Mosman Oil And Gas Limited (LON:MSMN) produced 3,558 barrels in the four months to January from its Welch project in Texas. Cash flow from the project was also positive over the period. The first phase of workovers has established production of up to 40 barrels per day.
Eland Oil & Gas PLC (LON:ELA) has delivered another strong production update from the Opuama field in Nigeria. Overall the field, from its four wells, is currently producing at a rate of around 22,000 bopd.
SDX Energy Inc (LON:SDX) (CVE:SDX) told investors it has secured a drill rig for a programme of at least four new wells in Egypt. The company said the rig will be released from its present job in late February, meaning it should be available and mobilised ready for the first new SDX well in mid-March.
Ebiquity plc (LON:EBQ) is to sell its advertising intelligence (AdIntel) business to Nielsen Holdings PLC for £26mln in cash. Ebiquity said the disposal would increase its focus on its Media Value Measurement (MVM) and Marketing Performance Optimisation (MPO) divisions, which historically have shown faster rates of growth than the Market Intelligence (MI) division.
Gfinity Plc (LON:GFIN) has announced that UNILAD esports team, backed by its global media namesake, will join the third season of the Elite Series, taking place in the Gfinity Arena in London next month. As part of an agreement, UNILAD will host content from the third season of the Gfinity Elite series across multiple channels during eight weeks of competition.
Tlou Energy Ltd. (LON:TLOU) has been asked by the Botswana government to re-tender for the 100Mw Lesedi coal bed methane-powered power station contract. The Ministry of Mineral Resources, Green Technology and Energy Security has requested that both short-listed bidding companies, Tlou and Sekaname, re-submit bids.
ReNeuron Group Plc (LON:RENE) received a boost from the publication of new positive data from an artificial nerve tissue study. The pre-clinical model of nerve injury demonstrated comparable nerve regeneration compared to standard of care treatment and a stronger muscle function response.
Galileo Resources PLC (LON:GLR) has updated investors on its ongoing drilling programme at the Star Zinc project in Zambia. Over 750 metres of diamond core drilling has been completed to date, with individual holes being drilled down as deep as 70 metres, and thirteen holes have intersected high grade mineralisation marking out 100 metres of strike length.
MaxCyte PLC (LON:MXCT) has appointed a new independent director who brings with him three decades’ of experience of the life sciences industry gleaned working with one of the pioneers of biotechnology. He is Richard Douglas, who was senior vice president of corporate development and corporate officer at Genzyme Corporation from 1989 until the business’ sale to Sanofi in 2011.
Pan African Resources plc (LON:PAF) delivered just over 85,000 ounces of gold in during the six months to December 2017. That was somewhat lower than the amount delivered in the corresponding period in 2016, as labour disputes, processing and underground development issues all took a toll. Nonetheless, the company was still able to turn in profits of £3.3mln, and to fund a dividend for the full year of 0.88p.
Amur Minerals Corporation (LON:AMC) has secured a US$10mln convertible loan to allow it to continue with work at the Kun-Manie nickel sulphide deposit in Russia. Amur will draw down US$4mln of the new money tomorrow.
Metal Tiger PLC (LON:MTR) yesterday provided an update with regard to the company’s investment in MOD Resources Limited (ASX:MOD), saying it currently holds 111.2mln MOD shares valued at present at A$6.00mln (circa £3.395mln) as at Friday’s ASX closing price of A$0.054 per share. The firm said this represents 5.87% of the issued share capital of MOD. Metal Tiger also holds 1,541,667 MOD warrants with an exercise price of $A0.06 and an expiry date of 15 April 2019.
Learning Technologies Group PLC (LON:LTG) the leading integrated e-learning services and technologies provider, announced that two of its directors sold shares in the company on 12 February 2018 in order to satisfy institutional buying demand. It said its chief executive, Jonathan Satchell and its chief strategy officer, Piers Lea both sold 3mln at a price of 75p each. Following these share dealings, Satchell is interested in 100,139,995 Learning Tech ordinary shares, representing approximately 17.4%% of the company's issued share capital, and Lea is interested in 13,023,383 ordinary shares, representing approximately 2.3% of the issued share capital.
Oracle Power PLC (LON:ORCP) announced that its chairman Mark Steed yesterday purchased 657,500 ordinary shares of the company on the market, in two transactions - 650,000 shares at a price of 1.6p each; and 7,500 shares at a price of 1.619p each. The group said, following these transactions, Steed's beneficial interest in the company stands at 1,000,000 ordinary shares, representing 0.0946% of the issued share capital.