Canadian Overseas Petroleum (COPL), an international oil and gas company, announced “in market” share purchases by Arthur Millholland, President, and CEO. He has advised the company of the purchase of 1,000,000 shares. The company has also issued 1,999,000 common shares pursuant to a conversion of $200,000 principal of each of the 2024 and 2025 Bonds.
Powerhouse Energy Group (PHE), the UK technology company, announced its unaudited interim results for the six months ended 30 June 2022. The company said progress has been made in the first half of 2022 as it developed its business model to be more flexible and retain more control over our proprietary technology. It continue with plans to develop a global technology and innovation centre to develop knowhow and breadth of application.
Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, announced an increase in its operated land position through the acquisition of an additional 1,920 acres in the Paradox Basin, Utah, U.S., and updated on its State 16-2LN-CC operations and upcoming Paradox drilling programme. The company said this prime acreage, already located under Zephyr’s 3D seismic, adds valuable locations and resources. It is focused on recommencing production testing at the State 16-2 LN-CC, for which operational preparations are largely complete and long lead time items are in process.
Rockfire Resources (ROCK), the gold, base metal and critical mineral exploration company, announced that preliminary metallurgical tests from its 100%-owned Molaoi zinc deposit in Greece have returned excellent recoveries and concentrate grades for zinc, silver, lead and germanium. Copper and gold have also reported to the concentrates, adding high potential value to the future economics of the project. The metallurgical recoveries and grades attained in this round of tests significantly reduce process recovery and marketing risk.
IOG (IOG), the Net Zero UK gas and infrastructure operator, announces its unaudited results for the six months ended 30 June 2022. The company said that in March IOG became the UK’s newest gas producer when it brought Saturn Banks Phase 1 onstream. Generating its first revenues and profit in this period is an important step forward for the business.
The Ince Group (INCE), which provides various legal and financial services, announced that it has conditionally raised total gross proceeds of approximately £0.2 million via the Open Offer and a total of approximately £9.3 million via the Fund-raising and Open Offer.
Guild Esports (GILD), a lifestyle brand, announced a significant expansion of its partnership with Samsung with a new sponsorship agreement as well as the renewal of an existing deal. The new sponsorship deal concerns Samsung’s TV/AV division and appoints it as the Company’s Official TV partner for the U.K. and Ireland for a one-year period with immediate effect.
PetroTal (PTAL) announced its financial and operating results for the three months ended June 30, 2022.The company said it had delivered solid Q2 2022 financial and operational performance highlighted by record production rates, record cash flow, and a robust balance sheet profile with a substantial net cash position.
NetScientific (NSCI), the international life sciences group, announced that its portfolio company, PDS Biotechnology Corporation has entered into a debt financing agreement led by Horizon Technology Finance Corporation to provide up to a $35.0 million term loan. As part of the financing, PDS Biotech received an initial tranche of $25 million at the close.
Eco (Atlantic) Oil & Gas (ECO), the oil and gas exploration company, announced its results for the three months ended 30 June 2022. The company said its Q1 results serve as an important opportunity to remind investors of the significant near-term catalysts that across its entire Atlantic Margin portfolio, with near-term high impact drilling offshore South Africa, significant interest in its Namibian portfolio and plans taking shape with regards to its strategy for value accretion offshore Guyana, the outlook has never been more positive.
Argo Blockchain (ARB), a cryptocurrency mining group, announced its results for the six months to 30 June 2022. The company said the delivery and installation of the approximately 20,000 S19J Pro machines from Bitmain continues to progress on schedule, and it still expects to have all of these machines installed by October 2022.
Kibo Energy (KIBO), the renewable-energy-focused development company, announced that it has initiated a process for Requests for Proposals to investigate the feasibility of replacing fossil-fuel (coal) with renewable biofuel, as mentioned in the Company’s RNS dated 27 May 2022. This follows an extensive review of the Company’s operations and assets wherein it determined to dispose of all its coal assets while retaining the associated energy (power) projects through its introduction of innovative biofuel technology, on which the Company has been doing extensive work in recent months.
Love Hemp Group (LIFE), the brand-led consumer goods company focused on CBD health and wellness solutions, updated regarding the suspension of its shares by the Aquis Stock Exchange. The company agreed to a Settlement Agreement with the AQSE which includes publication of the Disciplinary Notice and a fine for breach of the AQSE Rulebook. The fine is in the amount of £100,000 and the AQSE has offered a discount for early settlement, and the company has agreed to pay the sum of £70,000 to AQSE to resolve this matter.
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