Europa Oil & Gas Holdings PLC (LON:EOG) is expecting to see more progress with its Irish portfolio and is looking forward to drilling at the Holmwood project onshore UK.
Cabot Energy PLC (LON:CAB) has told investors that the side-track of the 16-05 well at the Rainbow project, in Canada, has seen significantly better than expected flow rates during well testing. The side-track well is now in production, connected to the existing pipeline. It was tested for a 24 hour period, in which it yielded some 573 barrels of oil. The exit rate of the test was around 680 bopd.
Seeing Machines Limited (LON:SEE) shares drove higher early on Monday after the eye-tracking and facial recognition specialist won a new contract with a German car giant. The AIM-listed company will supply its FOVIO driver monitoring system (DMS) technology to the “premium German automotive partner” for use in its new car models, which are scheduled for mass production in 2020.
Corero Network Security PLC (LON:CNS) has secured its first SmartWall Threat Defense contract win in the Australian market; the contract is worth more than US$200,000.
Ortac Resources Ltd (LON:OTC) has raised £1.7mln before expenses from a placing of 85mln new ordinary shares at 2p per share to fund further investments in Ortac's core African assets, and has reshuffled its management, with its CEO stepping down and an executive chairman appointed. Vasillios Carellas, the company's CEO, will step down from the Ortac’s board with immediate effect and will take up the role of chief operating officer focusing on the group's promising African exploration assets. Nick von Schirnding will assume the role of executive chairman.
Green Dragon Gas Ltd.(LSE:GDG) shares rose 4% after it agreed extensions to its debt maturities with the majority of debt holders moving the date out to November 20, 2018. The extensions are subject to amendments being made to an inter-creditor agreement, which is anticipated to be completed on or before November 15.
NetScientific PLC (LON:NSCI) said one of its portfolio companies will update the scientific community on an advance in the field of respiratory health. ProAxsis will give two poster presentations providing further data on its ProteaseTag technology.
PulsiV Solar, a portfolio company of Frontier IP Group Plc (LON:FIPP), has been granted two patents in the United States to protect its intellectual property. PulsiV a spin-out from the University of Plymouth, is developing technology that significantly improves the amount of energy generated by solar panel inverters and harvested for supply to the grid.
Haydale Graphene Industries PLC (LON:HAYD) said its patent application governing the way it ‘functionalises’ wonder material graphene and other materials for commercial use has been granted in the US. This means the company’s plasma process is now protected in the all its key markets, including UK, Europe, Japan, China and Australia.
Tekcapital PLC (LON:TEK) has licensed a patent developed by the Florida Agricultural and Mechanical University that could be the backbone of software for autonomously controlling cars, trucks and drones using artificial intelligence. The company, which is wrapping the intellectual property into its Guident business, says the technology may one day be used to develop an app that will dispatch vehicles to find a parking spots and then retrieve them again.
Shares in Greatland Gold plc (LON:GGP) headed higher on Monday morning as the explorer revealed its cash pile has grown recently. As of last Friday, net cash stood at roughly £4mln, helped by last month’s placing of shares, which raised £750,000, and by the recent conversion of warrants into Greatland shares, which brought in about £2.5mln.
Highlands Natural Resources Plc (LON:HNR) has commenced flow back operations at the Wildhorse and Powell wells at its East Denver Niobrara oil and gas shale project in Colorado. As previously announced, the Wells were hydraulically fractured 55 times each for a total of 110 intervals.
Echo Energy Plc (LON:ECHO) has confirmed it is holding talks over a potential new acquisition in South America. The company, in a statement, told investors that it is in discussions for a potential farm-in to oil and gas assets, though due to the size of the acquisition the transaction would constitute a reverse takeover and as such the company’s shares are being suspended on AIM.
Diversified Gas & Oil plc (LON:DGOC) told investors that its acquisition of assets from Titan Energy is now wholly complete and it said that overall trading remains in-line with current market forecasts. The acquisition means the company now operates around 17,000 wells and it is optimising asset performance whilst reducing costs.
Thor Mining PLC (LON:THR) says it will be able to improve the economics at the Molyhil tungsten and molybdenum project in Australia, following ore sorting tests. The project was previously the subject of an economic study which ascribed to it a net present value of A$67mln.
Wolf Minerals PLC (LON:WLFE) has received permission from the Australian Securities Exchange to grant security over the Hemerdon tungsten project in return for a £10 mln extension to bridging finance offered by long-time supporter Resource Capital Funds. The total bridge finance now in place amounts to £55 mln.
Katoro Gold PLC (LON: KAT) has completed phase of its environmental and social impact assessment study, known as an ESIA, for the Imweru gold project in Tanzania. The National Environmental Management Council has acknowledged receipt of the Scoping Report and Terms of Reference for the execution of the final phase of the ESIA, being the detailed Environmental Impact Assessment.
Strategic Minerals Plc (LON:SML) has raised just over £1 mln via an oversubscribed placing of shares. The money will be used to secure and then to develop the Leigh Creek copper project in Australia, which the company currently has under option.
Keywords Studios PLC (LON:KWS), the international technical services provider to the global video games industry, has completed the acquisition of VMC Consulting Corporation and Volt Canada Inc on the terms previously announced.
Green Dragon Gas Ltd. (LON:GDG), one of the largest independent companies involved in the production and sale of coal bed methane (CBM) gas in China, announced that it has progressed discussions with the majority of its debt holders to extend existing maturities to 20th November 2018.
Capital Networks has issued a research report on e-Therapeutics PLC (LON:ETX), concluding that it is an “undervalued stock with a unique approach to drug discovery”, according to analyst Riccardo Lowi.
Capital Networks has also issued a research report on Chariot Oil & Gas Ltd. (LON:CHAR), with analyst Lionel Therond concluding that he believe this is an opportune time for potential investors to revisit the equity story.