UK Oil & Gas Investments PLC (LON:UKOG) today told investors that the a very large continuous oil deposit, totalling 1,490 feet, has now been measured in the Broadford Bridge well in southern England. The deposit spans a number of sequences of the naturally fractured Kimmeridge oil play, at a depth of 4,018 to 5,508 feet.
UK Oil & Gas Investments PLC (LON:UKOG) also announced that it is topping up its stake in Horse Hill, the so-called ‘Gatwick Gusher’ project, in Southern England, by acquiring a stake held by Regency Mines. UKOG is picking up an extra 1.235% interest in the project, meaning it will have a beneficial interest of 32.435% in Horse Hill. It is acquiring Regency’s 1.9% stake in the HHDL vehicle which owns 65% of Horse Hill.
88 Energy Ltd (LON:88E, ASX;88E) shares dropped more than 35% in Monday’s early deals after the company announced it is planning to shut-in the Icewine-2 well on Alaska’s North Slope to allow pressure to build up and soaking to occur.
Aminex plc (LON:AEX) told investors it has hired io, a Baker Hughes unit, by commissioning a gas commercialisation study for the Ntorya gas discovery, in Tanzania, which was validated by the recent Ntorya-2 appraisal well.
Solo Oil PLC (LON:SOLO) chairman Neil Ritson declared himself “pleased” with the news that partner Aminex plc has hired IO, a Baker Hughes unit, for a gas commercialisation study for the Ntorya gas discovery, in Tanzania.
Empyrean Energy PLC (LON:EME), which last week told investors that a proposed exploration programme onshore California has been given the green-light, said today that the operator of the Depsey1-15 well has signed a drilling contract.
WATCH: Zar Mir on Empyrean Energy
Clinigen Group PLC (LON:CLIN) announced today that Totect, an emergency oncology intervention treatment has been given the green light by the US Food and Drugs Administration (FDA) for use in the US. In a joint statement with US speciality drugs firm Cumberland Pharmaceuticals Inc (NASDAQ:CPIX), the AIM-listed biotech firm said the drug is set to be launched in the US later this year.
Transatlantic IP commercialisation group NetScientific PLC (LON:NSCI) said its portfolio company PDS Biotechnology Corp and a subsidiary of Merck & Co Inc (NYSE: MRK), MSD are embarking on a new clinical trial collaboration for metastatic head and neck cancer.
Europa Oil & Gas Holdings Plc (LON:EOG) has told investors that the multi-client Crean 3D seismic acquisition campaign is now underway, and it’s acreage is due to be covered during the summer. The company’s 30% owned Licence Option 16/19 is among the areas being assessed by the programme, carried out by TGS using the Polar Marquis vessel.
Columbus Energy Resources PLC (LON:CERP), the company formerly known as LGO Energy, has detailed new initiatives planned following an initial review of operations in Trinidad. The company explained the aim of the review was to develop a work programme, in a capital efficient manner, with the objective of being cash flow positive across the company by the fourth quarter of this year.
Digital media and social video broadcaster Brave Bison Group PLC (LON:BBSN) has confirmed that its new chief executive will take the reins earlier than expected following the sudden resignation of interim boss Kevin Deeley this morning. New CEO Claire Hungate – appointed last month – was due to take over in September, but that has now been brought forward to 1 August.
Electronics firm Stadium Group plc (LON:SDM) has enjoyed a strong first half of 2017, with revenues and the order book both growing. In the six months to the end of June, Stadium said trading was ahead of the same period last year and in line with expectations, while the order book jumped once again to above £28mln, up from £25.8mln at the end of 2016.
Patagonia Gold plc (LON:PGD) has completed construction of the agglomeration plant at its long-held Cap-Oeste gold project in Argentina. The company will now move to a testing phase, and will deliver gold and silver production guidance once a month of full production has been completed.
Chaarat Gold Holdings Ltd (LON:CGH) has promoted chief operating officer Robert Benbow to the position of chief executive. Founder Dekel Golan moves to a business development role as Deputy Chairman of the Board.
Caledonia Mining Corporation PLC (LON:CMCL) has announced a fatality at the Blanket gold mine in Zimbabwe in a mining-related accident that occurred on 7 July 2017. The accident occurred in number 6 shaft area of the mine.
Premier African Minerals Limited (LON:PREM) has released financial results for the year to December 2016. Losses were pared back from the previous year to just under £5mln. Cash flow from operations is expected this year, now that the first tungsten from RHA has been shipped.
Atlantis Resources Limited (LON:ARL) said two of the three AHH turbines at its MeyGen tidal power project have been successfully reinstalled and reconnected, with the third one scheduled to be redeployed when tides permit, sometime in August.
Savannah Resources Plc (LON:SAV) has raised around £1.3mln before expenses to fund work on its projects, including its Portuguese lithium mine, with the subscription backed by its largest shareholder, Al Marjan Ltd which will increase its holding to just under 30%.
Tharisa PLC (LON:THA) is seeing signs of stability in the chrome market after sharp falls recently in the price of the metal. Liquidity has returned on the back of continued stainless steel demand and consumption out of China, it said, "while the fundamentals of the global stainless steel market remain sound.”
Silence Therapeutics PLC (LON:SLN) has flagged up positive news from one of the parties it recently issued an intellectual property claim against in the UK High Courts of Justice in an attempt to extend its European patent protection.
Harvest Minerals Ltd (LON:HMI) has appointed Lino Furia as its Brazilian-based sales manager to support sales of its KPfértil fertiliser and build a strong presence across the country’s agriculture sector.