Poolbeg Pharma PLC (AIM:POLB) executive chairman Cathal Friel has upped his stake in the company he co-founded.
He bought 830,000 shares at 11.68p per share, spending just under £97,000 before costs, which he said was part of his ongoing commitment to the company, taking his stake to 7.4%.
Powerhouse Energy (PHE) said it is making good progress on its new technology centre at Bridgend but the build schedule has been affected by one of its suppliers, Mitchel Dryers, going into liquidation.
Waste-to-gas specialist PHE has now placed orders for an alternative kiln, a new gas clean-up system and the required balance of plant to allow the work to be completed.
Mosman Oil’s planned Stanley workover programme in the US represents another positive result for the group, according to house broker SP Angel.
Analysts said it should increase the value if Mosman monetises the asset in the healthy Texas M&A market, and can add value overall if the proceeds are used to upgrade the Cinnabar wells to fulfil their full potential.
Quadrise’s collaboration with BTG (LSE:BTG) Bioliquids (BTL) and Euthenia Energy Group adds another multinational company to the list of those that have acknowledged its solutions for decarbonisation and committed to an agreement, says Shore Cap.
BTL has been working with Quadrise since June but Euthenia is a new partner focused on developing, financing and operating renewable energy projects.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) said preparation for the flow testing programme at its Hickory-1 well site is proceeding smoothly with all operations following the scheduled timeline and no significant issues.
This pivotal testing programme aims to confirm the commercial viability of the well's discoveries, which if successful will be a significant catalyst for the company and its investors.
ATOME PLC (AIM:ATOM) said it has raised £1.8 million in a placing and subscription to speed development of its Villeta green fertiliser project in Paraguay and provide working capital.
Directors and senior management subscribed for £665,000 in the fundraising, where a total of 3,600,000 new shares were issued at a price of 50p apiece. Further funds could be raised in coming days if broker SP Angel receives further demand.