Cadogan Petroleum Plc (LON:CAD) shares rose on Friday following news it has received final approval for a 20-year production licence for the Blazhiv field in Ukraine. The company has already paid the licence fees and has started production. Cadogan drilled a new well, Blazh-10, on the field earlier in the year that flowed at 185 barrels per day (bpd), lifting group production to 400 bpd.
VR Education Holdings PLC (LON:VRE) has extended a commercial agreement for its Apollo 11 virtual reality (VR) experience with the US Space and Rocket Center in Huntsville, Alabama. The tech firm said the agreement with the aerospace museum will now run for another 12 months, over which time the company will continue to take a cut of ticket sales for the experience.
Ncondezi Energy Ltd (LON:NCCL) has said “several areas” have been identified to potentially speed up the development of a proposed 300-megawatt mine Mozambique power station. In a statement, the company said this was one of the major positives to emerge from the inter-ministerial committee for China and Mozambique.
United Oil & Gas PLC (LON:UOG) has warned investors to exercise caution over the potential at the ASH-2 well in Egypt after local media reports sparked a surge in its shares. In a statement, Brian Larkin, United Oil and gas’s chief executive, said while the results so far are encouraging ‘it would be premature to draw any further conclusions on the oil volumes associated with the well, or the sustainable production rates that may be possible from it’.
DP Poland PLC (LON:DPP) has appointed the general manager of its Polish subsidiary, Iwona Olbrys, as its new chief executive with effect from 1 January. The company, which owns the right to operate the Domino’s Pizza brand in Poland, said Olbrys has “significant experience” in the Polish food and beverage sector, having previously served as general director of the Polish arm of competitor Telepizza.
Europa Metals Ltd. (LON:EUZ), the European lead-zinc and silver developer, announced that Turner Pope Investments (TPI) Limited is its sole broker, with immediate effect. European Metals also announced that all the resolutions were passed by a show of hands at its Annual General Meeting on Friday.
Greencoat UK Wind PLC (LON:UKW) has agreed to acquire two Scottish wind farms on their completion for £104mln. Combined, Windy Rig and Twentyshilling, in Dumfries & Galloway, will produce 81 megawatts of power. The former is expected to come online in the second quarter of 2021 while the latter should be up and running by the third quarter of the same year.
Solo Oil PLC (LON:SOLO) has said it is currently seeking to renegotiate certain terms of the reverse takeover agreement with ONE Dyas, announced on 9 October, to reflect operational and other changes since signing the original deal. In a statement, Solo pointed out that while it enjoys an ongoing constructive dialogue with ONE Dyas, “there can be no guarantees that new mutually beneficial terms can be agreed, and as a result, the deal may not proceed.”
Live Company Group PLC (LON:LVCG) has signed an agreement with the Royal Burgers Zoo in the Netherlands for its BRICKLIVE Brickosaurs exhibition. The exhibition, the second at the zoo, will run from mid July 2021 to the end of August.
Immotion Group PLC (LON:IMMO) said it expects a “significant” boost in new installation activity in 2020 that is set to deliver monthly underlying earnings (EBITDA) at break-even in the first quarter. In a trading update, the firm said its full-year underlying EBITDA loss is estimated to be in line with expectations, with revenue to come in at between £3.6mln and £3.8mln.
Regency Mines PLC (LON:RGM) has reported a full-year loss of £2.7mln after its legacy interests in coal and electric car rentals were written-off in the period. Impairments of £1.5mln in the year to June largely comprised its investment in Mining Equity Trust (2018: £1.55mln loss).
Benchmark Holdings PLC (LON:BMK), the aquaculture solutions provider, said it saw an improvement in adjusted underlying earnings from continuing operations during the final quarter of its fiscal year. In a fourth-quarter results statement that reiterated most of the financial information in its trading update of three weeks ago, the company said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) from continuing operations in the three months to the end of September rose to £7.5mln from £7.0mln the year before.
US Oil & Gas PLC has raised US$61,111 through the placing of 152,842 new shares with private investors. The oiler placed the shares at a price of 32p each, the proceeds of which will be used for working capital to fund its drilling operations.
Iofina PLC (LON:IOF), the iodine producer, said construction of its latest production plant, IO#8, remains on track. Work on the Oklahoma plant began in late September of this year and continues to make progress as expected within Iofina Resources’ timeline and budget.
Shanta Gold Limited (LON:SHG), the East Africa-focused gold producer, developer and explorer, announced that its New Luika Gold Mine (NLGM) in South West Tanzania has successfully connected to the state power grid supplied by TANESCO. In a statement, the group said the initial connection represents approximately 10% of NLGM’s power needs and this is anticipated to increase over the next 12-24 months.
Horizonte Minerals PLC (LON:HZM) (TSX:HZM) has announced an update on its Corporate Social Responsibility (CSR) program in the communities surrounding its Araguaia Nickel Project, south of the Carajás Mining District in the Pará State, north-east Brazil. The nickel development company focused in Brazil, which has supported local communities since its initial discovery of the project, said it is running several new social impact projects, tackling issues specific to the region, in partnership with local community organisations.
Hurricane Energy PLC (LON:HURR) has announced the appointment of Beverley Smith as a non-executive director of the company with immediate effect. The group noted that Smith is a chartered geologist and during a successful international career with BG Group, she delivered a portfolio of strategic, commercial, project and people leadership achievements, most recently as Vice President Exploration & Growth for Europe. It added that, following her appointment, half of Hurricane’s board of directors (excluding the chairman) are independent non-executive directors, in compliance with the Financial Reporting Council’s UK Corporate Governance Code 2018.
Clear Leisure PLC (LON:CLP) announced that Eufingest SA has agreed to extend repayment of its loans amounting to €1.300mln and £30,000 to 28 April 2020, or such earlier date as may be agreed with the company. It said that all other terms and conditions of the loans remain unchanged. The company pointed out that it has an additonal €2.475mln loan with Eufingest – a substantial shareholder – which matures on 28 April 2020. The company also said that, having been advised by its Italian law firm that, on 11 December, the amount of €1,940,459.27 was transferred to the Receiver by the auctioner of the Mediapolis land auction, it has requested the transfer of these fund, less costs, to Clear Leisure 2017 Ltd.
Amryt Pharma PLC (LON:AMYT), a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare and orphan diseases, announced that, on 19 December 2019, an institutional investor exercised subscription rights relating to 1,645,105 zero cost warrants. In order to satisfy the exercise of the warrants, the company said it has issued 1,645,105 ordinary shares to the institutional investor.
Oracle Power PLC (LON:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan, announced that, at its General Meeting held on Friday, all resolutions were duly passed.