Touchstone Exploration Inc (LON:TXP, TSE:TXP) has announced a significant gas discovery at the Chinook-1 exploration well in Trinidad. Chinook-1 was drilled down to 10,039 feet and has encountered some 589 feet of net gas pay across three sections in the Herrara sands, and also saw 20 feet separately in the shallower Cruse formation, the group said. The well was a follow up to the successful Cascadura gas discovery well, testing a separate structural formation to the south. It is planned that Chinook-1 will be tested and completed for production during the first quarter of 2021.
Mosman Oil and Gas Limited (LON:MSMN) has told investors that the Falcon-1 well at the Champion project in Texas has now successfully reached target depth and has confirmed the pre-drill geological model. The next step will be to complete wireline logging. The company said it intends to provide more well results once the logs have been evaluated. Nonetheless, it also said that results seen to date have led to an expectation that Falcon-1 will be completed as a production well.
Iconic Labs PLC (LON:ICON), a multidivisional new media and technology business, has announced completion of the acquisition by Greencastle Capital of Maximum Media Limited, which trades as JOE Media in Ireland, occurred late on Friday evening, October 9, 20020. As a result, the company said it has taken over responsibility for all operational and strategic management of JOE Media Ireland with immediate effect. The company already manages JOE Media in the UK. The group noted that Greencastle has agreed that in order to better reflect both the costs of managing the JOE Media group, and the success thus far in managing JOE Media UK, the monthly management fee payable to Iconic Labs will be increased from £50,000 to £100,000 with immediate effect. The company’s entitlement to a 25% share of profits remains in place. The company also said it continues negotiations with EHGOF in respect of the debts still due to EHGOF and continues to work towards a resolution which will result in the company having a conventionally funded balance sheet, and will provide an update in due course.
Kromek Group PLC (LON:KMK) said it has started development of a new system to improve pathological medical imaging techniques used during cancer surgery to distinguish between healthy and non-healthy tissue. The detection technology specialist said the three-year project, which has received a grant from Innovate UK and is being conducted in partnership with medical imaging firm Adaptix and the University of Manchester, is aiming to develop a prototype of a new type of pathology cabinet, based on Kromek’s CZT detectors and Adaptix’s Flat Panel X-Ray Source technology.
Applied Graphene Materials PLC (LON:AGM) has reported “excellent commercial progress” in its full-year results, noting that its development pipeline is continuing to grow despite delays caused by the coronavirus pandemic. In its figures for the year ended July 31, 2020, the AIM-listed firm reported an underlying (EBITDA) loss of £3.08mln, narrowed from a £4.56mln loss in the previous year, while revenues climbed to £0.08mln from £0.05mln. Looking ahead, the company said it remains in “good shape to build on its revenue plan”, with cash in the bank of £3.68mln and an “increasing number of customer products coming to market”.
Angling Direct PLC (LON:ANG) reported a profit surge in its first half as the fishing tackle retailer highlighted “considerable resilience” in its trading performance for the period. For the six months ended July 31, 2020, the company posted a pre-tax profit of £1.4mln, up from £0.4mln in the prior year, while revenues jumped 21% to £32.1mln. The group also said sales across all of its channels from June 15, the date its stores re-opened following lockdown, to the end of the period were up 95%.
Directa Plus PLC (LON:DCTA) said its oil spill clean-up business Setcar has seen significantly improved results this year so far. The graphene specialist said 51%-owned Setcar’s revenue had risen to €3mln from €2.6mln in the period January 1 to October 1, 2020, despite coronavirus (COVID-19 headwinds. Over that period, Setcar had won 132 new contracts and been awarded 32 out of 77 tenders, Directa noted. Setcar’s contracted orders are now expected to generate revenue of €4mln during 2021 and €3mln during 2022.
KR1 PLC (LON:KR1) said it has sold 202,297 tokens in the Polkadot project at an average price of US$5.12 each, netting the company proceeds of around US$1.03mln. The digital asset investment firm said the partial exit represents only a small part of its position in Polkadot and that it is actively staking a “significant majority” of the holding to generate recurring revenue. The company said it now holds around 3.56mln Polkadot tokens.
VietNam Holding Limited (LON:VNH) saw its net asset value (NAV) rise by 4% in September helped by increased exposure to the country’s banking sector, the fund’s manager Dynam Capital said. In its monthly update, Dynam noted that the benchmark VNAS Index performed well in September, rising 4.4% for the month, driven mainly by banks, food & beverage (F&B) and industrial goods. Most of the listed banks achieved above market-expectation earnings for the third quarter, Dynam said, and F&B companies (VNM, SAB) are also likely to release surprise earnings growth considering the notable domestic retail sales increases.
Union Jack Oil PLC (LON:UJO) has agreed to acquire an additional 30% interest in the North Kelsey project, taking its stake in the exploration project to 50%. It is acquiring the stake from Egdon Resources with a £100,000 payment in cash. Additionally, the deal includes an agreement to cancel the disproportionate funding obligation attached to Union Jack’s original 20% interest in North Kelsey, stipulated in a prior farm-in deal between the two UK oil firms. All further financial obligations at North Kelsey will be carried equally, in line with their respective 50% stakes in the project.
SIMEC Atlantis Limited (LON:SAE), the global developer, owner and operator of sustainable energy projects has announced the appointment of its former CFO Duncan Black as a non-executive director (NED), with immediate effect, and the appointment of Stephen Hodges as Special Adviser to the group’s board. The company noted that Black brings to the group a wealth of experience in leading investment groups, advisory firms and power companies within the UK, Asia and Australia. He has formerly held the positions of Co-Head, Infrastructure Investment, at Eastspring Investments (part of Prudential PLC), Asia Head of Acquisitions at Deutsche Asset Management, CFO of CLP Holdings’ Australian electricity and gas utility business, EnergyAustralia, and Head of Finance and Development at InterGen in Asia Pacific. SIMEC Atlantis pointed out that Hodges is a waste sector specialist who most recently held the position of Director of Engineering at Viridor Waste Management Ltd.
Solo Oil PLC (LON:SOLO), soon to become Scirocco Energy, the AIM investing company targeting attractive production and development opportunities within the European energy market, announced that it has received a settlement notice from G.P. (Jersey) Limited, which, as announced to shareholders on October 6, 2020, invested US$500,000 into Solo under the terms of the share subscription deed governing the investment facility referred to in that same announcement. GP Jersey’s investment was made as a prepayment for ordinary shares in the company, the number (and price) of which were to be determined at the time GP Jersey elected to receive such GP Jersey shares, according to the average of five daily volume-weighted average prices during the twenty trading days prior to the date of such election by GP Jersey. Accordingly, the company has issued and allotted 40,604,191 ordinary shares to GP Jersey
Emmerson PLC (LON:EML), the Moroccan focused potash development company, has announced the appointment of Shard Capital Corporate Finance to lead the structuring and arranging of project finance debt for its world-class Khemisset Potash Project in Morocco. The project benefits from an industry-leading cost profile in terms of both capital costs and bottom quartile all-in delivered cost to customer, which together yield outstanding economic metrics including average annual life of mine EBITDA of US$236mln and a post-tax NPV of US$1.4bn based on the Feasibility Study released on June 1, 2020. Graham Clarke, CEO of Emmerson, commented: “Having already worked with Shard Capital Corporate Finance, we are confident that its team will help us to find the most suitable financing structure to support the continued development of Khemmiset. We remain confident in the value of the Project and look forward to updating the market on further developments.”
Savannah Resources PLC (LON:SAV) has announced the appointment of Farview Solutions as Strategic Adviser to help guide the development path for the Mutamba Mineral Sands Project in Mozambique and recommend associated strategic opportunities for the company. The resource development company pointed out that Farview Solutions provide strategic advice and advisory services to the mineral sands, titanium pigment and industrial minerals industries. Bruce Griffin, the owner of Farview Solutions, will be primarily responsible for advising Savannah in relation to Mutamba. In a statement, David Archer, Savannah’s CEO commented: “Mutamba is one of the largest undeveloped mineral sands deposits in the world and Bruce will help Savannah define the best value-adding development, commercial and corporate paths, both to help unlock the value of the Project and to sequence it into playing a major role in the production of titanium feedstocks for international industry.”
Amur Minerals Corporation (LON:AMUR), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, has announced that Brian C. Savage is stepping down as a non-executive director of the company effective close of business on October 16, 2020. The group said Savage will focus on advancing Avellana Gold’s Muzhievo and Beregovo gold, silver, lead, zinc project in Ukraine, where he is chairman and CEO and developing projects in the Democratic Republic of the Congo. In a statement, Robert Schafer, non-executive chairman of Amur Minerals, commented: “Brian’s support of Amur has been very helpful and important given his executive-level international experience. We wish him well and that he is successful in the development of his projects in the DRC and the Ukraine.”
4D pharma plc (LON:DDDD) said it has accepted an invitation to present data at a leading cancer conference. The company has been given three poster slots at the Society for Immunotherapy of Cancer (SITC) next month that will focus on clinical trials of its promising single-strain live biotherapeutic, MRx0518. The first poster will describe initial immune modulation and safety data from the neoadjuvant monotherapy trial in patients awaiting surgery for solid tumours. A neoadjuvant is a drug given as a first step to shrink a tumour before surgery. Two further posters will provide details of MRx0518 in combination with an existing cancer drug called Keytruda.
SkinBioTherapeutics PLC (LON:SBTX) has raised £4mln from existing and new institutions that will help fund work on new product applications for its technology and will also be used to expand its research and development capabilities. Up to a further £500,000 could be banked from an open offer of stock to current shareholders not involved in the placing. The proceeds of the fundraisers will be deployed to explore other uses for SkinBiotix – which harnesses the power of the microbiome found on the skin – in oral and hair indications.
Anglo Asian Mining PLC (LON:AAZ) has confirmed a significant improvement in production during the third quarter, with gold equivalent ounces (GEO) up 25% on the tally for the preceding three months. The Azerbaijan based miner said it produced 18,451 GEO in the three months ended September 30, 2020, versus 14,819 GEO in the second quarter of the year. It saw production for the first nine months of the year reach 50,702 GEO, against 60,122 GEO in the comparative period of 2019.
APQ Global Limited (LON:APQ), an emerging markets growth company based in Guernsey, has announced that, at its annual general meeting held on Tuesday, October 13, 2020, all resolutions were duly passed.
MaxCyte, Inc. (LON:MXCT) (LON:MXCL), a global cell-based therapies and life sciences company, has announced that its annual general meeting of stockholders is planned to be held at 11.00am EDT on October 30, 2020, at 21 Firstfield Road, Suite 202, Gaithersburg, MD 20878, USA.
I3 Energy PLC (LON:I3E) has said the general meeting in relation to the reverse takeover of Toscana Energy Income Corporation is to be held at 11 Abercrombie Court, Prospect Road, Arnhall Business Park, Westhill, Aberdeenshire, AB32 6FE on October 29, 2020, at 10.00am. The group noted that under the UK Government’s current recommendations with regards to public gatherings, it will not be possible for all shareholders to attend the meeting in person. The company therefore strongly encourages shareholders to vote on the resolution by completing an online proxy appointment form appointing the chairman of the meeting as their proxy, to register any questions in advance by emailing those to firstname.lastname@example.org and not to attend the meeting in person.
Amryt Pharma PLC (NASDAQ:AMYT) (LON:AMYT), a global, commercial-stage biopharmaceutical company dedicated to developing and commercializing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases, has said it will issue its unaudited financial results for the third quarter ended September 30, 2020, on November 5, 2020, at 12.00pm GMT / 7.00am ET. Amryt will host a conference call and webcast for analysts and investors on November 5 at 2.30pm GMT / 9.30am ET via Webcast Player URL: https://edge.media-server.com/mmc/p/dor9m4ay