Small caps round-up: Forbidden Technologies, Statpro, PetroLatina...

4th Aug 2010 12:50

Shares in Forbidden Technologies rallied after the internet video streaming firm announced that Renegade Pictures is using its video platform FORscene for the production of its fourth series of BBC 3 series 'Don't Tell The Bride'.Asset management data firm Statpro posted a 10% drop in half year pre-tax profits to £3.59m though it raised its interim dividend by 17% to 0.7p.Colombia-focused oil company PetroLatina has increased production at its Colon-1 and Colon-2 wells from 450 to 860 barrels of oil per day (bopd) gross and found new oil at the Los Angeles field. Increased output has been made possible by the installation of electrical submersible pumps, and the speed is being gradually increased in order to achieve even higher rates.The firm also thinks its Querubin-1 well has confirmed the economic viability of a large area of thick oil bearing pay. New 'Progressive Cavity Pumps' mean the group can avoid previous problems with sand production.Paraguay-focused oil explorer Amerisur is on track to deliver net production rates of up to 5,000 barrels of oil per day by the end of 2011. "The company is now a profitable enterprise with producing wells in two blocks in Colombia," chairman Giles Clarke said. "We have some exciting opportunities to develop our Platanillo field, particularly with the extension along the known productive trend in the basin."IT business systems group Maxima saw losses narrow in the year to May 31 despite lower revenues as it cut back on staff. Pre-tax losses narrowed to £800,000 from £9.6m as revenues slipped to £51m from £56.6m. There was a net reduction of 58 staff in the UK.Oil group San Leon Energy, which operates in Ireland, Poland and Morocco, is placing shares to raise about £3.15m. It has conditionally placed about 22.5m shares at 14p. It said the placing would provide support to its continuing exploration and development programme across its projects.Online services group IS Solutions has signed a global partnership with US firm SAS Institute, a leader in business analytics software and services. IS also reports trading remains ahead of last year and in line with market expectations.