Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) shares soared some 35% in Monday’s deal boosted by better than expected well testing at the Talitha vertical well, in Alaska.
The test was designed to determine whether the oil in Talitha’s Basin Floor Fan (BFF) discovery was ‘moveable’, assessing potential production volumes in this particular well and location was less important – nevertheless, the results impressed.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it commenced an Electrical Resistivity Tomography (ERT) survey at its 100%-owned Rukwa project.
The ERT will investigate specific priority areas identified from Phase I and Phase II 2D seismic as well as surface helium anomalies identified in a recently completed multispectral satellite spectroscopy (MSS) study, the primary helium explorer said in a statement.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) said it last week closed a US$365mln sustainability-linked asset backed securitisation (ABS) involving some of its Appalachian assets, which had previously been pledged as collateral under the company's Revolving Credit Facility (RBL) led by KeyBank National Association.
The ABS proceeds will be used to reduce outstanding RBL borrowings and create additional liquidity, allowing the company to pursue acquisitions without having to issue new equity, Diversified Energy said in a statement.
Tower Resources PLC (AIM:TRP) told investors it is delighted by the news that Shell has mad a significant oil discovery in Namibia, which adds confidence across the region.
Shell and its partners Qatar Energy and Namor (the National Petroleum Corporation of Namibia) struck oil in the Graff-1 exploration well, in both primary and secondary targets.
Zephyr Energy Plc has provided an update on its oil and gas production assets in the United States which by the end of the fourth quarter averaged 654 barrels oil equivalent per day (boepd).
The company said it had some 43,185 barrels oil equivalent of net sales in the quarter, comprising 35,895 barrels of oil priced at US$72.34 per barrel, 19,081 million cubic feet (mcf) of gas at an average price of US$5.35 per mcf, and 5,132 barrels of natural gas liquids at US$56.56 per barrel.
Mila Resources PLC (LSE:MILA) has mobilised its project team on site, and is preparing to recommence drilling at its Kathleen Valley gold project in Western Australia.
Kathleen Valley is located in a region that hosts some of the largest gold projects in Australia, including the adjacent, high-grade Bellevue gold project and the Wiluna mine 60km to the north.
Dosing will begin later this month with ImmuPharma PLC (AIM:IMM, OTC:IMMPF)’s Lupuzor treatment to assess how a new formulation of the lupus treatment interacts with the body.
After approval from the UK’s Medical and Health Products Regulatory Agency, the pharmacokinetic (PK) study in 24 healthy male volunteers will get underway on February 15.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) has received expectation-beating flow test results for the Talitha A vertical test well in Alaska.
The well test was primarily designed to determine whether the oil in Talitha’s Basin Floor Fan (BFF) discovery was ‘moveable’ and oil flowed in separate tests on three separate reservoir intervals.
Ondine Biomedical Inc (AIM:OBI) said it has treated the first patient taking part in a US Food & Drug Administration (FDA) phase II clinical evaluating the use of its nasal photodisinfection technology to prevent surgical site infections (SSIs).
The open-label study of up to 500 people will assess how well the treatment eradicates the main pathogen, staphylococcus aureus.
Norman Broadbent PLC, the professional services firm, announced that Devyani Vaishampayan will be joining the board as a non-executive director and will also be appointed as chair of the audit committee with immediate effect. Vaishampayan is currently the chief executive of HR TECH partnership, and prior to that held international and multi-sector HR roles across several different industries, including British Standards Institution, AET Tankers, Citibank, G4S, AT&T, Rolls-Royce and BG Group.
Bens Creek Group PLC announced that it has received notice for the exercise of warrants to subscribe for 85,435 new ordinary shares, at an exercise price of 10p apiece. The warrants were issued to Novum Securities as part of their broking fees for the placing announced on 15 October 2021. The exercise of these warrants will generate proceeds of £8,543.50 for the company.
Alien Metals Ltd said that chief executive Bill Brodie Good will be participating in the Proactive One2One Investor Forum on Thursday, 17 February, alongside Greatland Gold, Sovereign Metals Limited, and AuAg ESG Gold Mining UCITS ETF. The event will take place between 6-8pm UK time. To attend the online event, investors can register at webinarjam.
Creo Medical Group PLC told investors it will be presenting at the virtual Growth and Innovation Forum 2022 on Tuesday 8 February, to be hosted by Cenkos in partnership with Proactive, and sponsored by PrimaryBid.