It will be interesting to see whether after an incredible week Baron Oil (BOIL) can build further in share price terms.
This is after the AIM-quoted oil and gas exploration and appraisal company today provided a further update on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste and the preliminary interpretation of the reprocessed Chuditch 3D seismic data. BOIL said it continues to evaluate options to secure further investment for the Chuditch project, including an ongoing farmout process, which is accelerating with the availability of the revised interpretation. It remains in talks with multiple potentially interested parties.
ATOME Energy (ATOM), the green hydrogen and ammonia production company, announced further progress on its mobility project in Paraguay. Clean Power Hydrogen has informed ATOME that it expects to ship the ordered 1MW electrolyser by the end of Q1 2023. ATOME said that with ATOME Mobility, it is at the forefront of a US$2+ billion per year zero-emission hydrogen mobility market potential in South America.
ANGLE (AGL), a liquid biopsy company, announced it presented results from a proof of concept study at the International Society of Liquid Biopsy meeting in Miami, Florida on 20-22 October 2022. The study demonstrated that both circulating tumour cells and cell-free circulating tumour DNA can be analysed from a single blood sample. The results show that removal of plasma from blood samples for circulating tumour DNA analysis does not impact on the number or quality of circulating tumour cells which can be successfully isolated from the same sample using the Parsortix® system.
Landore Resources (LND) confirmed that the Company and ASX-listed Green Technology Metals Ltd have now finalized and executed the Extinguishment Agreement. Accordingly, GT1 has now concluded the purchase, and will extinguish, 50% (1.5%) of the 3% net smelter royalty that Landore holds over the Root Lake property. In return for entering into the Extinguishment Agreement, GT1 has agreed to pay Landore CAN$2 million in cash.
Castillo Copper (CCZ), a base metal explorer, announced that four drill-holes for 516m were completed at the Fence Gossan Prospect, within the BHA Project’s East Zone, with positive initial observations and interpretations. Subject to confirmation from final assay results, the geology team believe there is potential for Co, Cu-Au and REE mineralisation.
ValiRx (VAL), a life science company, announced the formation of a new partially-owned subsidiary company, Cytolytix Limited, and that Cytolytix has signed an IP License Agreement with King’s College London. Cytolytix has been established to progress the triple negative breast cancer project, CLX001, through preclinical development to a stage of readiness for clinical trials.
Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, provided an update on operations and related investor webinar on its project in the Paradox Basin, Utah, U.S. and announced the signing of a Cooperation Agreement with Kirkwood Oil and Gas LLC related to data sharing and planned joint drilling in the Paradox Basin. The company said it was exciting to see activity building across the Paradox project as it prepares for the commencement of its fully-funded drilling programme.
Predator Oil & Gas Holdings (PRD), the Jersey based Oil and Gas Company, announced that it has executed a rig contract with Star Valley Drilling Ltd. to use its Rig 101, which successfully drilled and completed for rigless testing the MOU-1 gas discovery well, to drill the upcoming MOU-2 well in the Guercif Licence onshore northern Morocco.
Mosman Oil and Gas (MSMN) the oil exploration, development, and production company, announced that a third-party technical report confirms that its 100% owned and operated permit EP 145 in Northern Territory, Australia has the essential ingredients for Helium and Hydrogen prospectivity, in addition to hydrocarbons. The Company also said the Cinnabar development well in Tyler County, Texas has completed wireline logging, casing has been run and cemented, and operations are now progressing towards production.
Union Jack Oil (UJO), a UK focused onshore hydrocarbon company, declared a Maiden Special Dividend, announce a Share Buyback Programme and confirm details of the Company’s Capital Allocation and Distribution Policy. UJO said its financial position has been transformed during 2022 and it now has a robust balance sheet, a fully funded and active work programme for the next 18 months on its principal projects and has no borrowings.
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