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Proactive news snapshot: Touchstone Exploration, Greencoat UK Wind, Concepta …

A glance at some of the day's highlights from the Proactive Investors newswire
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Caribbean oil firm Touchstone Exploration Inc (LON:TXP, TSE:TXP)  has revealed a 20% increase in proved reserves over the course of 2017, and has given notice of its full year results. In the annual barrel counting exercise, the group reported 1.75mln barrels of proved reserves and 2.83mln barrels of proved plus probable reserves (with the latter figure up 18% on the previous year).

Wind farm investor Greencoat UK Wind PLC (LON:UKW) has acquired the newly built Brockaghboy wind farm from Italian firm ERG for about £163mln in cash. Brockaghboy, near Londonderry in Northern Ireland, was only commissioned last month and has a capacity of 47.5Mw.

OptiBiotix Health plc (LON:OPTI) has announced that its SlimBiome weight management technology will be used in US partner Cereal Ingredients' (CII) Nutri-Bites range of cereal products. The AIM-listed obesity and cholesterol management firm said that the partnership will extend the application of SlimBiome® into products such as breakfast cereals and cookies, cakes as well as a range of healthy snacks, yoghurts, and cereal bars.

Concepta PLC (LON:CPT) announced that it has received Ethics Committee approval to commence the user trial for its myLotus fertility product in the UK. The AIM-listed firm said the trial is expected to commence in the next months and will take approximately four months, with 120 women testing the device for ease of use and clarity of instructions.

Thor Mining PLC (LON:THR) updated investors on the findings of a new strategic review which puts the company’s focus on the group’s three key properties - Pilot Mountain, Molyhil and Kapunda. “The recently published progress achieved in respect of each project has been considerable and we are of the view that the best outcome for shareholders will be achieved from the absolute concentration on our core interests each of which is in the Board's view capable of delivering company transforming outcomes," said Mick Billing, Thor Mining executive chairman.

Chaarat Gold Holdings Limited (LON:CGH) has announced that it was notified on 7 March 2018 that Labro Investments Limited has purchased another 2.38mln shares ordinary shares in the company at a price of 18.75p each from Mada Limited. Mada is an entity controlled by Dekel Golan, a former director of the company who stepped down from the board on 1 November 2017. The group said its chairman, Martin Andersson is indirectly beneficially interested in the majority of the shares in Labro. Following this transaction, Labro has a beneficial interest in around 131.878mln Shares representing approximately 35.51% of Chaarat's issued share capital.

Action Hotels PLC (LON:AHCG) said trading for the first two months of 2018 was encouraging, with like-for-like revenues well ahead of 2017.  Excluding the recently opened ibis Styles Bahrain hotel, revenues this year have been 6.4% ahead of 2017 on a like-for-like basis, while trading at the recently opened hotels in Sohar Oman and Brisbane Australia are showing revenue growth year-on-year and good customer feedback as they mature into their relative markets, Action Hotels said. Big Pic in September, will need updating.

InnovaDerma PLC (LON:IDP) has trimmed this year’s sales and profits expectations after Superdrug reduced orders of Skinny Tan, its fast-growing tanning product. Sales growth for the year overall will still be significantly ahead of the first half’s 31% (to £4.2mln), and last year’s total of £8.9mln but less than previously expected.

ATTRAQT Group plc (LON:ATQT) said its strategy remains the same after a “milestone year”: to become the eCommerce acceleration platform of choice for online retailers. In its full-year results, the company highlighted the impact of the Fredhopper business it acquired last year, which contributed to a 278% increase in revenue to £13.6mln from £3.6mln the year before.

Stobart Group Ltd (LON:STOB), the infrastructure and support services business, edged higher on Thursday after a solid pre-close period trading statement. The shares rose 3p to 231p after the group confirmed its quarterly dividend would be maintained at 4.5p a share and gave a quick run-down of how its businesses performed in the financial year just ended.

The first two months of the year has seen “really good progress” at the Clogau gold project in Wales, Alba Mineral Resources PLC (LON:ALBA) said. The company, which has a stake in the mine through its 49% interest in the project’s owner, Gold Mines of Wales (GMOW), said detailed underground surveying by means of three-dimensional (3D) scanning of immediately accessible areas within the upper adit has been completed.

Cadence Minerals Plc (LON:KDNC) told investors that its 15.2% owned associate Macarthur Minerals Limited (CVE:MMS) has identified several zones which it said are indicative that a lithium brine aquifer is present at the Reynolds Springs project, in Nevada. Reynolds Springs is located in Railroad Valley which, according to Macarthur, has geological attributes that closely match the Clayton Valley where North America's only producing lithium mine is found.

Cabot Energy Plc (LON:CAB) told investors that its winter drill programme, in Alberta, Canada, is ahead of schedule. Three of four well side-tracks have now been drilled and tested successfully, and the drilling of the final well is due to be completed shortly.

88 Energy Ltd (LON:88E, ASX:88E) told investors that 98% of its listed (A$0.02 series) options were exercised before the March 2 expiry, resulting in an A$8.1mln injection of capital into the company.

Diversified Gas & Oil plc’s  (LON:DGOC) daily gas production has doubled following the acquisition of Appalachian Basin gas producer Alliance Petroleum. The deal has now completed for a total consideration of US$95mln (£66.9mln) comprising the purchase price of US$70mln plus US$25mln of debts.. 

Amur Minerals Corporation (LON:AMC) has appointed road design group Cevi Construzioni for the 350km road from Ulak, on the Baikal-Amur rail line, to its Kun-Manie project in Far East Russia. The AIM-listed firm said this step is the first in a three component process to earn long term grant of access rights to the site of the huge nickel/copper project.

Scotgold Resources Limited (LON:SGZ) has announced the appointment of SP Angel Corporate Finance LLP as the company's nominated adviser and joint broker, working alongside Smaller Company Capital Ltd, with immediate effect.

Harvest Minerals Limited (LON:HMI) has announced that it will be hosting a shareholder conference call on Tuesday 13 March 2018, at 9.00am GMT, with shareholders invited to submit questions via email in advance of the call, which management will aim to respond to during the call.  The group said questions should be sent to St Brides Partners at [email protected] which will be compiling the questions on behalf of the company.


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