Block Energy PLC (LON:BLOE) has told investors that its new well sidetrack at the West Rustavi project is now ranked among the best wells to be drilled in Georgia. In testing, the well yielded oil at a rate of 1,100 barrels per day which is significantly ahead of prior expectations. The well had previously targeted a rate of 325 bopd
Iofina plc (LON:IOF), specialists in the exploration and production of iodine and halogen-based specialty chemical derivatives, said it has now finalised the debt restructure documentation with the terms detailed in its announcement on 12 February 2019. Iofina’s president and CEO, Dr. Tom Becker commented: ''This debt extension enables us to continue with our growth strategy, as we seek to take full advantage of the positive conditions in the global iodine market, and build our position as one of the industry's best operators."
The US Food and Drug Administration (FDA) has confirmed its approval of Circassia Pharmaceuticals PLC’s (LON:CIR) Duaklir inhaler.
Directa Plus PLC (LON:DCTA) and its Italian partner, Iterchimica, have announced a successful first trial of their upgraded road surface material.
Instem PLC (LON:INS.L) chief executive Phil Reason said the software group will continue to focus on organic growth after a solid year, though will also consider “complementary acquisition targets”. His comments were made alongside the publication of full-year results, which showed turnover grew 8% to £22.7mln; around a quarter of that number came in the form of higher-margin, recurring software-as-a-service (SaaS) revenues.
Tekcapital PLC’s (LON:TEK) portfolio firm Guident has launched its commercial website.
W Resources PLC (LON:WRES) has hit high-grade intersections from recent diamond core and reverse circulation drilling at the Régua mine development in Northern Portugal.
Highlands Natural Resources PLC (LON:HNR) said its newly established cannabidiol (CBD) subsidiary, Zoetic Organics, has landed its first retail distribution and sale agreement. Zoetic Organics has signed an initial two-year distribution and sale deal with Schrader Oil and Ox Distributing, which manages convenience stores and petrol stations across the US.
Mineral and Financial Investments LTD (LON:MAFL) has set out plans for this year’s exploration programme on the Lagoa Salgada zinc and base metals project in Portugal. The work will be undertaken as part of the earn-in commitments of Mineral and Financial’s joint venture partner, Ascendant Resources (TSE:ASND).
ImmuPharma PLC (LON:IMM) said a period of exclusivity has run out between it and Incanthera Limited, which allows the ImmuPharma to discuss collaborations with other potential partners for its Nucant cancer programme.
Bacanora Lithium PLC (LON:BCN) remains in talks with the State General Reserve Fund of Oman (SGRF) over a US$65mln strategic investment and offtake for the Sonora lithium project in Mexico. The original agreement with SGRF expired on 16 July 2018.
Frontier IP Group Plc’s (LON:FIPP) portfolio firm Fieldwork Robotics has won over £500,000 in funding from Innovate UK to accelerate the development of its raspberry-picking robot.
Metals alloys specialist Afarak Group PLC ( LON:AFRK) told shareholders it has regrouped after a difficult year in 2018. Guy Konsbruck, chief executive, wrote: “The unforeseen challenges in the South African assets were exacerbated by the lower average ferrochrome benchmark prices.
Amphion Innovations PLC (LON:AMP) has put its stake in Polarean Imaging Plc up as additional security for a loan.
Tlou Energy Limited (LON:TLOU) has picked up a new prospecting licence in Botswana in the same trend as its existing Lesedi coal bed methane project. The Boomslang licence covers 1,000sq km and takes the company’s total acreage in the area to 9,300 sq km and runs for an initial term of 3 years.
Cabot Energy PLC (LON:CAB), ahead of financial results later this month, flagged a positive operating performance whilst cautioning that it still needs to land a new financing deal to secure its future and cover planned work programmes. Gross production rose by 71% to 703 barrels of oil per day during 2018, the company noted.
Mosman Oil And Gas Ltd. (LON:MSMN) told investors that it has completed the drilling of the Stanley-2 well, in Texas. The well was drilled down to a depth of 5,000 feet, and, it encountered the targeted Eocene aged sands including the Yegua sands.
Exploration work undertaken by Scotgold Resources Ltd. (LON:SGZ) has identified possible extensions to the orebody at the Cononish mine in Scotland.
Richland Resources Ltd. (LON:RLD) is in advanced discussions regarding the sale of its Capricorn sapphire mine in Australia.
Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has acquired and leased its fourth new Airbus A220-300 aircraft to airBaltic, the Latvian hybrid carrier. The group said the 12-year lease for the aircraft MSN 55051 commenced on 29 March 2019. Avation's Executive Chairman, Jeff Chatfield, said: "This takes our overall fleet to 43 with a further 13 aircraft on order."
Stobart Group PLC (LON:STOB) has named a new financial boss with significant airlines experience as its chief financial officer with effect from 1 April 2019. Lewis Girdwood has served as chief financial officer since 2017 of IAG Cargo, which provides global cargo services to British Airways, Iberia, Aer Lingus and other IAG owned airlines.
Shield Therapeutics PLC (LON:STX), a commercial stage pharmaceutical company with a focus on addressing iron deficiency with or without anaemia via its lead product Feraccru, has announced the appointment of Peel Hunt as its nominated adviser with immediate effect. The group said Peel Hunt will also continue to act as its broker.
Kromek PLC (LON:KMK), a worldwide supplier of detection technology focusing on the medical, security and nuclear markets, announced that, following conclusion of a fixed-term contract, Cantor Fitzgerald Europe have completed their tenure as the company's joint broker. It said Cenkos Securities will continue to act as the company's nominated adviser and sole broker.
Regency Mines PLC (LON:RGM), the natural resource exploration and development company with interests in hydrocarbons, energy storage and battery metals, announced that at its general meeting held today, all resolutions were passed and, accordingly, the company is authorised to dis-apply pre-emption rights as required. The group said this additional flexibility will enable it to meet its current and future funding obligations across its projects and investments.
The Marketing Group PLC, which trades as RYVL, will see its shares delisted from Nasdaq First North and said it intends to apply for a future listing at another suitable venue before the end of 2019. The company intends to investigate alternate arrangements to accommodate trading in the company’s shares, for example on an OTC trading platform.
Ariana Resources PLC (LON:AAU), the exploration and development company with gold mining operations in Turkey, has announced the launch of its new corporate website.