Hurricane Energy Plc (LON:HUR) boss Dr Robert Trice declared himself delighted with the latest data from the Lincoln Crestal well which has flowed at rates of up to 9,800 barrels of oil per day in testing.
Alba Mineral Resources plc (LON:ALBA) is pleased with the ‘rapid progress’ being made at the Horse Hill oil project. At Horse Hill, now 85.635% owned by UKOG, final site work is complete ahead of the arrival of a drill rig for the project’s first horizontal well. First a vertical pilot hole will be drilled, taking around 30 days, followed by the drilling of a horizontal section.
Silence Therapeutics PLC (LON:SLN) said it is well capitalised to carry out its “strategic objectives” as it reported its interim results.
Supermarket Income Reit PLC (LON:SUPR) has announced plans to raise £50mln through a share placing and offer for subscription to help fund the purchase of three assets worth a combined £140mln. It said all three assets are occupied by J Sainsbury PLC (LON:SBRY), providing “strong rental security over the longer term”.
Providence Resources PLC (LON:PVR) has moved to secure its financial future beyond the end of this month with a conditional share placing acting as a stop-gap as it continues to await the receipt of US$9mln as part of its farm-out of the Barryroe field.
appScatter Group plc (LON:APPS) said the integration of recently acquired businesses has taken longer than expected but expects to return to “stronger levels of revenue growth” once that has been completed.
Iconic Labs PLC (LON:ICON) has taken a 24% stake in media investment firm Medium Channel Media Ltd (MCM) in exchange for management and consultancy services and a £150,000 loan for working capital purposes. At the same time, MCM has agreed to buy Tab Media Ltd, which owns UK youth and student news website The Tab.
88 Energy Limited (ASX:88E, LON:88E) said it had raised A$6.75mln to fund ongoing work in Alaska.
World High Life PLC (LON:LIFE) said it is assessing investment opportunities in medicinal cannabis, hemp and CBD after it began trading on London’s NEX exchange on Thursday.