Tlou Energy Limited (LON:TLOU) told investors it has received confirmation that the technical stage of the Request for Proposal (RFP) for Development of CBM fuelled power plants in Botswana has been passed. It means that the Botswana Public Procurement and Asset Disposal Board (PPADB) has now approved a request to open the financial proposal in relation to Tlou’s gas to power tender, as well as the rival proposal from Sekaname.
Cloud-based provider of portfolio analytics provider StatPro Group PLC (LON:SOG) saw strong growth in annualised recurring revenue for its flagship Revolution product in 2019.
Multi-brand franchisor, Franchise Brands PLC (LON:FRAN), is looking forward to the year with confidence after making a strong start to the year.
Erris Resources PLC (LON:ERIS) has announced positive results from preliminary metallurgical test work at the Abbeytown mine project in County Sligo, Ireland, showing straightforward standard flotation process can be utilised for the recovery of concentrates. The company said that the results demonstrated excellent recoveries including 96.2% lead and 95.8% zinc.
Oriole Resources PLC (LON:ORR) said it is “encouraged” by a recent increase in the price of gold and several sector developments as it concluded a transformative 12 months that saw its operating losses cut by more than 60%.
Premier African Minerals Ltd (LON:PREM) shares rose on Wednesday after it said the Zimbabwean government has proposed a US$6mln investment in the RHA tungsten mine. The Zimbabwean Minister of Industry, Commerce and Enterprise Development sent a letter to the mining group on Tuesday about the funds it was willing to invest to resuscitate the mine.
Oilfield services group Plexus Holdings PLC (LON:POS) is to pay out a £1mln interim dividend following the sale of its jack-up rig wellhead rental business. The balance sheet is also being restructured so that it can make additional payments in future.
ECSC Group PLC (LON:ECSC) increased annual revenues by 35% as rising demand for cybersecurity meant a big jump in the number of consultancy customers. Turnover in 2018 at the cyber security specialist rose to £5.4mln from £4mln with underlying losses reduced to £0.6mln from £2.9mln.
Stobart Group Limited (LON:STOB) is to ramp up investment at its London Southend Airport as it looks to make good on its ambitious long-term target of flying ten million passengers a year.
88 Energy Ltd (LON:88E) has revealed final results from the Winx-1 well, which will disappoint investors as multiple zones that were seen to have oil potential have not warranted further testing. The explorer, in a statement, said that it had successfully completed a programme of wireline logging and it had started a full petrophysical analysis and review. Big Pic in September.
Cantor Fitzgerald kept its ‘buy’ rating on 88 Energy Limited (LON:88E) despite chopping back its target price to 2.7p from 4.4p in the wake of a disappointing final report on the Winx-1 well in Alaska.
Columbus Energy Resources PLC (LON:CERP) told investors that it is expecting the second quarter start to gas injections for the pilot project with Predator Oil & Gas and Heritage Petroleum at the Inniss-Trinity IPSC area. The pilot project aims to inject carbon dioxide into wells as part of an enhanced oil recovery project.
Coinsilium Group Limited (LON:COIN) has established a new entity in Gibraltar as part of its efforts to relocate to the territory.
Mosman Oil And Gas Ltd (LON:MSMN) has told investors that the Stanley-1 well recompletion programme is now underway. The work is expected to take three to four days, the company said.
Block Energy Plc (LON:BLOE) has confirmed the issue of 9.55mln new shares to partner Georgian Oil and Gas Limited as part of the recently announced transaction that sees the AIM-quoted firm acquire 71% of the West Rustavi – giving it 100% of the project.
IXICO PLC (LON:IXI) announced that it received notification on 12 March 2019 that its chief executive officer, Giulio Cerroni, acquired 53,300 ordinary shares at a price of 28p each. Following this purchase, the group added, Cerroni is interested in 84,850 ordinary shares, representing 0.2% of the current issued share capital of the company.
Providence Resources PLC (LON:PVR) said it was informed by Goldman Sachs Group on 12 March 2019 that, with effect from 5 March 2019, it now holds 42,047,730 ordinary shares in the company, representing 7.03% of its issued share capital.
OptiBiotix Health plc (LON:OPTI), the life sciences business developing compounds to tackle obesity, high cholesterol and diabetes, said it received notification on 12 March 2019 for the exercise of warrants over 708,325 ordinary shares at an exercise price of 8p each providing the company with proceeds of £56,666.
Adamas Finance Asia Limited (LON:ADAM), the London quoted pan-Asian diversified investment vehicle, said it has bought-back 5,000 ordinary shares in the company for an aggregate purchase price of US$2,600 - being a price of US$0.52 each – with the shares to be held in treasury.