i3 Energy (I3E), an independent oil and gas company with assets and operations in the UK and Canada, announced its monthly dividend totalling £1.6996 million, of 0.1425 pence/share. The ex-dividend date is 13 Oct 2022.
Dukemount (DKE), the property management and long dated income specialist, announces that HSKB Limited, in which it holds a 50% interest, has successfully completed the sale of two special purpose companies, to Mast Energy Developments (MAST), for an aggregate sale price of £350,000.00. Each company contains an 11kV gas peaking facility, which are ready to build, with full planning permission and grid access. One would suspect that sharesholders of Mast will have smiles on their faces.
Hydrogen Future Industries (HFI), a developer of proprietary wind and water-based green hydrogen production systems, announced the acquisition of a suite of international patents which are relevant to the systems being developed by the company, by its joint venture subsidiary HFI IP Holdings Limited. The company said that by securing these Patents attached to earlier works undertaken by Timothy Blake we have significantly enhanced the intellectual property around the wind-based hydrogen production system it is developing. It is looking forward to beginning the testing of its 1m prototype unit in Montana, USA in this quarter, which we anticipate will last for several months prior to the construction of the first commercial scale units for testing.
First Class Metals (FCM) reported preliminary assay results from the new West Pickle massive sulphide discovery. The assays from the first hole reported TK-22-059 are of an exceptionally high grade at 4.8% Ni (“Nickel”), 3.7% Cu (“Copper”) (6.8% Nickel Equivalent) over 1.8m from Massive Nickle Copper Sulphides. A total of twelve holes have been drilled from which lab assays remain outstanding for eleven holes TK-22-058/TK-22-060 to TK-022-070/
Sureserve Group (SUR), the Social Housing Energy Services Group, announced that its wholly owned subsidiary CorEnergy Limited, bidding via an Aaron Services Limited Framework, has successfully completed a £5.4 million contract with the Defence Infrastructure Organisation to supply the UK Ministry of Defence with Solar PV.
Quantum Exponential (QBIT), a company focused on investing in quantum technology, announced its audited final results for the year ended 30 April 2022. The company said despite the macro-economic backdrop, investment activity in the early-stage quantum domain remained very strong. Investors have realised that quantum computers are the future and will in time supersede classical computers, which are slower and unable to solve more complex problems.
Serinus Energy (SENX), announced that the drilling operations at the Moftinu Nord-1 exploration well in Romania have been completed and provided an update on Tunisia operational activities. The Moftinu Nord-1 well will be suspended, as it did not contain sufficient gas resources. Following the work on the N-2 well, the company anticipates proceeding with the workover and installation of artificial lift on the WIN-12bis well in Sabria in 2023.
Omega (ODX), the specialist medical diagnostics company, said it welcomed receipt of the draft Performance Evaluation report for the VISITECT® CD4 Advanced Disease Rapid test, issued by the World Health Organisation on 3 October 2022. The company also said announces that it has commenced engagement with the FDA to progress the regulatory approval of the Genedrive® MT-RNR1 ID Kit into the USA.
Kinovo (KINO), the specialist property services group, confirmed that it has completed the refinancing of its £1.5 million term loan with its partner, HSBC UK Bank plc, together with the annual renewal of the current £2.5 million overdraft facility.
Spectral MD (SMD), a predictive analytics company, announced results from its Burn Image Assessment Study (BIAS). The company said it is surprising to find that 31% of clinical judgment suggested that surgery or referral was necessary for burns that would actually heal with local wound care, which leads to unnecessary surgery and waste of resources.
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