Africa Oil Corp (TSX:AOI) has maintained its 2023 management guidance as it released its financial results for the three months ended March 31, 2023, in which it also highlighted exciting exploration opportunities in Equatorial Guinea and the Orange Basin.
In the results statement, Africa Oil's president and CEO, Keith Hill spotlighted the progress of the Venus appraisal program and the company's increased shareholding in Impact Oil and Gas Ltd.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) today highlighted what it described as significant progress for its renewable energy developments related to its gold mining operations.
The company, in a stock market statement, told investors that the Barberton Mines’ Fairview solar facility is progressing though the signing of an engineering, procurement and construction (EPC) deal with JUWI Renewable Energies.
Microsaic Systems PLC (AIM:MSYS) shares dropped 13% in early trade on Monday as the developer of micro-electronic instruments and analytical solutions revealed that the audit of its full-year 2022 (FY22) results is taking longer than initially anticipated.
On 18 April 2023, the company announced that it expected to release its FY22 results during the first half of May 2023, but said they are now expected to be published on or before 30 June 2023 in a brief statement today.
Caledonia Mining Corporation PLC said it is confident it will hit its production guidance this year after encountering issues at its main operation, the historic Blanket Mine in Zimbabwe.
"The first quarter of 2023 presented several operational challenges at Blanket which resulted in lower production and higher costs,” said CEO Mark Learmonth.
CentralNic Group PLC (AIM:CNIC) has launched its second share buyback after what chief executive Michael Riedl described as a "highly resilient" first quarter of 2023.
Confirming an earlier statement, the internet registry and marketing specialist said gross revenues in the three months to end March rose by 24% to US$194.9mln, with net revenues up by 15% to US$45.98mln.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has confirmed that the Carrizales Norte 1 (CN-1) well has successfully encountered some 148 feet of net oil pay across three zones.
The exploration company, in a statement, told investors that drilling had reached target depth in CN-1 in the Llanos basin, Colombia. It was drilled to a depth of 9,190 feet.
Tetris Pharma Ltd, an offshoot of UK-based biopharmaceutical firm Arecor Therapeutics PLC (AIM:AREC), has rolled out Ogluo, a ready-to-use glucagon autoinjector pen, in Denmark and Norway.
This pre-filled product is designed to treat severe hypoglycaemia in diabetic patients aged two and over. Hypoglycaemia, a serious diabetes complication, is marked by dangerously low blood sugar levels, potentially leading to cognitive impairment, seizures and even death.