The newest iodine production plant of Iofina plc (LON:IOF) will be called IO#7 and will be built in the core area of the company’s current Oklahoma operations. The new plant will be based around the existing IO#3 plant, which was hitherto Iofina’s highest cost per kilo plant. As IO#7, though, the new plant will have similar production capabilities and cost structure to Iofina’s lowest per kilo production cost plant.
InnovaDerma PLC (LON:IDP) chairman Haris Chaudhry said his company’s financial performance had exceeded nearly every benchmark set, propelled by its Skinny Tan bronzer and sculpting product. “The journey, however, has just begun as we prepare to launch multiple new brands that we have either successfully developed in-house or acquired during the past 12 months,” he said after the release of full-year results.
Columbus Energy Resources PLC (LON:CERP), the former LGO Energy has been given the environmental go-ahead, a CEC certificate, for a waterflood programme at its Goudron field in Trinidad. Leo Koot, executive chairman, said he was thrilled with the award of the CEC and would begin the Water Injection Pilot "A" Programme immediately, funded from available cash resources.
Pest control technology firm Tyratech Inc (LON:TYR, LON:TYRU) said its products outperformed a recovering US head lice market in the first half of 2017.
Innovative healthcare group Futura Medical PLC (LON:FUM) has hailed the “excellent progress” made in the opening six months of the year as its breakthrough erectile dysfunction gel moves closer to its phase III study. A pharmacokinetic study is set to get underway in the fourth quarter of this year, with the results informing a large-scale phase III trial in the first half of 2018 For the six months ended 30 June, Futura saw revenues rise to £363,000 (£67,000). Cash resources totalled £10.2mln as of the end of the period (30 June 2016: £2.9mln).
Staffing specialist Empresaria Group plc (LON:EMR) has appointed the company’s finance director to the role of chief operating officer to implement the group’s Invest and Develop strategy. Spencer Wreford, who has been FD since 2010, will carry out both jobs until a new chief number cruncher can be found.
Minds + Machines Group Limited (LON:MMX) has seen a spurt in orders for its .vip domain in China. Since the release of its 2017 premium inventory for China in late June 2017, premium sales in excess of US$3.4mln have been achieved for the .vip top level domain, and around US$2.8mln of those have been closed in the last 10 days.
88 Energy Ltd (LON:88E) confirmed that frack fluid continues to flow back from the Icewine-2 well in Alaska, and hydrocarbons are now flowing too. It is flowing around 55 barrels of frack fluid per day and 2-4 thousand cubic feet of gas, with a maximum rate of 8 thousand cubic feet per day.
Sound Energy PLC (LON:SOU) has confirmed the completion of its deal to acquire the assets of Oil Gas Investment Fund (OGIF) in Morocco, namely stakes in the Anoual and Tendrara areas. It means that Sound's stake in Tendrara rises to 75% and it also gains 75% interests in follow-on exploration areas surrounding the gas discovery.
Brave Bison PLC has announced the non-board appointment of Jonathan Kitchen as its commercial director with immediate effect, as its new chief executive officer bolsters the group’s management. Kitchen has spent much of his career in a variety of roles at Dennis Publishing, latterly launching the digital creative agency, Adnostic.
Auroch Minerals, in which Cadence Minerals Plc (LON:KDNC) owns a 7.7% stake, has announced that 3D modelling of the Tisova orebody in the Czech Republic confirms significant potential for hosting a significant cobalt-copper-gold. Auroch has established sulphide zones more than 100m in true thickness and multiple lenses of massive sulphide within a disseminated blanket.