced at its joint venture ENVIA Energy’s plant in Oklahoma City received government verification. The RINs were approved by Weaver, an independent third-party auditor operating under the Quality Assurance Program (QAP) approved by the US Environmental Protection Agency…

Construction giant Balfour Beatty brushes off Carillion hit to see profits nearly triple in 2017 (BBY)

Britain’s biggest construction company Balfour Beatty (LON:BBY) saw profits nearly triple in 2017, reversing several years of hefty losses. Despite taking a £44m hit from outsourcer Carillion’s high-profile liquidation, Balfour saw underlying profit from operations more than double in 2017 to £196m from £69m in 2016. Meanwhile, dividends per share rose to 3.6p in 2017…

Can newly-listed VR Education make real returns out of virtual reality as market booms? (VRE)

Virtual reality (VR) business VR Education (LSE:VRE) was launched by chief executive David Whelan three years ago in Ireland with a €1,000 loan from his sister. Today the company stormed onto AIM with a £19.3m valuation. Having raised £6m at 10p, through its oversubscribed IPO via Shard Capital, the company’s stock closed up 17.5% at…

Ariana Resources forecasts 47pc gold production jump at key mine, are shares due to re-rate? (AAU)

Mining firm Ariana Resources (LSE:AAU) has forecast a 47pc jump in gold production at its 50pc owned Kiziltepe Mine in Turkey. The company reported gold production guidance of 20,000oz for 2018, up from 10,191oz in 2017 and around 21pc above the feasibility plan for the second year of the mine’s operations. Alongside this forecast increase…

President Energy bolsters production prospects with plans to reactivate major field in Argentina (PPC)

Oil and gas firm President Energy (LSE:PPC) has announced that it will reactivate the Estancia Vieja field in Argentina later this year after identifying a live gas field at the site with potentially commercial gas flows achieved. Despite President reporting that first gas production at the field is targeted for late this year with gas…