UK Oil & Gas PLC (LON:AIM) saw shares advance over 6% in early deals, as it and Alba Mineral Resources PLC (LON:ALBA), also higher, updated on the planning progress at the closely followed Horse Hill oil project in southern UK. Both are members of the consortium behind the group Horse Hill Developments Ltd (HHDL), which in turn has a 65% participating interest in the project.
ImmuPharma PLC (LON:IMM) said the database lock of its phase III clinical trial of Lupuzor, for the autoimmune disease lupus, is expected on April 6. This is a significant milestone. It denotes the end of the pivotal study, but also prevents unauthorised or unintended changes to the information garnered.
SDX Energy Inc (LON:SDX, CVE:SDX) financial results confirmed a substantial improvement in revenue as it continues to grow operations in Egypt and Morocco. Chief executive Paul Welch described 2017 as an “exceptional year” for the company as it benefitted from its acquisition of Circle Oil’s assets and had success with the drill-bit.
Primary Health Properties PLC (LON:PHP), the owner of medical centres and doctors' surgeries, is to raise up to £100mln by issuing shares at 114p. The price represents a discount of 5.3p to last night's closing share price.
Canadian Overseas Petroleum Limited (LON:COPL) boss Arthur Millholland told investors that the company is looking forward to an upcoming appraisal of the NOA oil discovery, within the OPL 226 area offshore Nigeria. "The past 12 months, our focus was, and continues to be, on developing our highly prospective oil appraisal and development project at OPL 226,” he said.
i3 Energy Plc (LON:I3E) told investors that it continues to see progress with its partnering efforts, with talks ongoing with multiple potential joint venture partners. In late 2017, the junior North Sea oiler kicked off the process for a potential farm-out, that could deliver funding to develop the Liberator field.
ADES International Holding Ltd (LON:ADES), the offshore and onshore oil and gas drilling and production services provider, has signed a US$450mln syndicated credit facility.
Metminco Limited (LON:MNC) (ASX:MNC) said it is now seeking to raise A$5.7mln through a revised rights issue as it shifts its strategy and has named a new executive chairman. The AIM-listed miner said the rights issue would now be on the basis of 9.5 for two 2 renounceable entitlement issues at A$0.8 each to raise circa A$5.6mln combined with a placement of 19mln shares, also at A$0.8 each, to raise around A$150,000.
Fertiliser producer Harvest Minerals Limited (LON:HMI) said in its interim results statement it Arapua project is on the cusp of reaping the benefits of significant investment as commercial production nears.
Cadogan Petroleum PLC (LON:CAD) told investors that the Blazh-3 well, on the Monastyretska license in Western Ukraine, has shown improved output following the completion of a workover. The well’s production increased to 125 barrels per day, up from 45 bpd, and it is now being monitored before a decision is made on further enhancements.
A newly ‘unbound’ Range Resources Ltd (LON:RRL) offers investors upside in the order of 200%, that’s according to Cantor Fitzgerald analyst Ashley Kelty. “Range capped a busy week of news with the announcement of an aggressive 2018 work programme at Perlak in Indonesia,” the analyst said in a note.
Premier African Minerals Limited (LON:PREM) has welcomed changes to the indigenisation legislation in Zimbabwe, which potentially pave the way for its holding in tungsten mine RHA to be restructured.
Former diamond miner Golden Saint Resources PLC (LON:GSR) is to cancel its AIM listing ahead of a planned reverse takeover of EMS Wiring Systems. Once that deal completes Golden Saint will re-list on the standard section of London’s main market, but until then shareholders will have no formal market on which to trade their shares.
Maistro PLC (LON:MAIS) announced that it has been notified that, on 22 March 2018, its chairman David Rowe purchased 259,000 ordinary shares in the company at a price of 3.9p each, taking total shareholding to 11,830,429 ordinary shares, representing 6.68% of the total voting share capital. In addition, the group said, it has also been notified that Richard Rae, a non-executive director, purchased 250,000 ordinary shares at a price of 4.0p each on March 23, taking his total shareholding to 5,535,714 ordinary shares, representing 3.13% of the total voting share capital.
Wolf Minerals Limited (ASX: WLF) (LON:WLFE) announces that an updated corporate presentation is now available for download from the specialty metals producer's website.