Concern over waste plastics is driving customers towards Symphony Environmental Technologies plc (LON:SYM) and its biodegradable plastics additive, d2w. Michael Laurier, chief executive, said the desire to find a solution to the plastics problem has reached “tipping point”. Revenues rose 22% to £8.3mln in 2017 while underlying profits before R&D jumped 58% to £1.2mln.
AfriTin Mining Ltd (LON:ATM) said completion of detailed geological mapping has confirmed the presence of mineralisation throughout the unmined surface extensions over the V1 and V2 pegmatite bodies at the Uis tin mine in Namibia.
SDX Energy Inc (LON:SDX) (CVE:SDX) has struck a new oil discovery in the Rabul 5 well in the West Gharib Concession in Egypt, where the well will shortly be completed for production. The Rabul 5 well was drilled down to 5,280 feet and it encountered some 151 feet of net heavy oil pay, across the Yusr and Bakr formations. The average porosity was said to be 18%.
Bushveld Minerals Limited (LON:BMN) announced that it has received notice from Atlas Special Opportunities, LLC to exercise £725,000 of convertible bonds into 8,809,234 ordinary shares at a conversion price of 8.23p each. Following the exercise, Atlas holds a total of £4.275mln worth of Bushveld convertible bonds.
Futura Medical PLC (LON:FUM) said negotiations over a deal with a partner that would help commercialise its breakthrough erectile dysfunction treatment are at an advanced stage. MED2002 is a rapid onset gel designed for those men where the current pill-based treatments aren’t appropriate or carry significant side-effects.
Annualised recurring revenue (ARR) grew by more than a third in 2017 at StatPro Group PLC (LON:SOG), driven by the acquisition of Delta from UBS. The portfolio analytics software provider said ARR rose 35%, or 39% on a constant currency (CC) basis, to £53.04mln in 2017 from £93.27mln the year before.
CentralNic Group PLC has confirmed that discussions are taking place regarding the potential combination of the AIM-listed firm and Luxembourg-based KeyDrive S.A. and its sUBSidiaries including leading domain reseller platforms and the corporate registrar BrandShelter.
Summit Therapeutics PLC (LON:SUMM, NASDAQ:SMMT) has been banging the drum at the 2018 MDA Clinical Conference in Arlington, Virginia, about its PhaseOut DMD clinical trial. Summit stressed the scientific rigour of PhaseOut DMD, a Phase 2 open-label trial of the company's utrophin modulator, ezutromid, in patients with Duchenne muscular dystrophy (DMD).
Chariot Oil & Gas Limited (LON:CHAR) told investors that the Rabat Deep exploration well is now underway. The company owns a 10% stake in the exploration project, offshore Morocco, where the Saipem 12000 drillship is now drilling.
Corero Network Security PLC (LON:CNS) has received two new orders for its SmartWall Threat Defense System technology and said two additional incremental orders are expected later in 2018. The AIM-listed cybersecurity provider said the new contract wins, with a combined value of US$0.9mln, consist of a new deal with a UK-based multi-brand media company and an ongoing development for an existing customer.
International specialist staffing group Empresaria Group plc (LON:EMR) has racked up 18 consecutive quarters of net fee income growth. The group said that worldwide economic conditions are “largely positive” and the main markets in which it operates are expected to grow – even the poor old UK, which continues to operate “under a cloud of Brexit uncertainty”.
Sound Energy PLC (LON:SOU) has updated investors on the process that will deliver shareholders stakes in Saffron Energy, as part of the divestment of the group’s Italian assets. The company is selling the Italian assets to Saffron, which is being relaunched as Coro Energy, in a share based deal though it won’t retain any of the stake. Instead, the shares will be redistributed to shareholders.
Mosman Oil And Gas Ltd (LON:MSMN) told investors that it remains focussed in the short term on its “strategically important and high-impact” assets in the United States. At the same time, it said it continues to make “good progress” with its exploration portfolio in Australia where it now has two 100% owned and one application spanning a total of 5,458 square kilometres.
Europa Oil & Gas Holdings PLC (LON:EOG) told investors that it intends to fast-track ongoing technical work on the Licensing Option 16/20, an exploration area in the vicinity of the Corrib gas field, offshore Ireland. It is picking up the pace because of positive findings in the work carried out to date.
Touchstone Exploration Inc (LON:TXP, TSE:TXP) told investors that it has optimised the wells drilled in 2017 and updated on the 2018 drill programme. Oil sales averaged 1,521 and 1,552 barrels per day for the months of January and February respectively, at average prices of US$61.17 and US$57.79 per barrel.
Alba Mineral Resources PLC (AIM: ALBA), which has oil interests in the emerging Weald Basin in the south of England, has appointed a heavy hitting technical consultant. She is Sue Corrigan, a geologist and geoscientist with 40 years' industry experience in both exploration and development geology.
Ariana Resources plc (LON:AAU) said it has been informed that its chairman, Michael de Villiers today purchased 920,000 ordinary shares in the company at a price of 1.29p per each. Following this purchase, de Villier's shareholding in the company continues to be 40mln ordinary shares, representing 3.77% of the issued share capital.