Jersey Oil & Gas PLC (LON:JOG) has given investors some fresh hope that value could be salvaged from the Verbier exploration well, with news that a side-track is being drilled to test another target. It was announced last week that Verbier’s main target was unsuccessful, with the reservoir found to be water bearing.
Flying Brands Limited (LON:FBDU) has announced that its North American contract manufacturer has now delivered the StoneChecker software prototype with testing having commenced and statistical analysis of the kidney stones medical imaging product “materially” exceeding expectations. Earlier this month, Flying Brands had said that a recent fire at the manufacturer’s warehouse meant it would not receive the Stone Checker prototype this month as originally planned.
Itaconix Plc (LON:ITX), which changed its name in March to reflect a change in focus to polymers, is starting to see the benefits of its reboot. Revenues and gross profits in the first half of 2017 matched those of the same period of 2016, while the company has been successful in lowering its cost base.
By the end of the last quarter of the year, all Goldplat PLC (LON:GDP) operations were operating profitably. This is perhaps the key takeaway from Goldplat’s preliminary results, which show that the company produced 42,857 ounces of gold during the year to 30 June, up 13.7% year-on-year, and due in part to the successful implementation of a turnaround strategy at the Kilimapesa gold mine.
Allergy Therapeutics plc (LON:AGY) is set to kick off the phase II clinical trial of its hay fever treatment “imminently” after the pharma group got the necessary approvals from authorities. Results from the trial – which will assess 440 patients in Germany, Poland and Austria – are expected in the second half of next year.
Europa Oil & Gas PLC (LON:EOG), in a somewhat technical letter to shareholders, discussed the recent exploration results offshore Ireland and what the programme may mean for its own exploration prospects.
Rose Petroleum PLC (LON:ROSE) described the six months to June 30 as a “time of continued operational progress”. The company highlighted that its strategy is to create value from its existing asset portfolio and to take advantage of other convincing market opportunities.
Eland Oil & Gas PLC (LON:ELA) told investors drilling is now underway on the Opuama-7 sidetrack well in Nigeria. The company said the well is on track to be completed in October.
SDX Energy Inc (LON:SDX) told investors it has now kicked off the drilling of its KSR-14 development well at the Sebou project onshore Morocco. It is the start of a nine-well programme that will cover the Sebou, Gharb Centre and Lalla Mimouna projects.
Lombard Risk Management plc (LON:LRM) is to integrate its COLLINE collateral management solution with GlobalCollateral's Margin Transit Utility.
European Wealth Group PLC (LON:EWG) saw funds under management rise strongly over the past six months. The wealth manager was managing £1.74bn at the end of June, against £1.5bn six months earlier.
Shares in Learning Technologies Group PLC (LON:LTG) were higher in early trade after the company posted interim results that beat expectations. However it expects the impact of March’s purchase of NetDimensions to really kick in during the second half. Underlying profit (EBITDA) from the company, which is at the forefront of the ed-tech revolution, was £4.1mln, up 41% on the year earlier.
Indian wind and solar power group Mytrah Energy Limited (LON:MYT) has refinanced a part of its loan book through the issue of US$277mln of non-convertible debentures to Indian conglomerate Piramal. The NCDs have a 7-year tenor and will split with US$150mln earmarked for Mytrah Energy and US$127mln for Mytrah Ujjwal Power.
Pizza delivery firm DP Poland Plc (LON:DPP) is on track to open its fiftieth store next month as it continues its drive towards to critical mass. The confirmation came as the AIM-quoted company revealed it has made a strong start to the second half after growing sales by 50% in the opening six months of 2017.
Stride Gaming PLC (LON:STR) expects results for the year just ended will be at the upper end of market expectations.
Pharmaceutical services and drug development group Ergomed Plc (LON:ERGO) grew first half earnings and revenue in the first half of 2017.
Metal Tiger PLC (LON:MTR) is to delay the planned listing of its Thai subsidiary in order to allow potential investors time to digest the ramifications on new mining legislation in Thailand. The company has also appointed a consultant to advise on strategic options in relation to its 30% stake in MOD Resources.
KIBO Mining PLC (LON:KIBO) remains in talks with potential funding partners for the development of its Mbeya coal-to-power project in Tanzania. The company is also progressing with talks regarding a power purchase agreement with TANESCO, Tanzania's electricity distributor.
Landore Resources Limited (LON:LND) has discovered more gold mineralisation in on its Junior Lake Property in Canada, to go with the 301,000 ounces already discovered at the BAM East zone. A winter drill campaign is now planned.
Cadence Minerals Plc (LON: KDNC) announced that Auroch Minerals has commenced drilling at its Tiviso Cobalt-Copper-Gold Project in Romania on September 15. It noted that, in a statement, Auroch said the four-hole, 1,500m Phase 1 diamond drilling showed best sampling results at Tivio as 0.69% of Cobalt, 17.1% of Copper, 3.7 parts per million (ppm) of Gold and 178 ppm of Silver.
Nasstar Plc (LON:NASA) announced that it has been selected by the UK Government to add industry insight in the Technology Edition of the Parliamentary Review 2017. Nigel Redwood, the cloud computing firm’s CEO commented: “ With 18 years of experience in the sector, we feel as though we’ve been in the cloud since day one, however our commitment to developing innovative cloud solutions remains resolute and we are extremely pleased to represent, and raise the profile of, our industry and share our insight into best-practice. ”
Sareum Holdings Plc (LON:SAR) noted that Sierra Oncology, the licence holder advancing clinical cancer candidate SRA737, will host a Key Opinion Leader call with Thomas Helleday, PhD on Tuesday, September 19 at 10:30 am Eastern Time (3:30pm UK time). The AIM-listed specialist cancer drug discovery and development group said the topic of the call will be "DNA Damage Response Targets Beyond PARP" focusing on clinical stage DDR targets in oncology, including Checkpoint kinase 1 (Chk1).
i-Deal Corp has joined forces with Denver-based Icebear Capital Partners to expand the global presence of its i-Dx platform,. The group said Icebear Capital Partners will assist with new customer acquisition and strategic alliances in the US market, utilising its longstanding relationships in Banking, Venture Capital and Private Equity, coupled with its activity in traditional oil and gas exploration and the Cleantech/renewable energy sector.
Capital Network has published a report on dual-listed oil and gas producer Zenith Energy Ltd (LON:ZEN) estimating a potential upside of up to 41p (C$0.66) per share, based on third-party reserves assessment and recognising the risks and challenges facing Zenith the group in Azerbaijan. Its analyst Lionel Therond concluded: “We believe that Zenith’s strategy to own its rigs is a critical risk-mitigating factor for the project, whilst management’s ownership of c. 20% of the equity provides perfect alignment of interests with shareholders.”