Sound Energy PLC (LON:SOU) has kicked off a new programme at the Sidi Moktar project in Morocco, where it is re-entering the Koba-1 well.
Europa Oil & Gas (Holdings) Plc (LON:EOG) has confirmed that it has raised £1.3mln through the issue of new shares via open offer.
A major phosphate producer has confirmed its desire to undertake a two-phase pilot plant phosphate flotation study at Galileo Resources PLC’s (LON:GLR) 34%-owned Glenover project in South Africa. The ultimate objective of the study is to either develop the project or sell it in whole or part to the MPP, Galileo said.
US revenues at Eckoh PLC (LON:ECK) now represent one third of the group's turnover, the company revealed as it unveiled an increased in adjusted underlying earnings (EBITDA) to £5.8mln for the year to the end of March from £5.4mln the year before.
Kromek Group PLC’s (LON:KMK) next generation standalone radiation detector, D3S-ID, was successfully deployed by the European Commission’s Counter Terrorism Unit of Directorate General for Home Affairs in Brussels on President Trump's recent visit, the company revealed.
Netscientific PLC’s (LON:NSCI) additional fundraising closed received valid requests for subscriptions in respect of 45,700 shares. In total, from the additional and initial offer, the IP specialist raised £8.1mln.
Porta Communications PLC (LON:PTCM), the international communications and marketing group, formally implemented the revolving credit facility with Clydesdale Bank, details of which were disclosed last Thursday.
As well as its stem cells services and insurance arms, WideCells Group PLC (LON:WDC) is intent on educating the masses about this potentially transformational technology through its WideAcademy division.
Adam Parker, a co-founder of Majedie Asset Management has been appointed to the board of Berkeley Energia PLC (LON:BKY) as a non-executive director. Parker joins the Company after a three decade career in institutional fund management in the City of London. During that time he co-founded Majedie Asset Management, which today has assets under management of approximately £14 billion.
IronRidge Resources Limited (LON:IRR) is poised to take full control of Tekton Minerals, which has a number of potentially high grade gold targets in Chad. The fast growing junior acquired an option for a 58% stake last year for US$3.5mln, since when its holding has risen to 64%. This latest deal covers all but 10% of the shares outstanding and will see IronRidge issues shares to Tekton’s shareholders, which includes two of IronRidge's directors, Nicholas Mather and Vincent Mascolo.
Mytrah Energy Ltd (LON:MYT) reported a jump in full year profit as the company increased its power generation capacity with the construction of further wind turbines.Shares gained 5.45% to 26.62p in morning trading as the group reported underlying pre-tax profit rose to US$4.6mln in the year to 31 December 2016 from US$2.15mln a year earlier. Revenue jumped to US$362.23mln from US$74.72mln, driven by 72% growth in power generation capacity.