Mosman Oil and Gas Ltd (AIM:MSMN) has provided investors with a production update for the quarter ending 31 March.
The company, in a statement, said reported net production was 3,764 barrels of oil equivalent (boe) for the three month period, marking a significant increase from 2,725 boe in the December quarter. The improvement was attributed to effective workovers and updates to production infrastructure.
Brokerage firm SP Angel has kicked off coverage of Helix Exploration plc after the helium exploration and drilling group pulled off an oversubscribed, premium-priced AIM debut this week.
Helix raised £7.5 million in the equity raise at a 10p-per-share placing which initially valued the group at £12.2 million.
Investment firm Liberum gave a bullish take on Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF)’s update on the Itumbula West-1 extended well test (EWT).
“Investors will take encouragement that HE1 progresses its operational programme following its recent drilling success,” said Liberum analysts.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) farm-out of its flagship licences offshore Morocco provides key validation of this potentially prolific acreage position, notes house broker Liberum.
It also gives development financing for the Anchois transitional gas field and also has the potential to carry the company to first gas assuming successful drill results.
Futura Medical PLC's (AIM:FUM, OTC:FAMDF) clinically proven, topical gel treatment for erectile dysfunction, Eroxon, offers a "significant and still underappreciated opportunity", said Stifel as it initiated coverage on the stock with a 'buy' rating.
As highlighted in today's results, Eroxon last year received marketing approval in the US, EU and UK and is in the early stages of the commercial launch in the UK and EU with its US launch on the horizon, under a partnership with Advil and Sensodyne maker Haleon.
Nextsource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) said it is making significant headway in the establishment of its inaugural Battery Anode Facility (BAF) plant in Mauritius.
The company has finalized a long-term lease agreement for a strategically positioned site within the Freeport Zone of Port-Louis, according to a release.
Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF) hailed the start of trading in its shares on the OTCQX Best Market, the premier tier of OTC Markets' 12,000-plus global securities.
Trading on OTCQX, which will be under the symbol 'TIGXF', will "significantly enhance" its visibility and accessibility in the world's largest capital market, the company said.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has announced the completion of its transaction to bring in Energean as its new partner offshore Morocco, where the countdown has now begun for new well drilling.
A rig contract has been signed with Stena Drilling for at least one new well in the third quarter of this year, with an option for an additional well.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has confirmed that the Itumbula West-1 extended well test (EWT) remains on schedule for early Q3 2024.
The company, in a statement, also announced it has now launched an Environmental and Social Impact Assessment (ESIA) study which will be a requirement for securing a mining licence for the project.
Futura Medical PLC (AIM:FUM, OTC:FAMDF) hailed a landmark set of annual results after the successful launch of its Eroxon over-the-counter erectile dysfunction (ED) treatment in the Europe and US, with the company eyeing profitability in the next 12 months.
The year saw market approval received from the medical regulator in the US, the largest consumer healthcare market in the world, plus in several other countries; Haleon secured as US distribution partner with a US$4 million upfront payment to be recognised this year; launches in the UK and Belgium via distribution partner Cooper Consumer Health.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said production from the Blanket Mine in Zimbabwe increased by 6% in the latest quarter.
First quarter output in three months to end-March 2024 was 17,050 ounces of gold, with 18,450oz sold over the period.