Stratex International plc (LON:STI) saw its shares jump on Thursday as the miner unveiled the proposed appointment of a new CEO and said it is currently identifying new value-appropriate projects in Africa and Europe.
Diversified Gas & Oil plc (LON:DGOC) will triple its gas production through the acquisition of two producing assets in the Appalachian Basin, US, at a cost of US$180mln.
Video games services provider Keywords Studios PLC (LON:KWS) expects its 2017 revenues and profits to be “comfortably ahead” of market expectations.
Plexus Holdings Plc (LON:POS) has confirmed it has now completed the sale of its jack-up business to a subsidiary of TechnipFMC. The company has now received the initial consideration of £14.16mln, and could receive up to £27.6mln of future payments depending on the performance of the jack-up business.
LEKOIL Limited (LON:LEK) has now kicked off a new 3D seismic survey at the Otakikpo oil field in Nigeria. Sinopec is the contractor for the programme, which is expected to run through to completion in June.
Highlands Natural Resources Plc (LON:HNR) told investors that gas production rates have “intermittently peaked” at up to 216 thousand cubic feet per day in testing at the Helius Two project. The result, at the natural gas and helium project in Montana, represents an important step towards commercialisation of Highlands' growing land position, HNR highlighted.
Capital Drilling Ltd (LON:CAPD) boss Jamie Boyton has highlighted the group’s strong revenue and margin growth in 2017 as the company updated investors on its fourth quarter. Quarterly revenue amounted to US$27.1mln for the three months to the end of December, representing a slight decrease from the US$27.8mln reported in the same period of last year. For the full year, revenue totalled US$119.4mln which represents a 28% increase from the preceding year.
European regulators have granted Faron Pharmaceuticals Ltd (LON:FARN) a patent for the use of its Clever-1 antibodies – the mechanism behind the AIM-quoted firm’s Clevegen potential cancer immunotherapy.
Powerhouse Energy Group PLC (LON:PHE) has issued 280.4mln shares in respect of the convertible notes arrangement with finance house Hillgrove Investments. The share issue finally settles the arrangement that was announced in February of last year; the shares were not issued to Hillgrove at that time as they were subject to a lock-in arrangement.
Lithium specialist Bacanora Minerals Ltd (LON:BCN) says the proposed investment from Chinese fund management Nextview will complete later than expected. NextView has agreed to invest £31.2mln approximately at 94.53p per share. The original deadline was the end of January but this has now been extended.
Colombian gold explorer Metminco PLC (LON:MNC ASX:MNC) made significant progress during its most recent quarter, said managing director William Howe in his latest three months update. “The company announced a maiden ore Reserve for the Miraflores gold project and completed a Feasibility Study for its potential development.
Dual-listed Pan African Resources plc (LON:PAF) hailed the improved operational and financial performance of its Evander Mines division in the second half of 2017. Evander returned to profitability as a result of the remedial action taken to address the critical shaft infrastructure and the cost base of the operation.
Thor Mining Limited (LON:THR) expects to continue an aggressive approach at all of its core projects, executive chairman Mick Billing said in its December quarterly report.
Pharma services and drug development company Ergomed Plc (LON:ERGO) has successfully raised £3.9mln from investors as it looks to bolster its PrimeVigilance platform.
Customised electronics supplier discoverIE Group PLC (LON:DSCV) has acquired Santon Group, a Dutch designer and manufacturer of custom switches for electronic applications.
Coal bed methane group Curzon Energy Plc (LON:CZN) has confirmed the start of well testing at the Coos Bay project, on January 29, and told investors that the initial results show the coals are fully saturated and do not need long-term dewatering. Curzon added that the well is “showing signs of early gas production” and it is anticipated that gas volumes will increase steadily as reservoir water is removed.
IronRidge Resources Limited’s (LON:IRR) boss has said the group is encouraged by the results generated from the recent aeromagnetics survey on its extensive gold portfolio in Chad, Central Africa. In a statement, Vincent Mascolo, Ironridge’s chief executive officer said: “The aeromagnetics data will help us to understand the structural settings and possible controls on known mineralisation; thereby helping define potential additional targets for follow-up work.”
Ariana Resources plc (LON:AAU) said its Kiziltepe mine in Turkey saw the production and sale of 4,501 ounces of gold and 35,095 ounces of silver during the quarter ended 31 December 2017, exceeding feasibility forecasts by around 38% for recovered gold on an annualised basis.
The fourth quarter saw record production at Pickstone-Peerless, the gold mine in Zimbabwe operated by Vast Resources PLC (LON:VAST), but output at Manaila in Romania was hit by a planned shut-down of the plant.
KEFI Minerals plc (LON:KEFI), the AIM-quoted gold and copper exploration and development company said it has appointed three people to the company's senior management team. It said the three new appointments are the members of International Mining Performance - David Munro to serve as Head of Operations, Eddy Solbrandt as Head of Systems and Brian Hosking as Head of Human Resources and Technical Planning as from March 2018.
OptiBiotix Health plc (LON:OPTI), the life sciences business developing compounds to tackle obesity, high cholesterol, diabetes, said it has been notified that its non-executive chairman, Neil Davidson today acquired 165,000 ordinary shares in the company via his SIPP, representing 0.21% of the issued share capital, at a price of 60p each.
Harvest Minerals Limited (LON:HMI), the AIM listed fertiliser producer, has announced the appointment of David Burton to its board as a non-executive director with immediate effect. The group said Burton has over 25 years' experience in the financial capital markets.
Jubilee Metals Group PLC (LON:JLP) has invited shareholders to participate in a LIVE interactive webcast, scheduled to commence at 9:00am UK time on Tuesday 6 February 2018.