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Proactive end of day round-up: Amur Minerals; 88 Energy; Mosman Oil & Gas ..

A glance at some of the the small cap news on the Proactive newswire today
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Some of the Proactive headlines today

Amur Minerals PLC (LON:AMC) says objectives of this year summer exploration programme at Kubuk is to convert 10.9mln tonnes of inferred resources to indicated, step drilling and the acquisition of metallurgical bulk sample.

At Ikenskoe/Sobolevsky, also at the Kun-Manie nickel project in Far East Russia, the aim is to undertake step out drilling in the direction of Kubuk and to also collect a bulk metallurgical sample.

88 Energy Ltd (LON:88E) told investors it has successfully completed the first of two planned stages of fracking in the Icewine-2 appraisal well in Alaska, where the company plans to conduct production tests in the coming weeks. 

Atlantis Resources PLC (LON:ARL) has started negotiations over the site for the Wyre Valley tidal barrage project on the Lancashire Coast. The tidal wave group has partnered with Natural Energy Wire for a tidal power scheme with 160 Mw of generating capacity to be located on land owned by The Duchy of Lancaster. The negotiations concern a long term lease for the site. 

The American regulator has approved a cryopreserved formulation of ReNeuron Group Plc’s (LON:RENE) cell therapy for degenerative diseases of the retina. The US Food & Drug Administration (FDA) green light means its human retinal progenitor cells (hRPC) can be frozen for shipping and storage and thawed at the point of use. 

Sareum Holdings Plc (LON:SAR) is to highlight its research pipeline at the 6th annual International Cancer Cluster Showcase at the San Diego Convention Center. Tim Mitchell, chief executive, will be showcasing Sareum as one of three companies from the UK "Golden Triangle" biotechnology cluster (London, Oxford and Cambridge).

Xtract Resources PLC (LON:XTR) has signed an agreement with two contract miners in Mozambique for the extraction of alluvial gold from the western half of its Manica mining concession near the border with Zimbabwe. The agreement allows for monthly payments against the monthly run-of-mine performance, with initial mining to take place no later than 1 September 2017, subject to environmental controls.

Work undertaken by African Mining Consultants on the Misisi gold project in the Democratic Republic of Congo has confirmed an interim inferred mineral resource of just over 1 mln ounces of gold at an average grade of 2.27 grams per tonne gold. Misisi is owned by Casa Mining Limited, a private vehicle, in turn approximately 45%-owned by Ortac Resources Limited (LON:OTC), assuming the conversion of a loan note.

Europa Oil & Gas (Holdings) Plc (LON:EOG) told investors it has secured an extension for Frontier Exploration Licences (FEL) 2/13 and 3/13, as well as the conversion of Licence Option 16/2 into a FEL. The first exploration phase will now run to July 2019, allowing the company more time to mature the exploration inventories for the assets.

Mosman Oil And Gas Limited (LON:MSMN) has raised £600,000 though a share placing as it continues efforts to find secure new opportunities. The injection of capital is also expected to support the group following its recent acquisition of interests in two producing oil properties in the United States.


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