88 Energy Ltd (LON:88E, ASX:88E) has updated investors on its conventional oil exploration assets in Alaska, where it has amassed a prospect inventory representing potential resources of 2.4bn barrels of oil. The prospects within the Project Icewine acreage count for the largest portion of the estimates, with some 2.1bn barrels ‘seen’ across seventeen prospects in three play fairways.
Highlands Natural Resources Plc (LON:HNR) shares advanced in Wednesday’s early deals as the company told investors that hydraulic fracturing operations this week at the East Denver project. It said that flow results from the new wells are expected in late December 2018 or early January 2019.
Initial human tests of SkinBioTherapeutics PLC’s (LON:SBTX) SkinBiotix cream have confirmed the product’s safety as well as delivering positive data regarding irritancy and moisturisation potential. These initial results are effectively a precursor to the main element of the study involving 120 volunteers with dry skin. This kicks off later in November and will assess the longer-term moisturisation potential of the technology.
Savannah Resources PLC (LON:SAV) has discovered three new lithium pegmatites in the Pinheiro deposit at its Mina do Barroso project in Portugal. The mining firm said the three new pegmatites covered a “considerable” strike of over 250 metres and depths of over 100m.
Kibo Energy PLC (LON:KIBO) shares rose on Wednesday morning after the Tanzania Electric Supply Company (TANESCO) confirmed that the country’s coal power projects tender process has resumed.
Premier African Minerals PLC (LON:PREM) is to spin off its Zimbabwe assets into a new vehicle that it intends to list in London. Tungsten mine RHA and the Zulu lithium deposit will be part of the new company alongside the assets of mining contractor KME Group, which will be acquired in shares for US$4mln.
Tower Resources PLC (LON:TRP) has inked a new petroleum Agreement ("PA") with the Government of the Republic of Namibia, giving the explorer an 80% interest in prospective offshore acreage. The three exploration areas (blocks 1910A, 1911 and 1912B) cover a total of 23,297 Square kilometres in the Walvis Basin and Dolphin Graben. Tower Resources also announced that, to coincide with the company's participation at the 25thAfrica Oil Week (AOW) Conference held in Cape Town, South Africa, a copy of the presentation given at the AOW Prospect Forum will be available from today on the company's website.
InnovaDerma PLC (LON:IDP) is now at a “strategic inflection point”, its chairman Haris Chaudhry will tell investors who attend the Skinny Tan company’s annual meeting in London’s Square Mile later Wednesday. The end of exclusivity periods for its flagship products will usher in deals with major retailers, he will explain.
Mkango Resources Ltd (LON:MKA) has released the results of a 45 drill hole campaign from its Songwe Hill Rare Earths project in Malawi. The AIM-listed exploration firm said the drilling programme was a key component of the ongoing initial phases of its feasibility study for Songwe.
Sunrise Resources Plc (LON:SRES) is expecting new shares in VR Resources Ltd, in which it already holds an interest, as the company began preparations for drilling at the Junction Copper-Silver-Gold Project area in Nevada, USA. Patrick Cheetham, executive chairman of Sunrise, said that the commencement of drilling would trigger the issue of 50,000 VR shares to Sunrise as per a sale agreement signed in August last year, taking the total shares issued under the agreement so far to 100,000.
MySQUAR Limited (LON:MYSQ) has announced that Piers Pottinger today resigned as both its chairman and a director of the company with immediate effect.
Cabot Energy PLC (LON: CAB), the AIM quoted oil and gas company creating predictable production growth in Canada balanced with high impact exploration in Italy, has announced the appointment of Rachel Maguire as an independent non-executive director with immediate effect. The group noted that Maguire is an entrepreneur who is the founder and CEO of Arko Iris, a business consultancy advising organisations on best practice in stakeholder engagement, corporate governance and corporate responsibility.
SigmaRoc PLC (LON:SRC), the AIM listed 'buy-and-build' construction materials group, announced that Gary Drinkwater has resigned from its board of directors with immediate effect due to personal health reasons.
European Metals Holdings Limited (LON:EMH) (ASX:EMH) has announced the appointment of WH Ireland Limited as joint broker to the company.
Collagen Solutions PLC (LON:COS), the developer and manufacturer of medical grade collagen-based biomaterials for use in research, diagnostics, medical devices, and regenerative medicine, has said it will hold an investor results presentation on Tuesday, 4 December 2018 at The Brand Exchange, 3 Birchin Lane, London EC3V 9BW at 4.30pm for a 4.45pm start. The group said its CEO, Jamal Rushdy and Hilary Spence, its CFO, will summarise the half year results and present the key financial highlights, outlook and future vision and how they plan to deliver on the Company's growth strategy.
Summit Therapeutics PLC (LON:SUMM) (NASDAQ:SMMT), a leader in new mechanism antibiotic innovation, announced that its management will conduct one-on-one meetings at the Jefferies 2018 London Healthcare Conference, taking place 14-15 November 2018 in London.