Hurricane Energy PLC (LON:HUR) has updated on its progress towards ‘first oil’ production from the Lancaster oil field, in the West of Shetland region offshore UK. The company, in a statement, told investors that the Aoka Mizu floating production, storage, and offloading (FPSO) vessel has now arrived at Drydock World Dubai shipyard on September 30.
Hydrogen fuel cell specialist AFC Energy plc (LON:AFC) said new initiatives undertaken by itself and its partner De Nora have the potential to slash the cost of hydrogen power.
Oil junior Canadian Overseas Petroleum Limited (LON:COPL, CVE:XOP) has announced a new £2.5mln funding, with new shares being issued at a price of 1p each. Cash raised in the equity funding is earmarked to cover on-going general and administrative expenses.
Premier African Minerals Limited (LON:PREM) has raised £3.5mln through PrimaryBid.com. The money raised ensures that the company is sufficiently capitalised to bring the RHA tungsten project into production.
Lekoil Ltd (LON:LEK) announced the appointment of Lisa Mitchell as its new chief financial officer with immediate effect. Mitchell, formerly CFO at Africa focussed firms Fastjet and Ophir Energy, replaces the resignation of Bruce Burrows who opted to pursue another opportunity described as a “better fit for family circumstances”.
Healthcare software company Wanda, a portfolio company of NetScientific PLC (LON:NSCI), has been awarded a US patent relating to its core technology.
FairFX Group Plc (LON:FFX) has hired Ben Wynn, the founder of home repairs business DAD, as its chief product and marketing officer (CPMO).
Avacta Group Plc (LON:AVCT) said it has established a three-strong commercial team in the US, led by Dr Matthew Vincent, who has been appointed vice president, therapeutics business development. The company said the move would allow it to exploit the rapidly growing interest its Affimer alternative to antibodies, and to “further grow the pipeline of evaluations and collaborations”.
The UK drugs watchdog appears to have spotted the potential of Faron Pharmaceuticals Ltd’s (LON:FARN) lead drug - Traumakine, for a condition called Acute Respiratory Distress Syndrome (ARDS). For the Medicines and Healthcare Products Regulatory Agency (MHRA) has given it a Promising Innovative Medicines (PIM) designation.
Obtala Limited (LON:OBT) has raised US$2mln from a further and final subscription for preference shares in Argento Limited, the Africa-focused group’s 75% owned forestry subsidiary.
Savannah Resources Plc (LON:SAV) has received a number of approvals for the first of its planned copper mine developments in Oman, Mahab 4 and Maquail South. Ground water analysis for a tailings facility has also been completed.
Niche plastics products group Plastics Capital Plc (LON:PLA) has told investors it enjoyed a solid first half, leaving it well-placed for the rest of the year. Plastics said trading in the six months to the end of September was ahead of the prior year, primarily driven by strong organic sales growth across the board.
Media group Falcon Media House PLC (LON:FAL) has signed a commercial licensing agreement with South African digital and broadcast technologies expert Africa Enterprise Media Group. The deal will see Falcon supply its patented Quiptel Q-Flow technology to AEMG as the latter launches an over-the-top (OTT) direct-to-consumer video service in Africa.
Orosur Mining Inc (LON:OMI) has updated investors on its upcoming drill programme at the Anzá gold project, in Colombia. Following the group’s C$4mln financing, completed in August, it is now gearing up for a programme of 15,000 metres drilling as is aims to delineate a maiden resource estimate and expand on the known areas of mineralisation.
China Nonferrous Gold Limited (LON:CNG) is progressing well with repair work at the Pakrut gold project in Tajikistan, following the district's worst snowfalls for 50 years earlier in 2017. Insurance assessors have been on site, and some payments have already been made. Gold production is expected to resume in 2018.
Anglo Asian Mining Plc (LON:AAZ) has completed the latest round of its JORC resource work at the producing Ugur gold deposit on the Gedabek licence. The JORC Mineral Resources Report and Ore Reserves Report reiterate the previously stated JORC resources and reserves of 199,000 ounces of gold and 1,049,000 ounces of silver for Ugur.
Summit Therapeutics PLC (LON:SUMM), the drug discovery and development company advancing therapies for Duchenne muscular dystrophy and Clostridium difficile infection, will host an R&D Day featuring presentations from experts in quantitative muscle image analysis and CDI alongside Summit's management on 11 October 2017 in New York City.