Mosman Oil And Gas Limited (LON:MSMN) hailed the successful completion of the Stanley Development well in Texas, which hit multiple pay zones. Stanley-1’s primary reservoir was host to gross pay (an oil bearing section) 19 metres thick with a porosity of around 18%. Porosity defines the capacity of the reservoir rock to hold oil.
Haydale Graphene Industries PLC (LON:HAYD) has supplied graphene-enhanced prepreg material for the world’s first graphene skinned aircraft. The AIM-listed nanomaterials developer said the material had been applied to Juno, a three-metre wide graphene-enhanced composite skinned aircraft, that was revealed as part of the Futures Day at the Farnborough Air Show 2018.
Arc Minerals Limited (LON:ARCM) has noted visible signs of copper and cobalt from early stage drilling at Kabala in Zambia. Kalaba is part of the company’s Zamsort project. Arc is drilling to produce both ore for a pilot plant and a maiden resource estimate for the deposit.
Portfolio analytics platform provider StatPro Group PLC (LON:SOG) is trading in line with expectations in 2018 after a first half of solid revenue growth.
Anglesey Mining plc (LON:AYM) is looking to beef up the projected mine life of its Parys Mountain project in Wales. A scoping study last year by consultant Micon indicated Parys Mountain could be mined at the rate of 1,000 tonnes per day.
Cradle Arc (LON:CRA) has thrashed out a deal to redeem £1.28mln of its convertible loan notes at a cost of £1.59mln. Holders of the notes have waived their conversion rights.
Tekcapital PLC (LON:TEK) said its portfolio company, Salarius Ltd, has appointed Victor H. Manzanilla as its chief executive (CEO).
Thor Mining PLC (LON:THR) has said its activities are “fully funded well into 2019” as it provided a report on its activities for the latest quarter. Mick Billing, executive chairman of the AIM-listed miner, said the firm had seen “progress on all fronts” with a “robust” cash position going into the next quarter, adding that the company had “sufficient funds to carry out all planned activities well into 2019”.
Savannah Resources Plc (LON:SAV), the AIM quoted resource development company, announced that further to the recent placing, the company's major shareholder, Al Marjan Ltd has now subscribed for 11,111,111 new ordinary shares at a price of 9p each raising cash proceeds of £1mln. It added that, following the subscription, Al Marjan’s holding in the company will be 24.18% of the issued share capital.
Eurasia Mining plc (LON:EUA) has announced it has received a conversion notice from Sanderson Capital Partners (SCP), regarding the outstanding amount of £250,000 which was due for repayment in September of this year. It said SCP has chosen to convert all of the principal amount into Eurasia Mining ordinary shares at an agreed fixed price of 0.475p each, Accordingly the company has today issued SCP with 52,631,579 new ordinary shares. The group added that SCP has voluntarily agreed an orderly disposal agreement and intends to remain a supportive shareholder in Eurasia.
Speciality polymers company Itaconix Plc (LON:ITX) raised an extra £120,000 through the open offer that was announced at the same time as its placing. It received applications for 5.93mln open offer shares, all of which were satisfied in full.
European Wealth Group Limited (LON:EWG) announced that Marianne Ismail, its chief executive officer, has purchased a total of 50,000 ordinary shares in the company. The group said, following this purchase, Ismail is interested in 1,050,000 ordinary shares representing approximately 0.71% of the company’s issued share capital.
United Oil & Gas Plc (LON:UOG), the London main market-listed oil and gas exploration and development company, announced that a new corporate presentation, delivered at its investor evening on 25 July, is now available to view on the company's website.