Tlou Energy Limited (LON:TLOU) has updated investors on its ongoing seismic programme in Botswana, which is about 40% complete. The 2D seismic programme, spanning the Lesedi and Mamba coal bed methane areas, kicked off earlier this month (on October 8).
Goldplat PLC (LON:GDP) now boasts profitable operations across the board. Recovery plants in South Africa and Ghana continue to perform well, while production continues to increase at the Kilimapesa gold mine.
Rose Petroleum PLC (LON:ROSE) has completed its seismic programme in the Paradox basin, Utah, and the company now expects initial results to be ready before the end of the year. The seismic programme, which covered a 50 square mile area, is a precursor to exploration drilling with the data expected to be used to identify five initial drill targets.
Meanwhile Capital Networks has issued a research note on Rose Petroleum PLC (LON:ROSE), in which analyst Lionel Therond said he believes the company is “well on track” and noted that the group has also indicated it may well advance the timeline for its Paradox Basin project.
Keywords Studios PLC (LON:KWS), the rapidly growing video games ancillary services group, is poised for its largest acquisition so far. A deal has been agreed to buy North America-focused VMC Consulting for US$66mln, an acquisition Keywords expects to be ‘significantly earnings enhancing’ almost immediately.
Greka Drilling Ltd (LON:GDL) told investors it has landed two new contracts in China, together worth around US$9mln - one with Greka Guizhou and one with CNPC unit Bohai Drilling Engineering.
Bloomsbury Publishing PLC (LON:BMY) still has the magic touch when it comes to children’s books; it reported a 33% rise in revenues from Children's titles to £31.7mln, which was a major contribution in the 15% rise in half-year group revenues to £72.1mln.
Intellectual property commercialisation specialist Frontier IP Group Plc (LON:FIPP) said the fair value of its portfolio rose by 45% in the year to 30 June.
Seeing Machines Limited (LON:SEE) is talking to a growing number of car industry players as interest in its FOVIO driver monitoring systems (DMS) technology increases, even at the onset of the semi-autonomous vehicle.
Avacta Group Plc (LON:AVCT) has told investors that Affimer reagents continue to excite the scientific community, with a record nine scientific papers on the subject already penned in 2017. The compares with just two written last year, so interest in the area is clearly growing.
Internet of Things (IOT) enabler Telit Communications Plc (LON:TCM) has received the long-awaited certifications for its LTE CAT-1 VoLTE modules. The delay in getting the approvals was one of the reasons why Telit’s first half revenues came in below expectations.
Human microbiome specialist OptiBiotix Health plc (LON:OPTI) has agreed for its cholesterol and blood pressure reducing food additive LP-LDL to be sold in Spain, Chile, Peru and the Middle East in a three year deal with Galenicum Special Ingredients.
Metal Tiger PLC (LON:MTR) has reported strong exploration drilling results outside of the main T3 copper resource in Botswana that it's developing jointly with Australia's MOD Resources. The drill results indicate that in time T3 could become even bigger.
Stratex International plc (LON:STI) has issued a rebuttal of a plan produced by dissident shareholders to add production from Egyptian gold tailings and to move into base metals exploration in Botswana and Namibia. An EGM is being held on 1st November, and Stratex continues to urge shareholders to vote against the resolutions.
An ongoing review of historical data and initial field reconnaissance has highlighted additional gold potential at the Panorama project in the Pilbara region of Western Australia held by Greatland Gold plc (LON:GGP). Amongst the highlights from the northern licence area are multiple historic rock chip samples with an elevated gold response along a 3.2 kilometre zone, including results of 10.5 grams per tonne gold, 14 grams per tonne and 66 grams.
Greatland Gold plc also reported full year results showing it recorded a net loss of £1.25mln in the year to June 30 as the company continued to pursue its central strategy of working up its existing pipeline of mineral exploration projects in Australia. Total administrative expenses amounted to just under £700,000, with exploration costs ringing in at £557,000.
Kin Group Plc (LON:KIN) has seen an overwhelming majority of its creditors and its shareholders approve its directors’ proposals for a Creditors' Voluntary Arrangement (CVA) edging its shares closer to coming back from a current trading suspension on AIM.
Tavistock Investment PLC (LON:TAVI) has agreed an early settlement of the performance-related deferred consideration payable on the acquisition of Abacus Associates Financial Services Limited. The company said it has agreed, in full settlement, to pay a total of £1.4mln in cash to the vendors of Abacus, representing a significant discount to the anticipated payment it may otherwise have been required to make in July 2018. It also added that, as a part of the agreement, the obligation to make a cash adjustment payment if Tavistock’s share price does not reach 7.5p by July 2018 has lapsed.