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The Markets
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Proactive news snapshot: Diversified Gas & Oil, Seeing Machines, PCF Group …

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

Diversified Gas & Oil PLC (LON:DGOC) revealed it has agreed a new fifteen-year agreement with the authorities in Pennsylvania which defines the company’s asset retirement obligations in the state. The company operates some 23,000 wells in Pennsylvania, which represents around 40% of the group current well portfolio.

Seeing Machines Limited (LON:SEE) is preparing to trial its eye-tracking technology in a helicopter flight simulator as part of a partnership with Toll Helicopters, an arm of Australian logistics group Toll.

Specialist lender PCF Group Plc (LON:PCF) said trading in the first five months of its current fiscal year has been strong and in line with management's expectations.

United Oil & Gas PLC (LON:UOG) confirmed that the sidetrack in the Colter well has been completed, after encountering the appraisal target. The sidetrack encountered oil and gas shows in the targeted zone, though it was found deeper than expected and initial analysis suggests it is smaller than previously estimated.

Real Good Food PLC (LON:RGD) shares rose on Friday afternoon after it reached an out-of-court settlement with one of its former sugar suppliers. The food ingredients company said the settlement amount was “broadly in line” with the £355,000 provision it made in last year’s accounts.

ADES International Holding Ltd (LON:ADES) has clinched its first contract in the Mediterranean through a short-term deepwater drilling deal in Egypt with Emirati firm Dana Gas. The drilling services provider said the contract was to drill one well in the Egyptian Mediterranean basin, expected to take 77 days, but also had an extension option for another three wells.

Kibo Energy PLC (LON:KIBO) has explained the rationale behind its recent deal with Sanderson, which saw it issue shares in exchange for the corporate financier’s minority interest in the Mbeya Coal to Power project (MCPP) in Tanzania. On Tuesday, Kibo issued 126.44mln shares to Sanderson in return for the latter’s 2.5% stake in Mbeya.

Oriole Resources PLC (LON:ORR) told shareholders its stake in the Muratdere copper-gold project in Turkey is now less than 10% as a result of dilution.

The board of Thor Mining PLC (LON:THR, ASX:THR) has released a questions & answers (Q&A) document reflecting some of the questions recently received from shareholders.

RM Secured Direct Lending PLC (LON:RMDL), an investment trust specialising in secured debt instruments, said that, further to its announcement on 28 February 2019, the company has received commitments from investors for a total of £13.5mln before costs and expenses via the placing. Accordingly, it added, an aggregate of 13,500,000 new ordinary shares have been issued and at the placing price of 100p each.

Providence Resources PLC (LON:PVR) said it has been informed by The Capital Group Companies Inc. that, with effect from 6 March 2019, it now holds 29,735,000 ordinary shares in the company representing 4.975% of the issued ordinary share capital.

Shanta Gold Ltd (LON:SHG) revealed that it has been notified that Sustainable Capital Limited’s holding in the company has increased to 12.02% of its issued share capital, up from 9.43% previously.

NQ Minerals PLC (LON:NQMI) (OTCQB:NQMLF), the mineral processing, exploration and mining company, announced that it has appointed Arden Partners as its NEX Exchange corporate adviser and broker with immediate effect.

Avacta Group PLC (LON:AVCT), the developer of Affimer biotherapeutics and reagents, today announced that following the exercise of share options by a founder shareholder in an historic acquisition it has issued and allotted 121,434 new ordinary shares in the company.

Europa Metals Ltd (LON:RUZ), the European lead-zinc explorer, confirmed the cessation of trading in its securities on the official list of the ASX with effect from 4.00pm Australian Eastern Standard Time today. The group added that no change will occur to the quotation and trading of Europa Metals' shares on the London Stock Exchange’s AIM market or the AltX of the Johannesburg Stock Exchange, with the company's primary listing being on AIM and secondary listing being on AltX going forward.

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