Caracal Gold (GCAT), the gold producer with operations in East Africa, announced the appointment of Riaan Lombard as General Manager of the Kilimapesa Gold Operations in Kenya and Paul Reeves as Chief Financial Officer of Caracal Gold. Both appointments are effective from 1 February 2022.
By Zak Mir
Mosman Oil and Gas (AIM: MSMN) the oil exploration, development, and production company, announces an update on the planned AGM due to held in Sydney on 28 January 2022.The Company has received a number of comments from shareholders in respect to the proposed Resolution 2 – Share Consolidation – 1 for 100 Shares. The Board has taken this feedback into consideration and has decided to withdraw Resolution 2 at this time and that matter will now not be placed before shareholders at the AGM.
Predator Oil & Gas (PRD), the Jersey-based oil and gas company announced the completion of a Competent Persons Report. The CPR comprises of an independent re-assessment and valuation of the “Guercif MOU-4 Prospect” now defined as the Tertiary Moulouya Turbidite Fan Appraisal Project following the incorporation of the positive MOU-1 drilling results. The company said it was pleased to report the results of the CPR confirming the continuity of the MOU-1 and MOU-4 structures which has established material Contingent Gas Resources net to the Company of 295 BCF and an unrisked ENPV of US$592million. The realisation of Contingent Gas Resources gives PRD an additional option for shareholder monetisation.
ZOO Digital (ZOO), the provider of end-to-end cloud-based localisation and media services, has appointed former Channel 4 and Capital Radio executive Nathalie Schwarz as Non-executive Director. The appointment brings additional media and digital technology expertise to the Board, while strengthening ZOO’s governance – reflecting the growth in scale and global reach of the business and its ambitions for the future.
Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen facilities, incorporating Powerhouse Energy Group (PHE) DMG® technology, said that a research note on the company has recently been published. The Progressive Equity Research note said that HUI already has a pipeline of potential projects and news is expected soon on initial funding applications. Shares in HUI have almost doubled since they listed at 7.5p last week.
SEED Innovations (SEED) the AIM quoted company investing in fast growing and industry leading businesses, provided an update on its portfolio company Eurox Group, a German-based, European vertically integrated medical cannabis company, which has entered into an exclusive agreement with Orchid Ventures Inc., a multi-state cannabis innovation company, on a submission to German Authorities for approval of a premium medical vaporizer device. SEED has an 8.85% shareholding in Eurox.
Caerus Mineral Resources (CMRS), the exploration and resource development company, updated on both recent exploration results and work programmes and objectives for the year ahead. The company said it has completed two significant acquisitions and entered into agreements with Jubilee Metals Group and Bezant Resources. The intention in 2022 is to quickly build its Cyprus Resource base with JORC Resources declared at multiple sites with an initial focus on Troulli, its’ extensions and satellites which offer potential high-grade exploitable ore in the near term.
East Imperial (EISB), the global purveyor of ultra-premium beverages, announce a £3.4m placing at 10.5 pence. The company also provided a year end update and announced a 60% increase in 2021 revenues compared to the prior year. It has benefited from a more diversified revenue stream in 2021 following strong progress implementing a multi-channel strategy.
Woodbois (WBI) revealed a Q4 2021 update. 2021 sawn timber production came in at 13,100m3, an 84% increase year-on-year, while 2021 veneer production hit 3,800m3, a 78% rise. The company said the outturn for 2021 was characterised by strong operational progress but constrained by sustained shipping and container difficulties and Covid-related disruption, not least in Q4, a pattern that is likely to continue, at least in the first half of 2022.
ANGLE (AGL), a liquid biopsy company, updated on its plans for accreditation of its clinical laboratories and on its ovarian cancer study. The company said that while good progress has been made in many areas of the ovarian cancer study, there have been some third-party supply chain difficulties attributed to COVID-19. Angle said it remains on track to achieve the first ever FDA product clearance, for a system to harvest cancer cells from patient blood for subsequent analysis, initially in metastatic breast cancer. Ongoing and constructive dialogue with FDA continues and a regulatory decision from FDA is awaited.
TomCo Energy (TOM), the US operating oil development group, announced the receipt of an independent report commissioned estimating the oil reserves, associated marketable sand volumes, and future net revenue, as of 31 December 2021, in respect of a potential commercial scale project on the mining properties comprising the Tar Sands Holdings site located in the Uinta Basin, Utah, United States. TomCo’s wholly owned subsidiary, Greenfield Energy LLC, owns a 10% Membership Interest in TSHII with an exclusive option, to acquire the remaining 90% of the Membership Interests for additional cash consideration up to 31 December 2022.
United Oil & Gas (UOG), the oil and gas company with a portfolio of production, development, exploration and appraisal assets announced successful test results and commencement of production from the Al Jahraa-13 development well, in the Abu Sennan licence, onshore Egypt, which is operated by Kuwait Energy Egypt. The company said AJ-13 has been brought on stream in less than eight days. With initial gross production rates of 600 bopd, it expects the well to pay back in under nine months, similar to previous wells.
Firering Strategic Minerals (FRG), an exploration company focusing on critical minerals, updated the market on the exploration activities at its Atex dual Lithium-Coltan (Tantalum) Project, as well as progress on the plan to commence near-term pilot production of conflict-free tantalum. The company said the time is right to focus on what it believes could be the next major lithium resource in West Africa. It looks forward to advancing its near-term tantalum ambitions towards pilot production, and maiden cash flow, during the year ahead.
ADVFN (AFN) said it has noted several recent announcements of significant shareholdings and is concerned that control may be being sought by shareholders whose total interests may not be aligned with shareholders as a whole. having reached a stage of reported profitability, AFN said it has valuable assets which could be of interest to a number of parties. The company is to undertake a formal review of its strategic options, including a formal sale process.
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