Small caps round-up: Sea Energy, Victoria Oil, Kefi Minerals...

6th Jan 2010 09:58

Shares in SeaEnergy climbed after the wind farm group said Moray Offshore Renewables, a joint venture that is 25% owned by its 80%-owned subsidiary Sea Energy Renewables, is expected to be awarded the right to develop wind power technology in northeast Scotland.Victoria Oil & Gas advanced after the oil and gas explorer and developer reported positive results from a gas project in Cameroon.At the Logbaba gas and condensate project in Douala, multiple gas-bearing sands were encountered at virgin pressures at depths between 6,017 feet and 8,330 feet.Kefi Minerals has started drilling at its Bakir Tepe joint venture in southwest Turkey to test a large geophysical anomaly potentially related to a Cyprus-style copper-gold volcanic-hosted massive sulphide deposit.The Bakir Tepe project is a joint venture with Centerra Gold Inc, which has the right to earn a 51% interest after contributing $750,000 to the JV over two years. It must spend at least $350,000 in the first year. Nostra Terra says initial oil flows from the first production well on the Boxberger property in Kansas, USA, have proved ‘very encouraging’, although extreme weather conditions have delayed completion of the production facility.Talks with a potential purchaser of some of Henderson Morley’s Ionic Contra viral Therapy (ICVT) human technologies have been extended for a further 60 days from 8 January.The biotechnology company, which is looking to become a pure play vaccine company by 2011, saw pre-tax losses for the half-year to 31 October 2009 widen to £0.58m from £0.55m the year before.Sales from continuing operations dived to just £1,821 (sic) from £0.04m at the interim stage last year.