Victoria Oil & Gas plc (LON:VOG) has revealed better-than-expected initial results from the drilling of the Logbaba-8 well in Cameroon. The La-8 well was drilled down to a target depth of 2,865 metres and it encountered some 84.5 metres of net gas intervals, across the upper and lower Logbaba formations – which exceeded expectations and is significantly more than the 58 metres seen in the successful recent La-7 well.
Shanta Gold (LON:SHG) has received a US$3.4mln VAT refund, made up of a US$1.9mln offset against corporate taxes payable in 2016 and 2017 and a cash payment to the company of US$1.5mln. The current VAT receivable balance has reduced to US$13.4mln. million.
Belvoir Lettings PLC (LON:BLV), the UK's largest property franchise, said its Northwood franchise network has completed five portfolio acquisitions in the past two months, bringing the total number acquired this year to 10. The 10 new portfolios should generate around £140,000 a year in management service fees.
Cabot Energy PLC (LON:CAB) has released its annual reserves statement which shows a sUBStantial increase in the Canada-focused group’s inventory as of 30 September 2017. Total gross proven and probable (2P) reserves amounted to 2.9mln barrels oil equivalent, representing a 53% rise from 1.9mln barrels at the same point in 2016.
AdEPT (AIM: ADT), the UK provider of managed services for IT, unified communications, connectivity and voice solutions, has announced the appointment of Christopher Kingsman as a non-executive director with immediate effect.
Genedrive PLC (LON:GDR) said chief operating officer Allan Brown is to leave the company next year as part of its management shakeup. Brown will step down after 31 January 2018 to ensure a smooth handover, the company said.
Petropavlovsk PLC (LON:POG) has announced that its subsidiary Petropavlovsk 2016 has set the issue price of its US$500mln loan notes at 100%. The notes have an 8.125% interest due on November 14, 2022.
NQ Minerals PLC (AQSE:NQMI, OTCQB:NQMLF), an Australia-based exploration and mining company, has raised roughly £150,000 through a share issue for working capital purposes.
Akers Biosciences Inc. (LON:AKR) has received proceeds of US$337,200 through the conversion of 337,000 warrants into shares at a price of US$1.0 each. The company has applied for the admission of the common shares to AIM, which is expected to take place on November 13.
Ferrum Crescent said it has completed its £185,250 fundraising through the issue of 370,499,858 new ordinary shares. The placing shares were issued to mining veteran Colin Bird and certain of his associates, including African Pioneer Plc. Proceeds will be used to support its lead-zinc exploration programme in North West Spain and for general working capital purposes.
Microbiome pioneer OptiBiotix Health PLC (LON:OPTI) will launch its revised formulation of hunger suppressant product SlimBiome using a powder technology developed by its new partner Knighton’s.
Bacanora Minerals Ltd (LON:BCN CVE:BCN) has been granted a mining licence for its Zinnwald joint venture in Germany, putting it on track to have two lithium mines in operation.
Gold miner Stratex International PLC (LON:STI) has invited former chief executive Bob Foster to take up his old job following the departure of Marcus Engelbrecht.
The ongoing Phase I/II trial of ReNeuron Group PLC’s (LON:RENE) human retinal progenitor cell (hRPC) therapy has been given the green light by regulators to move into the Phase II part of the study.
Bushveld Minerals Limited (LON:BMN) has published a proposed timetable relating to its demerger of AfriTin Mining. The demerger record date is today, while the redemption and payment dates are tomorrow.
Blockchain focussed investor Coinsilium Group Limited (AQSE:COIN) has inked a deal with a German mobile payments specialist for collaboration on new technologies targeting the business-to-consumer (B2C) market.
Lionsgold Limited (LON:LION) has appointed former Rio Tinto executive Alan Davies as global strategy consultant.
Skinny Tan owner InnovaDerma PLC (LON:IDP) will tell investors it is on track to hit full-year expectations at Wednesday’s annual general meeting, buoyed by a “positive market” for its range of products.
Dmitri Tsvetkov has been appointed as the new chief financial officer of India-focused power plant developer OPG Power Ventures PLC (LON:OPG). He will replace long-term finance director V. Narayan Swami who is retiring from the board.
Auroch Minerals, in which Cadence Minerals Plc (LON:KDNC) owns a 7.7% equity stake, has identified more cobalite at its Tisova project in the Czech Republic.
Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, said it has decided to postpone a proposed note issue as pricing failed to match its investment criteria.
Ebiquity plc (LON:EBQ) said it has issued 1,589 ordinary shares of 25p each in the capital of the company following the exercise of options under the company's share option schemes. Following the expected admission of the shares, the total number of ordinary shares in issue will be 77,597,461 with each share carrying the right to one vote.
Scotgold Resources Limited (LON:SGZ) said an further 1,575 fully paid ordinary shares has been issue on conversion of options exercisable at £1.00 on or before 30 September 2017. The issuance of the additional 1,575 option shares has been delayed while the necessary documentation was in transit.