Gunsynd (GUN) has invested £75,000 in the Initial Public offering of First Tin (1SN), a tin development and exploration company. GUN’s subscription for 250,000 ordinary shares at 30p for £75,000 is in addition to a previous investment 15p for £125,000. Gunsynd has had a stellar run on its investments over the past 18 months.
Anglesey Mining (AYM), the UK based minerals exploration and development company, announced the admission of the Company’s ordinary shares to trading on AIM will take place at 8.00 a.m. today. Simultaneously, the admission of the ordinary shares to trading on the Main Market of The London Stock Exchange plc and to the premium listing segment of the Official List will be cancelled.
Kavango’s (KAV) Chief Operating Officer, Brett Grist, has recently returned from Botswana, where he conducted an extensive review of the Company’s operations. Kavango presented his operational review in which he expect results to start flowing in the “not-too-distant future.”
NFT Investments (NFT), an incubator specialising in the market for non-fungible tokens announced its audited results for the 12 months ended 31 December 2021. Net asset value amounted to £34.38m, equivalent to 3.43p per share, as at 31 December 2021. The company said that after “careful consideration”, it will not proceed with the proposed acquisition of Pluto Digital. NFT shares are to be restored to trading.
Empyrean Energy (EME), the oil and gas development company, updated on preparations to drill the Jade prospect at its 100% owned Block 29/11 permit, offshore China. The company said towing operations have unfolded a little quicker than we expected and we are now counting down the hours until we spud one of the highest potential impact and eagerly anticipated wells of 2022.
Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, updated on hydrocarbon production from its non-operated asset portfolio in the Williston Basin, North Dakota, U.S. The company said It is almost exactly twelve months since it announced its first non-operated acquisition in the Williston Basin, and is “absolutely delighted” with the rapid growth and strong cash flows generated by the five portfolio acquisitions completed to date.
Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announce the appointment of James Nicholls-May, FCCA as Chief Financial Officer with immediate effect.
88 Energy Limited (88E) reported that the ongoing assessment of the SMD, SFS and BFF play fairways onto its Project Icewine acreage (75% 88 Energy WI) is progressing as planned. Preliminary independent third-party mapping indicates that all play fairways extend into the Project Icewine lease holding.
Oncimmune (ONC), the global immunodiagnostics group, announced the signing of two new ImmunoINSIGHTS commercial contracts. The first contract is with an US-based clinical-stage biopharmaceutical company which is developing first-in-class cellular immunotherapies for cancer patients utilizing off-the-shelf natural killer cell and CAR-NK cell products.
Avacta Group (AVCT), a clinical stage oncology drug company announced that AffyXell Therapeutics, a joint venture between Avacta and Daewoong Pharmaceutical, has entered into a collaboration agreement with Biocytogen, a Chinese company specializing in developing new biological drugs, and the Korea Non-Clinical Technology Solution Center.
SDX Energy (SDX), the MENA-focused energy company, announce the spudding of the MSD-20 infill development well on the Meseda field. This well is the third in a fully funded 13-well development drilling campaign on the Meseda and Rabul oil fields in the West Gharib concession in the Egyptian Eastern Desert. The campaign is aimed at growing production to c.3,500 – 4,000bbl/d by early 2023.
Sound Energy (SOU) said it is not to proceed with a possible offer for Angus Energy (ANGS). ANGS said its Competent Persons Report of October 2021 gave a P90 valuation of £24 million (P50 of £34 million) to its interest in Saltfleetby, since which time confidence in its ability to achieve First Gas in June has risen. After lengthy discussions on a possible combination with Sound, “were unable to agree terms.” Ouch.
People looking for a good time in Birmingham, presumably, a significant percentage of the population, will note that Nightcap (NGHT), the owner of groups of bars, announced a new opening for The Cocktail Club in Birmingham later this year. After the openings of larger The Cocktail Club venues in Reading and Bristol over the last few months, the Group will now open a flagship site at 31 Temple Street, Birmingham, B2 5DB.
Aminex (AEX) unveiled a Tanzania operations update. The company said operational progress continues to be made by the operator on Ruvuma and noted the slight change in the spud date for the CH-1 well to November 2022. It looks forward to important news on Ruvuma over the “coming months.”
Argo Blockchain (ARB), a specialist in cryptocurrency mining, revealed an operational update for March 2022. During the month of March, Argo mined 163 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 135 BTC in February 2022.
Webis (WEB), the Group specialising in pool wagering, announced that its principal USA based subsidiary, WatchandWager.com LLC , has this week signed a contract with the owners of Arizona Downs racetrack in Prescott Valley, Arizona for a commercial lease to operate live Harness Racing, pari-mutuel wagering and food and beverage operations at the venue.
Physiomics (PYC), the consultancy using mathematical models to support the development of drug treatment regimens, announced that it has been awarded a contract by new client, the Servier Group, an international pharmaceutical company headquartered in France. Cancer is one of Servier’s priority therapy areas.
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