The past year has seen the pieces of the puzzle fall neatly into place for UK-based Futura Medical PLC (AIM:FUM, OTC:FAMDF), according to boutique investment bank, Liberum.
The company has successfully obtained US marketing authorisation and secured a US marketing partner, Haleon, for its erectile dysfunction (ED) treatment.
Etana Energy, a joint venue 25% owned by Chariot Ltd (AIM:CHAR, OTC:OIGLF), has played a central role in Cape Town, South Africa’s landmark renewable energy-sharing project.
In an RNS filing, Chariot explained that the first electrons of renewable energy were officially ‘wheeled’ via the City of Capetown’s energy grid under plans to end the capital’s load-shedding issues.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) today laid out plans for a six-well horizontal drill program for the Carrizales Norte (CN) field in Colombia, after the results of the CN-3 well confirmed the field as “transformational” for the company.
The vertically drilled CN-3 well has been under production testing, assisted by an electric submersible pump (ESP), and initially saw production at an average rate of 1,149 barrels of oil per day gross (575 barrels net to Arrow) of light crude oil – with the water cut measured at 0.5% over a 22-hour period.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) said chief financial officer Eric Williams has resigned to pursue other professional opportunities.
Williams will work through the end of September 2023 to ensure a smooth transition of leadership, said the statement.
Kodal Minerals PLC (AIM:KOD) has announced Qingtao Zeng’s resignation as a non-executive director on the company’s board.
Having represented Kodal’s largest shareholder Suay Chin International Pte Ltd since November 2017, Zeng tendered his resignation due to personal reasons, the company said on Monday.
Plexus Holdings PLC (AIM:POS) has secured £700,000 worth of funding to support operations as anticipation builds over new contracts and opportunities.
Some £500,000 of the loan comes from Plexus Property International Limited, with a further £200,000 being granted by chief executive Ben van Bilderbeek, Plexus said in a statement.
Futura Medical PLC said it expects to be in a break-even position next year as the commercial traction grows around its erectile dysfunction (ED) gel Eroxon.
The product, which has regulatory sign-off in the US as the first over-the-counter product of its kind, has quickly garnered 20% market share in the UK and Belgium for clinically proven ED treatments.
Payment technology group Bango PLC (AIM:BGO, OTCQX:BGOPF) achieved an 88% surge in top-line revenues in the first half of 2023, driven by two contributing factors.
Strong Digital Vending Machine traction in the US, where Bango signed multiple deals including with a top-five telecoms operator, drove organic revenue growth.