Savannah Petroleum PLC (LON:SAVP) will spud the first well of a new three well drill campaign in the Niger Basin in August, it said at a capital markets day.
Bushiya will be the location of the first well following rig upgrades being carried out on GW215 by contractor Great Wall Drilling.
Marble quarries operator Fox Marble PLC (LON:FOX) expects its processing factory in Kosovo to start production next month, it revealed as it posted reduced losses of €2.76mln for 2016 from losses of €3.03mln n 2015.
Minds + Machines Group Limited (LON:MMX) said renewal rates for its .VIP top level domain (TLD) in China have been above the industry norm.
Providence Resources PLC has unveiled two “truly transformative” commercial deals with French oil giant Total SA bringing another “super-major” on board and giving a clear programme for its oil and gas exploration programme offshore Ireland.
Office productivity software specialist BOS GLOBAL HOLDINGS Ltd (LON:BOS) has drawn down £116,000 from its convertible note agreement with Innovation Corporation.
Alecto Minerals PLC (LON:ALO) has issued £800,000 worth of convertible loan notes to help fulfil the working capital requirements at its recently-acquired Mowana copper mine in Botswana.
Drug developer Midatech Pharma Plc (LON:MTPH; NASDAQ:MTP) has teamed up with Swiss pharmaceuticals giant Novartis to help it in its quest to identify new brain cancer treatments.
Midatech has signed a global licensing agreement with Novartis for panobinostat which will allow the AIM-quoted firm to develop the oncology compound as a possible treatment for Diffuse Intrinsic Pontine Glioma (DIPG).
Nigeria-focused oil and gas group Eland Oil & Gas PLC ( LON:ELA) is to raise up to US$19.5mln to boost production from its OML 40 licence three-fold. An accelerated bookbuild at 55p will raise the money, which has been earmarked for a workover and side-track of the Opuama-7 well, a new secure pipeline transfer point and early production system at the Gbetiokun-1 well, which is also being worked over.
Graphene-based products supplier Directa Plus Plc (LON:DCTA) has continued to make good progress since it released its results at the end of April. At today’s annual general meeting, Giulio Cesareo, chief executive of the company, which listed just over a year ago, said it had been a significant year for the company.