GenIP secures $350,000 contract in Saudi Arabia

GenIP PLC shares rose by 15% on Thursday after the company announced a new contract in Saudi Arabia. The contract, worth $350,000, involves delivering 400 analytical assessments using generative artificial intelligence. CEO Melissa Cruz expressed excitement about continuing to provide value to clients. Prospex Energy PLC saw a 6% increase in its share price. The company has become the sole owner of Tarba Energia SL after acquiring Warrego Energy Ltd's stake. This deal will help Prospex manage its investments in gas production and exploration in southern Spain. CEO Mark Routh mentioned that the price for prospective gas resources is favorable and that drilling will begin in May at the Viura gas field. On the other hand, Oracle Power PLC's shares fell by 6.9%. The company received an extension for its joint venture's renewable energy project in Pakistan. The new deadline is now May 13, 2026. However, this extension requires Oracle to submit a $600,000 bank guarantee within 15 days. CEO Naheed Memon noted ongoing efforts in financing and contracts related to the project.