RNS Hotlist with Zak Mir: BOOM, I3E, CORO, DGI, EOG, UJO, EME, RBD, OMI, GWMO, ARB & AMC

Audioboom (BOOM), the podcast company, announces that, on 7 September, Michael Tobin OBE, non-executive Chairman of the Company, purchased 2,000 shares in the company at a 600p. Following this purchase, Tobin holds 708,315 shares in the company, representing approximately 4.3%. This continues a recent long run of purchases in the stock.

Author @ZaksTradersCafe

i3 Energy (I3E), an independent oil and gas company, announced the appointment of John Festival as Non-Executive Chairman of i3’s Board of Directors, effective immediately. Linda Beal, who has seen the Company through a period of transformational growth as Interim Chairperson, remains as a Non-Executive Director with the Company and will focus on her roles as chair of the Audit and Governance Committees.

Coro Energy (CORO), the Southeast Asian energy company, announced that the partners in the Duyung PSC have approved an updated Plan of Development and have approved and secured alignment with SKKMIGAS on the PoD. The PoD now been submitted to the Indonesian Ministry of Energy and Mineral Resources for approval. Coro holds a 15% interest in the Duyung PSC.

DG Innovate (DGI), the advanced research and development company pioneering, announced that the Company, through its subsidiary, Deregallera Limited, has been awarded funding from the UK Government’s Advanced Propulsion Centre through their Scale-up Readiness Validation competition, part of the Automotive Transformation fund. The APC funding of approximately £600,000 will cover 50% of the eligible costs of the Company’s ‘Scale up Readiness Validation of Parallel Motor for Automotive Applications’ project.

Europa Oil & Gas (EOG), the oil and gas company, announced that it has secured a £1,000,000 loan facility with Union Jack Oil (UJO). EOG said the loan will provide it with additional liquidity and reflects the prudent cash management philosophy that has been adopted at Europa when looking at the various development settings that it could face in the near term.

Empyrean Energy (EME), the oil and gas development company, announced that the partners in the Duyung PSC have approved the updated Plan of Development and have secured alignment with SKK Migas on the plan. The PoD has now been submitted to the Indonesian Ministry of Energy and Mineral Resources for approval. Empyrean holds an 8.5% interest in the Duyung PSC. Empyrean is also announced that an Operator commissioned Competent Persons Report has been prepared by GaffneyCline & Associates for the Mako development.

Reabold (RBD), the AIM quoted investing company, noted the announcement by the UK Government of the cancellation of the moratorium on hydraulic fracturing onshore in the UK. Reabold said it welcomes this change in policy and notes that it could have a materially beneficial effect on the company’s UK onshore business, including the potential to exploit additional resources within its existing licence interests and other potential opportunities.

Orosur Mining (OMI), announced a key development at the company’s flagship Anzá Project in Colombia. The company said that further to the announcement of September 6th 2022, MMA has now provided the Company with a Phase 1 Earn-In Notice, having completed all of the obligations under the Exploration Agreement, including the investment of $10 million in the Project. The Company has also been informed by MMA that it will enter Phase 2 under the Exploration Agreement, which will be governed by the JVA.

Great Western Mining (GWMO), which is exploring and developing gold, silver and copper targets in Nevada, announced the assay results from its summer 2022 drill campaign at the Mineral Jackpot and Rock House prospects in the Walker-Lane trend. The company said Mineral Jackpot and Rock House are two of the four target areas it has drilled this year and it is now waiting on results from Trafalgar Hill and the OMCO Mine area, both at the Olympic Gold Project, which it expects in the near future.

Argo Blockchain (ARB), a cryptocurrency mining company announced that it has entered into a strategic hosting services agreement with an undisclosed third party. During the month of August, Argo mined 235 Bitcoin compared to 219 BTC in July 2022. The increase in BTC mined was primarily due to an increase in total hashrate capacity at the Helios facility compared to the previous month.

Amur Minerals (AMC) updated shareholders on the company’s progress during the first six months of 2022. On 8 August 2022, the company announced that it had entered into a Share Purchase Agreement pursuant to which it has agreed to sell its indirect subsidiary Kun-Manie for an aggregate consideration payable in cash of $35m. If the disposal completes, the company will move forward as a cash shell.

Author @ZaksTradersCafe

Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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