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Investor Update: Oracle Power's Pakistan block recognised as potential fertiliser project

Headlines from the Proactive UK newsroom.

Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a sizeable fertiliser shortage by 2026.

Arc Minerals Ltd (LON:ARCM) has signed an US$8mln option agreement to sell its wholly-owned Šturec gold project in Slovakia to MetalsTech Limited (ASX:MTC), in a bid to exit its gold interests.

Hurricane Energy (LON:HUR) has started drill stem testing on the Warwick West well, located in the UK’s West of Shetland continental shelf. Drill stem tests are a key phase of exploration programmes to find out whether a well has found a commercial hydrocarbon reservoir.

Secure payments group Eckoh (LON:ECK) swung strongly into the black as first half revenues jumped by 37%. Interim profits were £2.6mln as the amount of new business hit a record.

Cyber security group ECSC has seen a rebound in trading since its half year with record levels of revenue in Consulting, Managed Services and Incident Response in the third quarter. Consultancy bookings in the current three months are also at record levels.

EasyJet cut its dividend by 25% as earnings fell in the year to September with profits per seat down by  37%. 

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