Sound Energy PLC (LON:SOU) has announced that the TE-10 well, in Morocco, has higher exposure to net gas pay than previously estimated and, at the same time, has detailed the well is host to a significant amount of gas resources.
Strategic Minerals PLC (LON:SML)(USOTC:SMCDY) has revealed assay results from diamond drilling at the Paltridge North and Rosmann East prospects on the Leigh Creek copper project in South Australia.
Anglo African Oil & Gas PLC (LON:AAOG) has received US$660,000 from SNPC, the Congolese state petroleum company, for a share of costs of the recent successful well at Tilapia. There is also a proposal to repay the outstanding US$9.5mln owed to Anglo African through a short-term payment plan.
Alba Mineral Resources plc (LON:ALBA) executive chairman George Frangeskides said the company is pleased with the re-start of test production from the Portland reservoir at the Horse Hill project. UKOG, the largest stakeholder in the venture, today highlighted work was ongoing to complete a field development plan, with long-term production slated to start in late 2019.
Speciality polymers company Itaconix Plc (LON:ITX) said underlying earnings (EBTIDA) for 2018 were in line with expectations.
88 Energy Ltd (LON:88E) confirmed that drilling operations kicked off at the Winx-1 well, in Alaska, on Friday. The drilling began on schedule, it added. As of yesterday, the well had been drilled down as far as 880 feet, and, the company noted that next in the plan is to drill down to around 2,500 feet before setting the surface casing.
BATM Advanced Communications Limited (LON:BVC) has been awarded an additional follow-on contract by one of its current customers, a government defence department, carrying a price tag of US$3.3mln.
Xpediator Plc (LON:XPD) says it can support importers and exporters in ‘most forecast scenarios’ for Brexit. The AIM-listed freight forwarder has Authorised Economic Operator status, something it says will be critical post the 29 March deadline.
ADES International Holding PLC (LON:ADES) has secured two onshore drilling contracts in the Kingdom of Saudi Arabia, following a competitive tender process, that will add a total estimated order backlog of around US$150mln.
Providence Resources PLC (LON:PVR) told investors it has licensed some 1,500 square kilometres worth of seismic data, to help it define the Avalon prospect ahead of a drilling decision. The data was acquired in 2017 in a multi-client capture campaign across Ireland’s Atlantic frontier.
Motif Bio Plc (LON:MTFB, NASDAQ:MTFB) said it will manage its cash aggressively after announcing plans to immediately repay a US$7mln tranche of a loan it has taken out. It also signalled it will have to quickly raise funds after being left with US$3mln in cash following the payment to Hercules Capital. It still owes US$7.7mln to Hercules.
Investment in the development of its oil and gas wellhead sealing technology will mean Plexus Holdings PLC (LON:POS) missing earnings expectations this year. Revenues are on track with enquiries for its POS-Grip technology rising, but costs of promoting the technology and the heavier investment have affected margins.
SkinBioTherapeutics PLC (LON:SBTX) said it has raised £1.5mln selling shares to an existing investor. Seneca Partners’ holding in the company increases to 20.9% from 14.6% after it bought stock at 16 pence – a 16% discount to Friday’s close.
African Battery Metals Ltd (LON:ABM) shares resumed trading on AIM on Monday after shareholders last Friday approved a refinancing placing and share subscription by the group. In early trading on Monday, African Battery shares were trading at 0.65p, above the 0.5p placing price, but around half the 1.35p level they were when trading was suspended.
Tissue Regenix Group (LON:TRX), the regenerative medical devices company, has announced the appointment of Stifel Nicolaus Europe as its nominated adviser and broker with immediate effect.
Anglo Pacific Group PLC (LON:APF) (TSX: APY), the London and Toronto listed royalty company, has announced the appointment of Berenberg as the company's joint corporate broker with immediate effect. The group said Berenberg will work alongside its other joint corporate brokers, BMO Capital Markets and Peel Hunt.
Collagen Solutions PLC (LON:COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, has announced that Jamal Rushdy will be presenting at an investor evening hosted by Hardman & Co on Tuesday, 26 February at DAC Beachcroft, 100 Fetter Lane, London EC4A 1BN.