RNS Hotlist with Zak Mir: I3E, ASMO, CHLL, MXC, JAN, THG, SDX, ZPHR, ESYS, SQZ, IME, ZED, GEMD, OSI & SML via Vox Markets

i3 Energy (I3E), an independent oil and gas company with assets and operations in the UK and Canada, provide the following update, continuing its stellar run of newsflow and share price bull run.


The company said it was “delighted” to announce the execution of the farm-in agreement with Europa and it will now commence the detailed planning and permitting process for the Serenity appraisal well, which is expected to spud in late Q3 this year.

All Star (ASMO), an Investing Company listed on the AQSE Stock Exchange, has entered into Heads of Agreement with Gathoni Muchai Investments Limited to acquire interests, secured by GMI, in the Blesberg Lithium and Tantalum Project in South Africa and the Nkombwa Hill Tantalum, Rare Earth Elements and Phosphate Project in Zambia, and other mining and exploration projects introduced by GMI as part of the transaction. Jason Brewer, CEO, (of Caracal Gold (GCAT) fame) said he was pleased to announce the signing of a HoA for these “exciting” Projects. The company is set to change its name to Marula Mining.

Chill Brands (CHLL), the international consumer packaged goods company, announced its intention to issue 500,000 shares to the U.S. Major Arena Soccer League following the commencement of a sponsorship programme as announced on 20 December 2021 and provisioned for in the Half-Yearly Report.

MGC Pharmaceuticals (MXC), a European based bio-pharma company, announced the grant of a Patent for the company’s Investigational Medical Product, CimetrATM, from the Slovenian Intellectual Property Office.

Jangada Mines (JAN), a Brazilian focussed natural resource development company, announced an updated technical report with the inclusion of the titanium component at its 100%-owned Pitombeiras Vanadium Titano-Magnetite Project in Ceará State, Brazil. The Technical Report was prepared by Brazilian based GE21 Consultoria Mineral and is compliant with National Instrument 43-101.

THG (THG), the proprietary technology platform which has had a somewhat bumpy ride since it came to market, announced its preliminary results for the financial year ended 31 December 2021, together with its trading update for the three months ending 31 March 2022. The now famous Matthew Moulding, CEO of THG, said that the first full year as a public company, “saw us scale revenue and expand our business model, well ahead of targets set at IPO. We delivered a record revenue performance for the year, with Group revenue up +38% year-on-year to £2.2bn. On a two-year basis, THG has grown revenues +95%; effectively doubling the size of the business.” Clearly, Mr Moulding is keen to put a positive spin on things.

SDX Energy (SDX), the MENA-focused energy company, announced the spudding of the SD-12 East appraisal well (SDX WI 75%), targeting additional reserves to the east of the SD-12X discovery well on the Sobhi field located in the Ibn Yunus North development lease. SD-12 East spudded on 16 April 2022 and is expected to reach TD in approximately three weeks.

It probably is a good time for oilers to hedge as Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, announced the implementation of a hedging programme related to 328,000 barrels of oil production from its non-operated asset portfolio in the Williston Basin over the next two years. The Programme is designed to ensure over $30 million of forecast revenue during this two-year period and has been implemented with BP Energy Company.

essensys (ESYS), the global provider of mission critical SaaS, announced unaudited results for the six months ended 31 January 2022. The company said essensys performed “resiliently” in the first half of our financial year with 3% revenue growth driven by continued strong growth in the US. As outlined in March, whilst Covid-19 temporarily slowed our hiring plans, sales cycles and its accelerated growth plans made “excellent” progress in product and development and in the strengthening of the senior executive team. It will be interesting to see whether this will cause the share price to continue its tentative recovery of late.

Serica Energy (SQZ), a British independent upstream oil and gas company, announced its audited financial results for the year ended 31 December 2021. The company said 2021 was an “outstanding” year of progress for Serica, which demonstrated the value of its through-cycle investment strategy resulting in the R3 and Columbus projects reaching first production. This increases Serica’s gas output to over 85% of total production.

Immedia (IME) announced the Disposal of its wholly owned subsidiary, Immedia Broadcast Limited, In addition, the company is proposing to change its name to Immediate Acquisition Plc with effect from Completion of the Disposal. Let us see whether the company will live up to its name change.

Zenova Group (ZED), a provider of fire safety and heat management technology and products, announced its results for the year ended 30 November 2021. The company said that later in 2022 it expects to launch three further products. They provide innovative solutions which are underpinned by extensive testing, and they will help address the ongoing global challenges surrounding heat management and fire safety.

Gem Diamonds (GEMD) provided a Trading Update detailing the Group’s operational and sales performance from 1 January 2022 to 31 March 2022. The company said it remains “confident” about the outlook for diamond prices, particularly for Letseng’s large high-value diamonds with an average price of $1 831 per carat achieved during the Period. Prices achieved on a like-for-like basis continued the largely upward trend from 2021.

Osirium Technologies (OSI), a vendor of cloud-based cybersecurity software, which has excited the punters of late, announced its final results for the year ended 31 December 2021. The company said it was “pleased” to report on a year of significant growth in customers and market reach for the Group, underpinned by high customer retention and ongoing product innovation.

Strategic Minerals (SML), a mineral company, announced that its 100% owned subsidiary Cornwall Resources Limited has signed a 10-year extension to its existing Redmoor exploration licence agreement, with a new end date of 18 October 2037.

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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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