Sound Energy PLC (LON:SOU) has given investors additional technical insights with the release of information from pressure build-up analysis in the TE-7 well, onshore Morocco. The trend observed in the well pressure data over time indicates that higher than previously estimated volumes of gas will be accessible from the well.
After a tough start to 2018, digital services company Be Heard Group PLC (LON:BHRD) has now enjoyed nine consecutive months of profitability.
Kavango Resources PLC (LON:KAV) has intersected over 200 metres of intense alteration with significant anomalous base metal values at its Ditau prospect, in the first hole of an ongoing diamond drilling programme.
Thor Mining PLC (LON:THR) (ASX:THR) has announced that drilling at the Bonya tungsten deposits adjacent Molyhil, in the Northern Territory of Australia, is to commence following advice from the Aboriginal Areas Protection Authority (AAPA) providing clearance for the planned drilling program. The Bonya project is held in a 40%/60% joint venture with Arafura Resources Limited.
Kibo Energy PLC (LON:KIBO) has sent a letter to shareholders in which chief executive, Louis Coetzee, detailed the progress the company has made.
Excluding exceptional items, trading and risk management software provider Brady Plc (LON:BRY) moved back into profit in 2018. The fintech firm, which underwent a restructuring and management overhaul last year, posted adjusted underlying earnings (EBITDA) of £2.6mln, compared to a loss in 2017 of £307,000.
Oil rig contractor Ades International Holding PLC (LON:ADES) posted revenues 30% higher in 2018 as new rigs contributed for the first time and utilisation rates rose. Underlying profits rose by 26% to US$101mln, helped by a rise in the number of rigs under operation to 28 from 12 in 2017.
Motif Bio PLC (LON:MTFB) (NASDAQ:MTFB) has confirmed that it needs to raise additional capital in the near term and said it is in the advanced stages of concluding a proposed placing of new ordinary shares to institutional and other investors.
NetScientific PLC (LON:NSCI) has sold its stakes in portfolio companies Vortex Biosciences Inc and Wanda Inc to investment firm EMV Capital Ltd for £150,000.
Tekcapital PLC’s (LON:TEK) portfolio company Lucyd has filed 13 design patents for a new line of its Lucyd Loud Bluetooth-enabled speaker glasses.
Asiamet Resources Limited (LON:ARS) has announced an updated mineral resource estimate for its 80%-owned Beutong Copper-Gold Project located in Nagan Raya Regency, Aceh, Indonesia. Big Pic last week.
Exploration results at the Brits vanadium project, which lies adjacent to the Vametco mine currently being operated by Bushveld Minerals Limited (LON:BMN), have indicated that an eastward expansion of mineralisation is likely. A maiden resource is expected in the second quarter of this year.
Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has delivered a new ATR 72-600 aircraft to the South Asian airline US-Bangla Airlines, the operating lease of which is at market rates. Avation's Executive Chairman, Jeff Chatfield said: "We are pleased to increase our diverse customer base by adding another new airline and jurisdiction, and we are equally pleased to be delivering from our order book another new ATR 72-600 into service, the world's most popular regional turboprop aircraft."
Danakali Ltd (ASX:DNK) (LON:DNK) has appointed highly experienced potash industry executive Niels Wage as chief executive officer following a thorough global search.
Caledonia Mining Corporation PLC (LON:CMCL) (TSX:CAL) announced that following the maturing of a long term incentive plan award on March 23, 2019 a total of 53,087 securities were issued to its chief financial officer, Mark Learmonth, and a new long term incentive plan award was made to him. As a result, the group said, Learmonth now holds 149,775 depositary interests which represents an interest in approximately 1.39% of the share capital of the company.
Regency Mines PLC (LON:RGM) said it has received notice from YA II PN Ltd and Riverfort Global Capital Ltd. of the partial conversion of $117,138.36 (£88,287.18) of its outstanding $1,115,000 (£840,375.50) loan note originally announced on 6 June 2018 and then refinanced on 14 January 2019. It has, in consequence, issued 121,107,242 new ordinary shares in the company at a price of 0.0729p each to YA II PN and Riverfort Global Capital who have agreed in principle to a hold period on the converted shares.
Golden Saint Tech Limited (LON:GST), an integrated information and communication technology infrastructure solutions provider, announced that one of its non-executive directors, Malcolm Groat, has been appointed as a non-executive director of InfraStrata PLC (LON:INFA).
Touchstone Exploration Inc. (LPN:TXP) (TSX:TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, said it will be holding a live online investor presentation and Q&A session for investors on Wednesday 27 March 2019 at 7pm. The group said the webcast will be recorded and made available on ValueTheMarkets.com after the event.
Salt Lake Potash Limited (LON:SO4) (ASX:SO4) said a new corporate presentation is now available to view on the https://www.saltlakepotash.com.au/company-presentations/company's website.
Ariana Resources PLC (LON:AAU), the exploration and development company with gold mining operations in Turkey, said it will be participating in the UK Investor Show. The event will take place on Saturday 30 March 2019 at the Queen Elizabeth II Conference Centre Westminster, London, SW1P 3EE.