logo-loader

Proactive news snapshot: Hurricane Energy, Landore Resources, i3 Energy …

Published: 15:15 01 Jun 2018 BST

Newspapers

Hurricane Energy PLC (LON:HUR) has now begun well operations at the Lancaster oil field as it continues to develop the early production system (EPS). The offshore oiler, in a statement, told investors that well re-entry and completion work is now being undertaken by contractor Petrofac, utilising the Transocean Paul B. Loyd Jr. harsh environment semisubmersible rig.

Landore Resources Limited (LON:LND) believes recent exploration work at BAM on its Junior Lake licence in Ontario has confirmed a substantial gold resource. “The fact that BAM gold mineralisation delineated to date remains open both to the East and West and down dip/plunge clearly demonstrates this discovery's huge potential,” said Bill Humphries, chief executive.

i3 Energy PLC (LON:I3E) looked forward to advancing the Liberator field as it reported on a year that saw the  offshore oiler lay foundations for future growth. The company listed its shares on London’s AIM market during the twelve month period, ended December 31, and various pre-development programmes were worked on to progress Liberator. Big Pic needed.

W Resources PLC (LON:WRES), the tungsten, copper and gold exploration and development company, said the development of its La Parrilla asset is well-timed. During the course of 2017, European ammonium paratungstate (APT) rose by more than 60% to current price levels, creating very solid market conditions to bring W Resources' tungsten mines on stream, the company noted in its full-year results statement.

Feedback plc (LON:FDBK) has appointed Professor Rory Shaw as medical director of its subsidiary company, Feedback Medical Limited.

NetScientific PLC (LON:NSCI) has announced its portfolio company ProAxsis  has been awarded a grant by Invest North Ireland to support the development of its proprietary ProteaseTag technology to identify and quantify active protease biomarkers.

Learning Technologies Group PLC (LON:LTG) said it is currently trading in-line with expectations as it completed its acquisition of US digital human resources group PeopleFluent.

Midatech PLC (LON:MTPH) (NASDAQ:MTP), the international specialty pharmaceutical company focused on developing and commercialising products in oncology, today confirmed the appointment of Dr Craig Cook as its chief executive officer, and the resignation of Dr Jim Phillips, further to its announcement on 15 March 2018.

Rambler Metals and Mining PLC (LON:RMM, CVE:RAB) has received £3.25mln through the exercise of warrants by CE Mining II Rambler Limited. In all, CE Mining II Rambler will receive 65mln new Rambler shares, lifting its stake in Rambler from 68.96% to 72.12%.

Avation PLC (LON:AVAP) has secured a twelve-year operating lease to supply one ATR 72-600 aircraft to Far Eastern Air Transport Corp of Taiwan. The commercial aircraft leasing group said it had entered into a conditional letter of intent with Far Eastern Air and would begin configuration of the aircraft to customer specifications for an expected delivery in September 2018.

Asiamet Resources Limited (LON:ARS) has announced the appointment of Dominic Heaton as a non-executive director, effective from 26 June 2018. The group noted that Heaton is a highly experienced mineral processing engineer with an extensive background in feasibility studies, project construction, plant commissioning and mine operations throughout South-east Asia.

Indaco Venture Partners is now the holder of a 10.3% stake in graphene specialist Directa Plus Plc (LON:DCTA) following its appointment as manager of the TT Venture Fund. Quadrivio Capital, which used to manage TT Venture, no longer has a stake.

Kore Potash PLC (LON:KP2) the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project, will be holding its first Annual General Meeting at 09:30 a.m. (UK) on 27 June 2018 at The Shard, Level 8, 32 London Bridge Street, London SE1 9SG.

Capital Networks has issued a research note on MTI Wireless Edge Limited (LON:MWE)  in which analyst Ed Stacey argues that a prospective price/earnings multiple of 8.9x on 2019 estimates represents a modest valuation for a company with the antenna solutions firm’s ongoing growth potential and sound financial position.

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

1 hour, 48 minutes ago