Hurricane Energy PLC (LON:HUR) expects it will have brought in some US$165mln of revenue by the end of 2019, thanks to the continuing successes of the Lancaster field early production system (EPS). It comes as the Lancaster EPS is seen performing strongly which, for investors, is in contrast to the disappointing end to the 2019 drill campaign at Hurricane’s 50% owned Greater Warwick Area.
Anglesey Mining PLC (LON:AYM) said in its half-year results statement it remains encouraged by the continued support for iron ore prices. The period under review – the six months to the end of September – saw consultant QME carry out an agreed programme of design, engineering and optimisation studies relating to the future development of the Parys Mountain zinc, copper lead project, located on the island of Anglesey in Wales.
Ferro-Alloy Resources Limited (LON:FAR) has expanded its existing vanadium concentrate processing operations as it continues financing discussions to develop its Balasausqandiq project in Kazakhstan. The company said its production in October had also reached a record of 18.2 tonnes of concentrate and it is expecting a “significant increase in monthly production” from mid-December as the new equipment becomes fully operational.
ImmuPharma PLC (LON:IMM) announced that its shares will be dual-listed on Euronext Growth Brussels with effect from 19 December 2019, following approval by the European exchange, a move which will bring the company “additional visibility among European investors”. The AIM-listed specialist drug discovery and development company said the new listing – under the ticker ALIMM – does not affect the trading of its shares on AIM in London, nor is there any intention for it to raise additional funds from either AIM or Euronext.
NetScientific PLC (LON:NSCI), the transatlantic healthcare IP commercialisation group, announced that Barry Wilson will retire from the board following seven years as non-executive director, to be replaced by John Clarkson with immediate effect. The company noted that Clarkson was previously partner in charge of a consultancy division in Cooper Deloitte, now PricewaterhouseCoopers, providing services to a range of blue-chip companies and was subsequently vice chairman of Laura Ashley Inc. It said he is an active investor in start-ups, high-tech and growing businesses.
Custodian REIT (LON:CREI), the UK property investment company, has announced the appointment of Hazel Adam as a non-executive director with effect from 12 December 2019. The company noted that Mrs Adam was an investment analyst with Scottish Life until 1996 and then joined Standard Life Investments as a fund manager specialising in UK and then Emerging Market equities; in 2005 she joined Goldman Sachs International as an executive director on the new markets equity sales desk before moving to HSBC in 2012, holding a similar equity sales role until 2016.
Amur Minerals Corporation (LON:AMUR), a nickel-copper sulphide mineral exploration development company focused on the far east of Russia, said that all resolutions were duly passed at its annual general meeting held in London on Friday.