Small cap round up

AIM-listed digital transformation software provider OneView warned on Wednesday that revenue for the current financial year is likely to be below market expectations due to contract delays.The company said that winning its first hosted customer in the UK was a pivotal event in the first half of the year, creating an important new recurring revenue stream.

Prospex Oil & Gas said it has achieved a major milestone as Poland's Ministry of Environment approved the company's plans to drill the onshore Boleslaw-1 well. The well, in the 1,150 sq km Kolo Licence, is targeting gas in an active petroleum system and remains on track to be drilled in the fourth quarter of 2016.

Software company Feedback, which specialises in medical imaging tools, reported a rise in revenue while losses after tax narrowed as it expands its texture analysis software in Asia. For the year ended 31 May, revenue increased 13% to £431,454, compared to last year while loss after tax narrowed by 83.5% to £183,156.

Cluff Natural Resources said it was stepping up its hunt for a farm-out partner after a "very significant" increase in natural gas was confirmed at its wholly owned licence in the North Sea. An independent survey of the six most mature prospects on licence P2248 in Block 43/11 of the Southern Gas Basin was estimated at between 760bn cubic feet (bcf) to 7.2trn cubic feet (tcf) of gas initially in place (GIIP), with a central estimate (P50) of 2.6tcf.

Bond International Software announced on Wednesday that it, together with its advisers, have considered the terms of the final increased cash offer of 121p per Bond share to be made by Constellation UK. The AIM-traded firm’s board said it considered the greater certainty in timing and the amount of cash distribution to better promote the interest of the Bond shareholders as a whole than a distribution to Bond shareholders via a members' voluntary liquidation of Bond, following completion of the sale.

Oil and gas investing company MX Oil announced on Wednesday that PR Oil and Gas has now received $1.2m from the sale of the first production of oil from the Aje Field.The AIM-traded firm said PR Oil & Gas is the holder of its investment in OML 113, on the Aje Field in Nigeria.