Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) has announced a commercial discovery at the Moccasin 1-13 well in Oklahoma, hitting several hydrocarbon-bearing zones. The well, 45% owned by Union Jack, is now being fitted with permanent production facilities, with two more zones set for testing.
GraphEnergyTech, an investee of Frontier IP Group PLC (AIM:FIPP), is collaborating with Taiwan Perovskite Solar Corporation, ITRI, and the University of Cambridge to develop more efficient solar panels. Backed by a £884,129 Innovate UK grant, the project aims to use graphene electrodes to replace traditional metal components in solar cells.
Feedback PLC (AIM:FDBK) has posted higher revenues and reduced losses for the first half of its financial year. Its Bleepa app for clinicians drove a 43% sales jump to £589,000, while EBITDA losses narrowed to £1.43 million from £1.67 million.
Staffline Group PLC (AIM:STAF) has started a share buyback of up to £7.5 million after selling its PeoplePlus subsidiary for a net £6.9 million. The deal includes a £2 million deferred consideration, contingent on potential new contracts expected within the next 12 months.