Victoria Oil & Gas plc (LON:VOG) has reported better-than-expected results after it kicked off flow testing of the La-108 well at the Logbaba gas field in Cameroon.
Aircraft leasing specialist Avation PLC (LON:AVAP) expects to see growth in reported revenues in the second half of the current financial year, it said in an AGM statement.
Kennedy Ventures PLC (LON:KENV) said investee company, African Tantalum (Aftan), continued to make “significant progress” operationally. Aftan owns the Namibia Tantalite Investment Mine (NTI), which mines and supplies tantalum at high-purity to a single, unnamed customer based in North America.
Cabot Energy PLC (LON:CAB) is to increase its ownership of its Canadian assets, acquiring a 25% stake that it didn’t already own in a deal worth US$8.71mln. At the same time it is raising US$16.5mln of new funds through a share sale, with new shares priced at 5p each.
The first half of the financial year of Mirada Plc (LON:MIRA) saw the company start to reap the benefit of its heavy investment in marketing, with contract wins in the Caribbean and Bolivia.
The US subsidiary of specialty pharma group Midatech Pharma Plc (LON:MTPH) has kicked off a phase IV clinical trial of its Gelclair oral gel. Gelclair is already used to treat oral mucositis (OM) – which causes sores and inflation of the mouth – in cancer patients undergoing chemotherapy.
Amryt Pharmaceuticals PLC (LON:AMYT) has appointed Patrick Jordan as vice-president of global distributor markets. He is an 18-year veteran of the healthcare industry and has held senior roles at Pfizer and MSD (Merck & Co).
The year to the end of September was, by the company's own admission, an extraordinary one for drugs company Redx Pharma Plc (LON:REDX), but it has emerged from administration with a healthy cash balance, a reduced cost base and a strengthened management team.
Sound Energy PLC (LON:SOU) revealed that preliminary results of a volume certification process (being conducted by consultant RPS Energy) regarding the TE-5 Horst well location validate the group’s prior estimate, which put mid-case gross Gas Originally in Place at some 0.63 trillion cubic feet.
Capital Drilling Limited (LON:CAPD) has inked a two year extension to its contract for Acacia's North Mara mine, where it is providing blast hole and grade control drilling services. The company has been active at the North Mara site since 2008 and the new extension takes the operation through to December 2019. It currently has five rigs onsite, which are expected to remain in place for the duration of the contract.
Savannah Petroleum PLC (LON:SAVP) has announced it will now raise half as much in its proposed equity funding, coinciding with its Nigerian asset acquisition. In a stock market statement the company said it would now be raising US$125mln in the share placing, and the placing price is expected to be set at 35p per share.
Shares in Collagen Solutions PLC (LON:COS) rose 13% after it unveiled a partnering deal in South Korea. Insung Medical will help commercialise the UK firm’s flagship product, ChondroMimetic. This is a minimally-invasive, surgically-placed scaffold for the repair of cartilage defects in the knee.