Hurricane Energy PLC (LON:HUR) has ticked off another important box as it continues to advance the Lancaster oil field towards ‘first oil’. The West of Shetland oil firm, in a statement, on Monday told investors that its field development plan for Lancaster’s early production system has now been approved.
Fuel cell developer Ceres Power Holdings PLC (LON:CWR) has hailed the success of a year-long trial of its technology in five family homes, which showed the SteelCell technology could not only reliably provide power and heat for home owners but save them around four hundred quid a year to boot.
Plexus Holdings PLC (LON:POS) told investors it has landed a contract with Centrica to deliver the company’s POS-GRIP adjustable production wellhead for a gas production well in the UK Southern North Sea.
Trinity Exploration and Production PLC (LON:TRIN) on Monday release half yearly results which were refreshingly concerned with the group’s ongoing performance rather than the now resolved debt limbo.
Esports group Gfinity Plc (LON:GFIN) is set to raise £7mln through an oversubscribed placing to help support the next stage of its development and accelerate its international expansion.
LoopUp Group PLC (LON:LOOP) said shares representing over 8% of the company were today placed by broker Panmure Gordon on behalf of certain shareholders and former and existing employees in the group in order to satisfy institutional demand and increase the firm's free float.
Stem cell storage and insurance specialist WideCells Group PLC (LON:WDC) is to develop a software platform that both educates and keeps medical professionals and parents up to date on new treatments and developments.
Amphion Innovations Plc (LON:AMP) has sold 4.39mln shares in partner company Motif Bio Plc (LON:MTFB) to partially pay off a loan facility. Following the sale, Amphion’s stake in Motif Bio stands at 14.1%.
Shares in Clinigen Group PLC (LON:CLIN) nudged higher in afternoon trade after it announced the promotional launch of its Totect emergency oncology intervention drug, alongside Cumberland Pharmaceuticals Inc (NASDAQ:CPIX).
Computing services provider Nasstar Plc (LON:NASA) saw revenues jump by almost 50% in the first half as it starts to see the benefits of its recently-introduced strategic plan. Big Pic in January.
IXICO Plc (LON:IXI) has picked a new contract for its analysis technology from a US biopharma for a phase II trial of a new treatment for Huntington’s disease. The contract value is £1.2mln over a three year term.
Vast Resources PLC (LON:VAST) has updated on its funding process, telling investors that it has “recently enjoyed constructive discussions” with investors. A number of key points have now been agreed with the investors.
Drug discoverer Summit Therapeutics PLC (LON:SUMM; NASDAQ:SMMT) has teamed up with the Collaborative Trajectory Analysis Project to try and accelerate the development of its lead Duchenne muscular dystrophy candidate.
Recruitment background checks specialist ClearStar Inc (LON:CLSU) said its suite of background and medical screening services is now available through the SAP App Center. Big Pic in September.
Bushveld Minerals Ltd (LON:BMN) is raising £8 mln in new money through the issuance of two tranches of convertible bonds. The first £4.5 mln is already in, with the timing of the second tranche at the company's discretion. The money will be used to support further work on Bushveld's vanadium and tin projects.
Amur Minerals Corporation (LON:AMC) is increasingly confident of joining up two separate nickel deposits on its Kun-Manie project of Russia. Drilling is ongoing, but already grades and thicknesses are looking good. The company expects a "material" increase to the resource once all the work is completed.
Contractors at the Manica alluvial gold project owned by Xtract Resources PLC (LON:XTR) continue to make progress in development work, such that revenues are expected to commence this month. The company has two contractors at Manica, Omnia and Sino Minerals.
Oracle Power PLC (LON:ORCP) has set up a £1mln short-term loan to provide working capital while negotiations continue over funding for the Thar thermal power station in Pakistan. Major shareholder Brandon Hill is lending the money for a year on an unsecured basis. The coupon is 12%.
Savannah Resources Plc (LON: SAV) has commenced its second round of reverse circulation drilling at the Mina do Barroso lithium project in Portugal. The aim is to define a JORC resource.
City broker N+1 Singer has kicked off its coverage of Lombard Risk Management plc (LON:LRM) with a ‘buy’ recommendation. The risk management and collateral solutions provider is halfway through a two-year plan which analyst Adam Lawson notes has already delivered a “step change” in revenue performance.