Africa Oil Corp (TSX:AOI) has exposure to what chief executive Roger Tucker described as “a new fairway opportunity” amid TotalEnergies discovery in the Mangetti-1X well, offshore Namibia.
The Canadian firm has a material economic interest in the new discovery via its 31.1% shareholding in Impact Oil & Gas, which in turn holds a 20% stake in the TotalEnergies-led project.
Foresight Solar Fund Ltd (LSE:FSFL)'s unaudited net asset value (NAV) stood at £697.9 million after the fourth quarter of 2023, a company statement revealed on Thursday.
Despite the figures representing a slight year-on-year decrease from the £706.9 million reported in September 2023, the NAV per ordinary share rose to 118.4p, largely due to asset sales and streamlining operations.
Tower Resources PLC (AIM:TRP) shares raced higher after the company secured an extension to the first exploration phase for the Thali licence, offshore in Cameroon.
The extension moves the deadline to drill a well out to 4 February 2025, enabling the company to continue its funding process and execution of the NJOM-3 well.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) chief executive Colin Harrington told investors the team at the Paradox project seeks to expedite operations at site to allow drilling of the State 36-2R well as soon as possible.
The junior oil and gas firm, in a statement, gave a comprehensive update on its operations, focusing on its projects in the Paradox Basin, Utah, and the Williston Basin, in North Dakota.
Light Science Technologies Holdings PLC (AIM:LST) said its UK Circuits and Electronics Solutions Limited (UKC) business has been awarded a £130,000 order from a new client in the sports entertainment market to be delivered in April.
Chief executive Simon Deacon said: "We are extremely excited by the move into the sports entertainment market and look forward to further broadening our portfolio of customers. Furthermore, given the significant growth potential of our CEA and PFP divisions, we look forward to providing further updates in the coming months."
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), the artificial intelligence (AI) driver monitoring specialist, said it is on track for cash break-even in 2025 as it provided an update on first-half trading and predicted it will meet full-year expectations.
Underlying revenue for the six months ended 31 December 2023 was US$25.6 million, up 28%, while recurring sales were up 22% year-on-year to US$14.5 million.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it has completed the drilling program co-funded by the Western Australia Government Exploration Incentive Scheme (EIS) at the Meadows gold target on its Ernest Giles project.
Two diamond core (DD) holes covered 1,267.7 metres (m) in total with anomalous mineralisation of 8m at 0.12 grammes per tonne (g/t) gold from 316m returned from one hole (EGD006), associated with alteration and anomalous pathfinder geochemistry.