Proactive snapshot: Solo Oil, Capital Drilling, OptiBiotix Health

A look at some of the top stories from the Proactive newswire on Wednesday

Solo Oil PLC -

Solo Oil PLC (LON:SOLO) has unveiled a series of major changes including a €32.1mln asset acquisition, constituting a reverse takeover, new management and a rebrand.

Capital Drilling PLC (LON:CAPD) has won a five-year contract with Allied Gold to provide a full range of mining services at the Bonikro Gold Mine in The Ivory Coast, the first time it has taken full control of operations at a mine.

Falcon Oil & Gas Ltd’s (LON:FOG) exciting Australian shale gas project is now back actively underway, with the start of new drilling in the Beetaloo basin.

Rainbow Rare Earths Ltd (LON:RBW) is targeting production of 10,000 tonnes per annum of rare earth concentrate at its Gakara mine in Burundi.

Erris Resources PLC (LON:ERIS) has received four new exploration permits for gold prospects in Norway, and has completed soil sampling, a magnetic drone survey and fieldwork at the Sakiatieva Project in northern Finland.

Faron Pharmaceuticals Oy's (LON:FARN) Clevegen cancer treatment has shown its safety credentials in its initial clinical trials.

Tharisa PLC (LON:THS) upped production in its latest quarter as benefits from a restructuring of its platinum and chrome mine in South Africa started to come through.

Ncondezi Energy Ltd (LON:NCCL) has announced the promotion of Hanno Pengilly from chief development officer to chief executive as the company looks to progress its key project in Mozambique.

Alba Mineral Resources plc’s (LON:ALBA) Horse Hill stablemate UK Oil & Gas PLC (LON:UKOG) has this morning reported that “simultaneous drilling and test production operations” have been successfully implemented at the English oil project.

OptiBiotix Health PLC’s (LON:OPTI) LPLDL probiotic has been granted ‘generally recognised as safe’ (GRAS) status by the US Food and Drug Administration (FDA).

Metal Tiger Plc (LON:MTR) confirmed it is to receive 6.3mln new shares in Sandfire Resources (ASX:SFR) after the approval of the takeover of MOD Resources and ratification by the Supreme Court of Western Australia.

Salt Lake Potash Ltd (ASX:SO4) is in a trading halt pending news regarding completion of a bankable feasibility study for the Lake Way Sulphate of Potash Project in WA’s northern Goldfields region.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Solo Oil PLC named herein, including the promotion by the Company of Solo Oil PLC in any Content on the Site, the Company receives from said...



Xpediator PLC's CFO Robert Ross and COO of Logistics Romania to step up as...

Xpediator PLC's (LON:XPD) CFO Robert Ross speaks to Proactive's Andrew Scott following the news chief executive Stephen Blyth will step down from the position. Blyth will continue as a director in the position of founder and non-executive deputy chairman. While the search for a permanent...

1 day, 13 hours ago

2 min read