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Date: Friday 05 Sep 2008

LONDON (ShareCast) - Online market research group BrainJuicer declared a maiden interim dividend of 0.5p per share after it saw pre-tax profits for the half-year increase to £229,000 from £164,000 previously. Revenue rose by 37% to £3.97m.

“The board has been pleased with the company's progress so far this year,” said the group. “The company's strong position within the market gives the board confidence in BrainJuicer's ability to deliver sustainable and profitable growth,” it added.

After edging into profit in 2007, electronic displays developer Densitron stayed in the black in the first half of 2008, as it performed ahead of internal budgets.

Profit before tax of £0.08m contrasts with a loss of £0.02m in the first half of last year. Revenue increased from £7m to £8.29m.

Jan Holmstrom, chairman of Densitron, was cautiously optimistic about the future.

“The order book continues to grow and the opportunities remain undiminished,” said Holmstrom.

Dominion Minerals and its JV partner Bellhaven Copper & Gold have increased the resource at their Cerro Chorcha copper project in Panama.

The project, next door to the prized Cerro Colrado deposit, has total in-situ copper of 2.17bn lbs, up 52% from the previous estimate, and gold of 449,000 oz, up 75%, with 60% of mineralization in the indicated category.

Houston-based Caza Resources has encountered hydrocarbons at the Glass Ranch B #3 well in Upton County, Texas. It currently has a 50% working interest and 38.54% net revenue interest before payout of the well.

No hydrocarbons were found at the Perez No. 1 well in Duval County, while the Jonell Cerny Gas Unit #1 well in Wharton County showed initial gross rates of about 40 barrels of oil a day.

Hallin Marine, a maker of underwater equipment for the oil and gas industries, is to spend $15.3m on seven new work class remote operated vehicles (ROVs), buying three externally and making four itself.

“We currently have the furthest ever visibility of our forward order book and will require this level of ROVs to ensure we can meet client demand,” said boss John Giddens.

Kalahari Minerals is merging with Extract Resources, in which it already owns a 39.11% stake. The enlarged Namibia-focused uranium and base metals company will be dual listed on AIM and the Australian Securities Exchange.

“We believe that simplifying our corporate structure and combining the resources of both companies will deliver short, medium and longer term benefits to shareholders of both companies,” said Kalahari’s executive chairman Mark Hohnen.

Maghreb Minerals has reported excellent results after completing its Phase 2 infill and step out drilling programme at the Gite de l'Est deposit in Tunisia.

“Drilling indicates significant deeper mineralisation adding considerable upside potential to the value of the deposit,” said chairman Gordon Riddler. A scoping study is now in progress to determine the economic viability and potential value of this zinc-lead-silver deposit.

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