Proactive news snapshot: Sunrise Resources, Feedback, Highlands Natural Resources …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Sunrise Resources Plc (LON:SRES) said it has signed a non-binding memorandum of understanding (MOU) that will pave the way for the first sales of perlite from its CS Pozzolan-Perlite project in Nevada, USA.

Feedback plc (LON:FDBK) has announced that its subsidiary company, Feedback Medical Limited, has signed a two-year agreement with Royal Papworth Hospital NHS Foundation Trust to support and maintain its Cadran picture archiving communication system (PACS), which provides decision support for scan analysis..

Highlands Natural Resources Plc (LON:HNR) told investors that drilling has restarted for the East Denver shale project, with the spudding of the third well. Last week, the company agreed a funding deal with True Oil which sees the costs of at least six new wells being covered by Highland’s partner.

A strong performance in the UK lifted tech recruitment specialist Harvey Nash PLC’s (LON:HVN) revenues to record levels. Albert Ellis, chief executive, described the performance in the UK as outstanding in view of the uncertainty sparked by Brexit.

Bushveld Minerals Limited (LON:BMN) has said it is pleased with the ‘strong performance’ at its Vametco vanadium operation during the first quarter of 2018, as the first phase of the expansion project was completed. Big Pic in November.

SDX Energy Inc (LON:SDX) has told investors that it has begun drilling the  LMS-1 exploration well on the Lalla Mimouna permit, onshore Morocco. It is the final well in the group’s current campaign in Morocco, and the well is expected to take 15 to 20 days to drill.

Katoro Gold PLC (LON:KAT) has released its financial results statement for 2017, a year in which the company made transformational changes. In May, the group completed the acquisition of Kibo Gold for £3.66mln and completed a work programme – under budget and ahead of schedule – which included a preliminary pre-feasibility study.

Xtract Resources PLC (LON:XTR) reported an increase in first quarter gold sales from the Manica project in Mozambique despite production taking a hit from heavy rainfall. Xtract’s share of gold revenue and costs from the project is 40% under a collaboration agreement between its subsidiary Explorator and Nexus Capital Limited signed last June.

Solo Oil PLC (LON:SOLO) has announced that Aminex plc (LON:AEX) believes that an opportunity may exist to recover additional gas volumes at the Kiliwani North gas field in Tanzania. The AIM-listed explorer said that Aminex - in which Solo holds a 7.55% interest - continues to produce from the Kiliwani North-1 well infrequently and at restricted rates.

Aminex plc’s (LON:AEX) full year results statement reflect a business stepping up, as gas production rises in Tanzania. Whilst the focus has been on the larger Ntorya discovery, which has been successfully appraised, the group’s current production asset Kiliwani North has seen improved output.

United Oil & Gas Plc (LON:UOG) shares could more than double in value if an upcoming English exploration well is successful, that’s according to Optiva Securities analyst Barney Gray. The company has a 10% stake in the Colter exploration well which is due to be drilled in the second quarter of this year, and, Gray reckons a discovery could be worth US$40mln or 8.8p per share to United.

US Oil & Gas PLC (USOIL), in its financial results statement, told investors that improved oil prices may bode well for exploration projects in pioneer regions - like its Hot Creek Valley venture in Nevada.

Green energy ETF group Incubex has added Danish energy giant Orsted to its shareholder roster. Formerly known as Dong Energy, Orsted took up a third of a US$5mln fund round by Incubex, which is 29.08%-owned by AIM-listed renewable fuels group Aggregated Micro Power Holdings plc (LON:AMPH).

Kore Potash PLC (LON:KP2) (ASX: KP2) said it has received confirmation from Pablo Altimiras, a non-executive director of the company and board appointee of Sociedad Quimica y Minera (SQM), of his intention to resign from his position for personal reasons with effect from the next AGM.  Kore added that it is SQM's intention to appoint a replacement non-executive director in due course and SQM has confirmed that it remains fully supportive of the company and looks forward to working with it to achieve its objective of becoming one of the world's lowest cost potash producers.

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