Sound Energy PLC’s (LON:SOU) first horizontal well on the Tendrara licence, onshore Morocco, flowed at 32mln standard cubic feet of gas a day and could eventually go “significantly above” 40mln standard cubic feet.
To put that into context, Sound told analysts and investors ahead of its first ever well on Tendrara that 3.5mln standard cubic feet of gas would be commercial.
Existing investors have wholeheartedly backed Sirius Minerals PLC's financing plans (LON:SXX) by taking up their full allocation in the open offer portion of the mine developer’s fundraising.
The North Yorkshire-focused group said it received acceptances for just over 185mln shares.
MySQUAR Limited (LON:MYSQ) announced a number of big launches on the horizon.
The Myanmar-language social media and entertainment group is set to release a new game in both and December and January, as well as launching a new gaming platform and a mobile marketplace app.
Weatherly International plc (LON:WTI) is turning a corner in Namibia, reaching nameplate production again at its Tschudi copper mine two months earlier than forecast.
The miner saw reduced output in the June and September 2016 quarters due to excessive groundwater going into the pit and said nameplate production of 1,417tpm (tonnes per month) would not be re-attained until December this year.
Engineering group Hayward Tyler Group PLC (LON:HAYT) has unveiled a series of contract wins worth more than £4.5mln.
After a subdued set of interim results, the pumps and motors group had promised a bumper second half of the financial year, and it has certainly made a good start.
Europa Oil & Gas Holdings Plc (LON:EOG) has agreed a further farm-down of its stake in the soon-to-come-online Wressle oil field in Lincolnshire.
It is selling a 10% stake in the asset to Upland Resources Ltd (LON:UPL) in return for £1.85mln, with an initial £1.3mln coming in cash and £600,000 in Upland shares.
Digital TV services specialist Mirada Plc (LON:MIRA) is enjoying improved cash flow after successfully rolling out its Iris Inspire platform on Televisa Group's Izzi network.
In its half-year results, the group revealed turnover rose to £2.78mln in the six months to the end of September from £2.26mln.
Devon-based tungsten and tin miner Wolf Minerals Limited (LON:WLFE) has received a double boost with a planning permission extension and approval to work 24/7 at the Drakelands mine’s processing plant.
Motif Bio Plc (LON:MFTB) has successfully raised US$25mln via a transatlantic placing of shares and warrants, it confirmed Thursday.
The two-part issue of new paper will see the AIM-listed drug developer join the NASDAQ exchange that is home to some of America’s largest tech and biotech companies.