i3 Energy (I3E), an independent oil and gas company, announced its Q2 2022 operational and financial update, in advance of its half year results which will be released in September 2022. i3 remains on track to deliver peak 2022 production above 24,000 boepd.
The company said the second quarter was another very busy period for i3. The Company managed to increase base production levels quarter on quarter, without any contribution from its Q2 drilling campaign. The recently drilled wells from its Q2 campaign have been tied in post quarter end and will imminently commence making a material production contribution post clean-up.
Nanosynth (NNN), a company specialising in nanoparticles, announced a conditional subscription to raise £2,942,500 at a price of 0.55p to institutional investor Lanstead Capital Investors L.P., together with a related sharing agreement pursuant to which the Company pledges the gross proceeds of the Lanstead Subscription.
Mode Global (MODE), the LSE-listed fintech group, announced that it has received confirmation from the FCA that Mode can add multi-tokens to the Mode App. The company said this expansion of tokens available on the platform will be a significant milestone for Mode, and the FCA’s regulatory approval is a testament to Mode’s secure and well-governed infrastructure, which makes this token expansion possible.
Union Jack Oil (UJO) a UK focused onshore hydrocarbon company, announced that material landmark net revenues of $9,000,000 have been achieved from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.
Kavango Resources (KAV) updated on drill targeting at its Kalahari Copper Belt (KCB) licence PL082/2018. The company said leading on from the work completed on PL036/2020, as reported on 03 August 2022, its team has worked rapidly to complete a further substantial soil sampling program on licence PL082/2018, under the Kavango earn-in agreement with LVR Geoexplorers.
Westminster Group (WSG), a supplier of security solutions worldwide, announced that its Technology Division has been awarded a contract to provide a Mass Entry Screening solution to an iconic building within the UK. The organisation concerned is taking steps to increase security arrangements in preparation for the forthcoming Protect Duty Legislation.
Oxford Cannabinoid Technologies (OCTP), the pharmaceutical company, announced a strategic re-allocation of its drug development resources and changes to the composition of its Board of Directors. The company said the re-allocation measures are both forward looking and precautionary, reflecting the Board’s commitment to delivery of its current programmes.
Echo Energy (ECHO), the Latin American focused energy company, provided a further update regarding progress in the execution of the Santa Cruz Sur assets’ Production and Infrastructure Enhancement Plan originally announced on 7 July 2022. The company said a power generation unit installed in the larger Cerro Molino Oeste field (1,375 Kilo Volt Amps (KVA) capacity) has been successfully commissioned and is available to support existing and future production levels. Work continues by the Santa Cruz Joint Venture staff to plan on commissioning of the remaining two installed units in the El Indio Oeste field and Oceano fields (both 375 KVA capacity).
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