Powerhouse Energy (PHE), a company pioneering technology which converts non-recyclable waste into low carbon energy, reported progress on the infrastructure for Plot 10b of the Protos Energy Park.
The plot will be the site for the proposed construction of the first hydrogen production facility using end of life plastic that cannot be recycled employing PHE’s DMG® technology in the UK. The company said two important infrastructure items have been completed. Firstly, the emergency access to the site has been completed and secondly, the service ducting into the site has now also been installed.
Phoenix Copper (PXC), the base and precious metals producer, reported assay results from the first three core holes at its Empire Open Pit Copper Project, Custer County, Idaho, USA. 1,500 metres of core is being drilled with the core samples and technical information from these holes being used for further metallurgical testing, geotechnical studies, and geological modelling. The results of these studies may enable it to bring forward production of gold and silver, currently scheduled as a second phase of the Open Pit project.
Falcon Oil & Gas (FOG) announced the spudding of the Amungee 2H development well with the Silver City Rig 40 on 10 November 2022 on EP 98 in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B1) Pty Limited.
Dekel Agri-Vision (DKL), the West African agriculture company, provided an October production update for its Ayenouan palm oil project in Côte d’Ivoire and an update on progress regarding the ramp-up of production of our large-scale cashew processing plant at Tiebissou, Côte d’Ivoire. The company said it believes it is entering an exciting period in terms of potential revenue and profit up lift.
Altona (ANR), a rare earths exploration, development and mining company, announced that it has entered into a short-term loan facility ahead of its proposed admission to the London Stock Exchange. The Company is able to drawdown £150,000 in two tranches during November, from (those good people at) Align Research Investments Ltd, in order to complete its 2022 operations programme and provide funds for the assay costs at its Monte Muambe rare earths project in Mozambique.
Lift Global Ventures (LFT), an enterprise company focused on the financial media and related technology industries, announced its Final Audited Results to 30 June 2022. The company said continuing to seek acquisition or investment opportunities which help to cement its central position in the small/mid-cap arena.
Nightcap (NGHT), the owner of groups of bars, announced its audited full year results for the 53 weeks ended 3 July 2022. The company said going from £6m to £36m of revenue and £0.2m to £3.3m of Adjusted EBITDA is impressive growth, and it has defined its brands and fine-tuned their business models to optimise the roll out of the individual brands.
Touchstone Exploration (TXP) reported its operating and financial results for the three and nine months ended September 30, 2022. The company said the focus of the third quarter was the completion of the Coho natural gas facility which is currently on production, providing it with first natural gas revenues in October. Base oil production continues to generate positive operating cash flows while it progresses on construction of the Cascadura natural gas and liquids facility.
Kromek (KMK), a developer of radiation and bio-detection technology, announces that it has received, and delivered, a contract worth $1.3m from a US customer for the Group’s D3M wearable radiation detector. This contract is a repeat order, with Kromek having now delivered D3M orders worth $2.6m to this customer in the last six months.
Pantheon Resources (PANR), the AIM listed oil and gas company, provide an operational update. The company said the new Theta West acreage is in the same trap as our existing resource and the new Alkaid acreage covers a mapped extension of the Shelf Margin Deltaic and Alkaid anomalies.
Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, announced that its lender, First International Bank and Trust, has completed its regularly scheduled semi-annual redetermination of the Company’s revolving credit facility. The redetermination process resulted in a 30% increase to the RCF, with the new borrowing base set at $13 million.
Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, announced that it has become aware that MBU Capital Group Limited entered into a charge in favour of Bluestar Global Capital Limited over all of the ordinary shares which MBU Capital owns in Bens Creek. representing approximately 56.78% of the Company’s Ordinary Shares.
As announced on 17 August 2022 as part of Predator’s (PRD) placing to raise £3.3 million, the company said it intends to issue Executive Chairman Paul Griffiths 15,000,000 new Ordinary Shares and take all necessary steps in order to put Mr Griffiths back into the position that existed, in terms of his aggregate shareholding in the Company, had he not made the transfer of 15,000,000 of his Ordinary Shares in order to settle the Placing. The Company now has such an ability and intends to issue 10,000,000 new Ordinary Shares of no par value in the Company to Paul Griffiths.
Echo Energy (ECHO), the Latin American focused energy company, provided an operational update regarding further progress in the execution of the Santa Cruz Sur assets production and infrastructure enhancement plan first announced on 7 July 2022. The company said production at Santa Cruz Sur in the first month of Q4 2022 has been strong with average daily production in October of 1,610 boe, net to Echo’s 70% interest. This represents the highest monthly average production achieved in 2022 and a 13% increase over the monthly average during Q3 2022.
Ariana Resources (AAU), the AIM-listed mineral exploration and development company, provided an update on its advanced Turkish projects which are 23.5% owned by Ariana through its shareholding in Zenit Madencilik San. The company said it was highly encouraged by the simultaneous and substantial progress being made across all advanced Turkish projects in which it holds an interest through Zenit.
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