(MENAFN- ProactiveInvestors)Proxama (LON:PROX) shares advanced over 9% on Friday as it revealed it had added the Standard Bank of South Africa to its client list after striking a deal with its subsidiary Diners Club to provide payment management systems. Payment Application Manager EMV Transaction Manager and Proxama PIN Manager will all be supplied to the South African franchise. It will enable Diners Club to manage card issuing process transactions and securely handle (and store) customer information. On a mixed news day Enegi Oil (LON:ENEG) told investors that engineering group Arup has been signed up to the marginal field consortium sending shares in Enegi 11% higher. Together the consortium is exploring new approaches to better develop offshore oil fields which under traditional development scenarios are deemed marginally economic. By deploying innovative engineering it is hoped that the economics of such projects can be transformed and that significant additional oil and gas reserves can be unlocked. Azonto Petroleum's (LON:AZO ASX:APY) directors will consider looking beyond the resources sector should shareholders approve its disposal programme leaving the company as a cash shell. In a quarterly report the dual-listed company which is seeking to offload its 35% ownership interest in Côte d'Ivoire-focused Vioco Petroleum said the Australian stock exchange's rules typically allow a company to remain a cash shell for six months after which its shares are suspended. In other news Anglesey Mining (LON:AYM) which is developing the Parys mountain project in Wales says the long term outlook for lead and zinc remains favourable but it is a difficult time for the junior resource sector. In its annual report for the year to end March it noted that Parys will benefit from any improvement in the price of zinc which will form a major part of the projected revenue stream especially in the early years of production. This would be followed by increasing proportions of lead and copper as mine development advances. To the boardroom and big data cloud technology firm Rosslyn Data Technologies (LON:RDT) named Roger Bullen as its new chief financial officer. With effect from today (July 31) the current holder of the role Francis Reid has stepped down Chief executive Charles Clark said: "The board as a whole would like to thank Francis for his contribution to the company and wish him every success in the future." Power storage specialist ITM Power (LON:ITM) reduced losses in its latest trading year while the number of projects and order enquiries grew steadily. ITM's technology enables electricity to be converted to hydrogen which can then be stored or used as fuel and projects under construction or in negotiations rose in value by 13% to £10.5mln. Graham Cooley chief executive said: "Customer engagement with our products is at an all-time high. 'The project and quotation pipeline as a result has been steadily growing in our target applications of energy storage and hydrogen fuel." Sales and grant income in the year to April rose 64% to £5.06mln within which revenues were 45% higher at £1.66mln. Losses declined to £5.75mln (2014: £7.95mln) and better than forecast at the half-way stage. Oilex's (LON:OEX) Cambay Field saw net oil production rise by 46% on the previous quarter in the three months to the end of June. The field located in India's Gujarat state delivered net production of 301 barrels of oil and 487mln standard cubic feet of gas the company revealed in its quarterly operational update. It was a quarter in which the production facilities at Cambay-73 were completed and gas sales from the field commenced in June. Average daily production from Cambay-73 totalled around 50.5 barrels of oil equivalent per day (boepd) including condensate. Bingo operator Stride Gaming (LON:STR) is to enter the social media gaming arena having snapped up InfiApps for up to US$39.2mln. InfiApps made a profit of US$3.4mln in 2014 and Stride said the acquisition would immediately enhance its own earnings. Stride is initially paying US$21.2mln in cash for InfiApps but the cost of the acquisition could rise by as much as US$18mln payable in cash depending on how the acquired business performs. Finally timber and agribusiness group Obtala Resources (LON:OBT) has been awarded GLOBALG.A.P. certification for its agricultural operations in Tanzania. GLOBALG.A.P. is a recognised international standard for farm production and its award is a significant milestone Obtala said and overcomes a barrier to entry with many international food groups. The company added it is also working on the additional requirements to get BRC Global Standards Certification for its processing unit which will allow it to export.
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