Europa Oil & Gas Holdings PLC (LON:EOG) has identified the potential for more than 2.5 trillion cubic feet of gas in its exploration area, in the Slyne basin, adjacent to Ireland’s Corrib field. Corrib is Ireland’s largest producing offshore gas field, with significant infrastructure to shore, and the AIM quoted explorer is assessing the nearby area for new discoveries.
Ortac Resources Ltd (LON:OTC) has increased its stake in Casa Mining to 84.7% from roughly 45% at the time it announced its offer last month. To date, Ortac has issued 66.55mln shares to Casa shareholders, and potentially another 33.45mln could be issued if it ends up with 100% of Casa.
Savannah Resources Plc (LON:SAV) has found some of the highest grades of lithium oxide ever seen in Europe from its latest drilling programme in Portugal. Significant intersections of lithium mineralisation were crossed from a shallow drilling programme at Mina do Barroso, which Savannah now describes as outstanding deposit.
Bacanora Minerals Ltd’s (LON:BCN) Sonora project in Mexico can become one of the world’s foremost lithium deposits said chief executive Peter Secker after a definitive feasibility study valued it at US$1.25bn. The study confirmed the favourable operating costs for a 35,000 tonnes per annum battery grade lithium carbonate operation, he said.
Keywords Studios PLC (LON:KWS), the technical services provider to the global video games industry, is on the acquisition trail again – this time in Eastern Europe. It has acquired Sperasoft Inc and Sperasoft Studio LLC for US$27mln from the founders, all of whom will remain with the business.
BATM Advanced Communications Ltd’s (LON:BVC) software development subsidiary, Telco Systems, has partnered up with Tokyo firm Trend Micro to launch a cybersecurity solution for deployment across virtual networks.
Active Energy Group PLC (LON:AEG) said Brian Evans-Jones will step down as finance director to focus on his role as managing director of the company’s Advanced Biomass Solutions (ABS) unit. ABS is focused on the international commercial roll out of CoalSwitch biomass fuel.
Hummingbird Resources PLC (LON:HUM) has confirmed that talks with African Gold Group for a potential earn-in to a 50% interest in the Kobada gold project have ended. The company said the conditional letter of intent (LOI) it signed with African Gold has automatically terminated as the conditions were not satisfied within the required 45-day period.
Chariot Oil & Gas Limited (LON:CHAR) confirmed it is working to take advantage of the current historically low costs for deep-water well drilling, as it advances towards an expected March 2018 spud for the Rabat Deep exploration well offshore Morocco. “Having previously taken advantage of the low seismic acquisition rates, Chariot is now focusing on the supply and demand dynamics of the deepwater drilling rig market..
Curzon Energy Plc (LON:CZN) has updated on its operations at the Coos Bay coal bed methane project, in Oregon, where clean-out works have now been completed for three of five wells in the programme. Work has now begun on the fourth well and it is expected that the fifth will be complete in the coming weeks. Thereafter, it is anticipated that each of the wells will be put on production testing.
Interim results from India-focused generator OPG Power Ventures PLC (LON:OPG) confirmed what the market had been primed to expect: that a strong operational performance had been offset by higher seaborne coal prices. It is said its designation as a ‘captive’ producer of electricity to the industrial sector in Gujarat ‘reaffirms’ the company’s business model there and should strengthen its cash flow.
Stratex International plc (LON:STI) said the resource statement from Thani Stratex Resources for the Anbat gold project in Egypt has been tweaked after being released to the market prematurely. That said, the inferred mineral resource remains unchanged at 209,000 ounces at 1.11 grams per tonne. The material change to the original resource estimate relates to the conceptual pit optimisation. The revised statement can be viewed here.
Greatland Gold plc (LON:GGP), the precious and base metals exploration and development company, said that - further to its announcement of 17 November – it now expects to be able to provide an update to the market regarding work completed by Newmont Exploration at the Ernest Giles project in early January 2018. The AIM listed group said Newmont is currently evaluating the results of its surface sampling program on the project.
Anglo Pacific Group plc (LON:APF) (TSX:APY), the London and Toronto listed royalty company, has announce that Canaccord Genuity has been appointed as its Joint Corporate Broker with immediate effect. Canaccord will work alongside the company's other brokers, BMO Capital Markets and Peel Hunt.
Capital Networks has issued a research note on Green Dragon Gas Limited (LON:GDG) following the group’s plans to list its production subsidiary on the Hong Kong Stock Exchange. Analyst Lionel Therond has noted the intention for the company to be debt free as a result, which he takes as a positive. The analyst keeps his 221p per share valuation for Green Dragon Gas unchanged.
Capital Networks has issued a research note on specialist technical products distributor Diploma PLC (LON:DPLM), with analyst Ed Stacey arguing that that the company is “well placed to continue delivering shareholder value.”