Jersey Oil and Gas PLC (LON:JOG) shares jumped almost 300% in Monday’s opening deals after it revealed a new oil discovery in the North Sea, with the side-track to the originally unsuccessful Verbier well hitting hydrocarbons. The Statoil led exploration venture has proven the oil accumulation in what are described as good quality sands, and the results are now being evaluated alongside 3D seismic data to assess what the find means for the rest of the nearby acreage.
Tests have revealed that gold recoveries from the BAM East deposit in Ontario held by Landore Resources Limited (LON:LND) ought to be very high. A combination of gravity and cyanidation recovery methods was used, and was able to extract 99% of the gold contained in the ore.
Columbus Energy Resources PLC (LON:CERP) has unveiled a new £4mln equity funding effort which is earmarked for an acceleration of the group’s growth strategy.
ReNeuron Group Plc (LON:RENE) is to present more pre-clinical data highlighting the potential of its exosome therapy as a cancer treatment. Data will show a significant reduction in cancer cell proliferation when treated with ExoPr0 and provides important proof-of-concept for applications across a range of cancers, said ReNeuron.
Xtract Resources PLC (LON:XTR) shot up almost 20% after it announced production of first gold from sluice boxes has started at its Manica concession. Contractor Sino Minerals started processing alluvials through their number 1 plant over the weekend.The smelting of first gold is expected to start today or tomorrow.
Emerging markets fund manager APQ Global Limited (LON:APQ) has strengthened its International Advisory Council (IAC) with the appointment of experts in the Middle East and global currency markets.
Liquid biopsy firm ANGLE PLC (LON:AGL) announced today that one of its customers has successfully grown circulating tumour cells (CTCs) harvested by its Parsortix system. In a separate announcement, ANGLE told investors that it might have found a new use for Parsortix: enabling researchers to examine the effects of different drugs on circulating tumour cells (CTCs).
Union Jack Oil PLC (LON:UJO) has stuck a deal to acquire the onshore UK assets of Nautical Petroleum, a Cairn Energy PLC (LON:CNE) subsidiary. It delivers stakes in a number of onshore oil projects – including 10% of the Keddington oil field, 10% of the Louth prospect, 16.67% of the Kirklington oil project and 16.67% of the historic Dukes Wood oilfield. All the assets are operated by UJO partner Egdon Energy Ltd (LON:EDR).
Tidal power specialist Atlantis Resources Ltd (LON:ARL) has moved a step closer to securing a firm order for its turbines in Indonesia, with its customer, SBS Energi Kelautan, deciding to proceed with investment on Phase 1 of the Nautilus tidal stream project in Indonesia.
Bezant Resources plc (LON:BZT) has commenced extraction and processing of the higher-grade virgin gravels from the within the deeper levels of the open pit at its Choco platinum-gold project in Colombia.
Tlou Energy Limited (LON:TLOU) told investors it has kicked off a new 250 square kilometres seismic survey in Botswana, spanning its flagship Lesedi coal bed methane project and the adjacent Mamba area. The programme is aimed at areas that are believed to be highly prospective for additional gas reserves, and the objective is to deliver greater resources for both project areas.
Base Resources Limited (LON:BSE) has continued to mine successfully at the Kwale mineral sands project such that reserves at the Central Dune were depleted by 11.2 mln tonnes of ore containing 790,000 tonnes of heavy mineral, while resources were reduced by 12.8 mln tonnes containing 870,000 tonnes of heavy mineral.
KEFI Minerals plc (LON:KEFI) is now pulling together project finance for the Tulu Kapi gold project in Ethiopia, according to Harry Anagnostaras-Adams, the company’s executive chairman. "It has been an exceptionally busy quarter,” he says.
Cora Gold Limited (LON:CORA) listed on Aim today, following a £3.45mln fundraising exercise. The company is just over 33%-owned by Hummingbird Resources PLC (LON:HUM), and aims to develop a gold project in Mali.
Scotgold Resources Limited (LON:SGZ) has announced the appointment of Richard Barker as a director of the company effective immediately. The group said Barker is a corporate advisor with extensive experience within Australia and the UK in the oil and gas and mining sectors.
Shares in Summit Therapeutics PLC (NASDAQ:SMMT) (LON:SUMM) perked up in London trading after the company presented at ID Week 2017, the conference on infectious diseases. The dual-listed company, which is advancing therapies for Duchenne muscular dystrophy (DMD) and Clostridium difficile infection (CDI), presented further positive gut microbiome data of ridinilazole from its exploratory Phase 2 clinical trial.
Sareum Holdings Plc (LON:SAR), the specialist cancer drug discovery and development business, noted that Sierra Oncology - the licence holder advancing clinical cancer candidate SRA737 - will host a Key Opinion Leader luncheon on the topic of "Beyond PARP: The Clinical Potential of Next Generation DNA Damage Response Therapeutics" on Thursday, October 12 in New York.
Frontier IP (LON:FIPP) announced that its portfolio company Exscientia Limited was the winner of the Best Emerging Biotech Company Award at the OBN Annual Awards ceremony, celebrating outstanding achievement in the UK life sciences sector, held in Oxford on October 5 2017.
Stephen O'Hara, CEO of AIM-listed OptiBiotix Health plc (LON:OPTI) has highlighted an article on medicated microbiomes on biotechniques.com. He said: ‘This article reflects the growing science on how the microbiome adversely effects a wide range of current therapies decreasing efficacy and causing a number of side effects. “ Adding: “As our understanding of the how specific microbial factors effect human health grows we can see precision engineering of the microbiome and the development of medicated microbiome therapies becoming the new frontier of modern medicine’.