Quadrise PLC (AIM:QED) has announced a new joint development agreement with BTG (LSE:BTG) Bioliquids, a renewable biofuels specialist, which sets up a collaboration.
Together the intention is to use BTL’s fast pyrolysis bio-oil (FPBO) as a source for the production of bioMSAR, the proprietary sustainable fuel created by Quadrise.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) said it has appointed David Hobbs as its executive chairman after Phillip Gobe decided to retire.
Gobe has been the Alaska oil group’s chairman since October 2017, a period that has seen Pantheon develop from holding a non-operating working interest owner in Texas to an operating company with 100% working interest in potentially over 2bn barrels of contingent resources on the North Slope of Alaska.
Galliford Try Holdings PLC (LSE:GFRD) said it will pay shareholders a 12p per share special dividend and invest in its growth strategy after agreeing a settlement with a major infrastructure fund.
In settling the long-standing dispute over three contracts, the construction group will receive a cash payment of £26mln and make a non-cash write-off of £3mln in the current financial year.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors it now intends to put the newly drilled Carrizales Norte-1 (CN-1) well straight into production, via the C7 and C7A reservoir zones.
It comes after a further "very successful" test of the Ubaque pay zone, which yielded some 1,100 barrels of oil per day (bopd), and results from the Gacheta zones, which were present but not productive in this location.
Sovereign Metals Limited (ASX:SVM, OTC:SVMLF, AIM:SVML) has reported "superior" outcomes in downstream testing on graphite from its Kasiya Project in Malawi, showing suitability for use in lithium batteries and further solidifying the project’s prospects.
Billed as one of the world's lowest-cost and lowest global warming potential sources of natural graphite, the Kasiya Project is home to one of the largest flake graphite deposits globally, alongside a significant natural rutile deposit.