Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) is “very excited” about the future of its Pine Mills property, as the latest production data reaffirmed the small-cap firm’s investments are paying off.
Company-wide production is now averaging 130 barrels of oil per day, Nostra Terra said, with wholly-owned Pine Mills contributing over 100 barrels of oil per day (bopd).
EnergyPathways PLC (AIM:EPP) shares jumped as much as 44%, to 8.06p, after it reported securing a new cornerstone investor and starting talks with a "tier 1 FTSE 100 company" about using its Marram gas field facility for long-term gas storage capacity.
The AIM-listed company, which reversed onto the junior market in 2023 with plans to advance the Marram gas project off the northwest coast of England, has rebranded the project as Marram Energy Storage Hub, aka MESH, and said it expects it to be operational by late 2027.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has confirmed that Max Easley has taken up his position as chief executive officer earlier than expected, effective 21 February.
David Hobbs will now be Pantheon's non-executive chair, rather than the executive chair.
Bluefield Solar Income Fund (LSE:BSIF) said it has generated £89 million from capital recycling after completing a refinancing and selling a portion of solar capacity.
The solar-focused income fund said it refinanced a 359MW solar portfolio jointly owned with GLIL Infrastructure, replacing roughly £214 million of inflation-linked debt with £297 million of fixed-rate debt at an all-in rate of 5.8%.
Solvonis Therapeutics PLC (LSE:SVNS) has formalised its plans to acquire Awakn Life Sciences, signing an agreement that lays out how the transaction will take place.
It values Awakn at approximately £5 million, with Solvonis set to issue over two billion new shares to fund the transaction.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has signed up a US affiliate of Mitsubishi Electric Mobility as a referral partner for its Guardian driver monitoring system in the USA.
The agreement with Mitsubishi Electric Automotive America's wide customer base and familiarity with the US commercial vehicles segment is expected to help accelerate sales of the Guardian Generation 3 AI-powered driver monitoring solution, the AIM-listed company said.