Tekcapital PLC (LON:TEK) has reported a record level of net assets in its latest full year results and is eyeing the cannabis sector for its next potential investment.
Summit Therapeutics PLC (LON:SUMM) (NASDAQ:SMMT) shares shot higher on Monday after the group said published preclinical data showed the SMT-571 new mechanism antibiotic it is developing was found to be potent against diverse, global gonorrhoeae strains.
A change in direction looks on the cards at stem calls group Widecells PLC (LON:WIDE) with the appointment of David Sefton as executive chairman. Sefton currently is executive chairman at oil explorer Anglo African Oil & Gas PLC (LON:AAOG).
United Oil & Gas PLC (LON:UOG) has told investors that the Colter appraisal well, off England’s South Coast, has unearthed a ‘bonus’ discovery though a side-track will now need to be drilled to reach the well’s primary target. The well was drilled down to a total depth of 1,870 metres. The company reported that the well unexpectedly remained on the southern side of the Colter Prospect bounding fault, meaning the primary target was not encountered.
Using ANGLE PLC’s (LON:AGL, OTCQX:ANPCY) liquid biopsy has been revealed to result in a 30-fold increase in tumour cells harvested for analysis in cancer patients. Parsortix was deployed by a Düsseldorf team called Disseminated Cancer Cell Network.
Synairgen plc’s (LON:SNG) prelims revealed the company made significant progress in the year just gone. It completed the first part of its SG015 study, assessing the safety of its inhaled interferon beta drug, SNG001.
Tekcapital PLC (LON:TEK) has reported a record level of net assets in its latest full year results and is eyeing the cannabis sector for its next potential investment.
A change in direction looks on the cards at stem calls group Widecells PLC (LON:WIDE) with the appointment of David Sefton as executive chairman. Sefton currently is executive chairman at oil explorer Anglo African Oil & Gas PLC (LON:AAOG).
Oil and gas rig supplier ADES International Holding PLC (LON:ADES) has renewed contracts for six onshore operating rigs in Saudi Arabia that it acquired in December. All six rigs are contracted for a minimum three years, starting in February, and they will add up to US$228mln to the contract pipeline.
I3 Energy PLC (LON:I3E) has agreed terms over a £24mln junior loan package to fund a three well campaign on its Liberator field in the North Sea. One of the conditions is that I3 provides £16mln through either a joint venture partner farm-in or a share issue.
Anglo Asian Mining PLC (LON:AAZ) has published its mineral resources and ore reserve estimate for its Gadir underground mine in Azerbaijan and issued dividend guidance for 2019.
Tlou Energy Ltd (LON:TLOU) told investors that it has now begun production testing operations at the Lesedi coal bed methane project in Botswana. The company, in a statement, said that the Lesedi 3 development pod has been completed with surface production equipment now installed and operational.
Highlands Natural Resources PLC (LON:HNR) told investors that initial production rates from the East Denver project have measured 4,600 barrels oil equivalent per day, and they are expected to rise further. The production pad – to which the Buckskin, Citadel, Grizzly, Hagar, Ouray, Thunder, Wildhorse and Powell wells are attached – is flowing oil at a combined rate of around 4,053 Bopd while combined gas rates were 3.28mln cubic feet per day.
Base Resources Ltd. (LON:BSE) offset lower grades at its Kwale mineral sands operation in Kenya with a 66% boost to output during the six months to December 2018, which meant that production was broadly flat when compared to the corresponding period a year ago.
Erris Resources PLC (LON:ERIS) is continuing with exploration on its Abbeytown zinc project in Ireland. Drilling has now succeeded in connecting the underground mineralisation with that at surface and also out to the south.
Goldplat plc (LON:GDP) turned in an operating loss for the six months to December 2018 of £653,000 against an operating profit of £1.6mln for the corresponding period a year earlier.
Kavango Resources PLC (LON:KAV) said it has raised £500,000 in a share placing to fund an acceleration of its Kalahari Suture Zone (KSZ) project in southwest Botswana.
Vast Resources PLC (LON:VAST) has sent out a letter to shareholders following what it calls the “non-receipt” of US$5.5mln in financing that it had been expecting from erstwhile backer Mercuria B. The letter outlines details of a general meeting to be held on 11 March, at which Vast will request its shareholders to grant it the authority to issue new equity and to disapply pre-emption rights.
Adamas Finance Asia Limited (LON:ADAM) has unveiled plans to buy-back up to US$500,000 of its own shares and also announced it has reached an agreement for the off-market purchase of 730,529 of its ordinary shares for a price of US$0.10 each, an aggregate purchase price of US$73,053.
88 Energy Ltd (LON:88E) chairman Michael Evans has told investors he and the company look to the future with considerable optimism, as presently a drill rig is on location for the potentially high impact Winx-1 exploration well on Alaska’s North Slope.
Midatech Pharma PLC (LON:MTPH) (NASDAQ:MTP) said the open offer launched on 4 February together with a placing and share subscription, was oversubscribed with the firm raising £13.4mln in aggregate, before expenses, from the offerings. The AIM-listed group said it received valid acceptances in respect of 20,870,414 open offer units, representing approximately 107% of the 19,456,554 units offered.