RNS Hotlist with Zak Mir: RBD, UJO, TGR, ORCP, CBX, TEK, LBE, TERN, ROQ, RKH & NFX

It looks as though we have an RNS dedicated especially to the NIMBY. Reabold (RBD) & Union Jack Oil (UJO) JV which focuses on investments in upstream oil and gas projects, noted Rathlin Energy (UK) Limited, the Operator of PEDL183 and the West Newton Field.

Author @ZaksTradersCafe

Today published an update to residents regarding ongoing plans for the West Newton project, following a meeting with the West Newton Community Liaison Group. The results of a CPR compiled by industry consultants RPS is planned to be published the week commencing 26 September 2022.

Tirupati Graphite (TGR), the specialist graphite and graphene company, provided a progress update on the ongoing developments and operations of the Sahamamy and Vatomina projects and further decisions taken by the Company to optimise the development of its Madagascar projects and operations. The company said it was pleased to announce its increasing guidance on flake graphite production as it continues to work towards adding the balance of 54,000 tons of planned capacity across its existing Madagascan projects, targeting completion by the end of 2024. This progress will help it to achieve our long-term goal of producing circa 8% of the global flake graphite market or 400,000 tpa by 2030.

Oracle Power (ORCP), the international natural resources project developer, announced its unaudited interim results for the six months ended 30 June 2022. The company said that during the first half of 2022, it has actively pivoted towards a more environmentally responsible project development strategy, by selecting green hydrogen as the most relevant fuel to be its primary focus going forward. It remains determined to generate value from the investments that it has made in gold by turning those projects into revenue generating assets for the company.

Cellular Goods (CBX) a UK-based wellness company, announced that select products in its ‘Look Better’ (skincare) range are available for purchase from the Company’s website for shipment to the USA for the first time. Cellular Goods has opened sales from its ecommerce website following the launch of its Rejuvenating Skincare Campaign, starring international supermodel Helena Christensen.

Tekcapital (TEK), the UK intellectual property investment group, announced that MicroSalt® is slated to launch its salt-shakers, the first, full-flavour, lower sodium table salt, to major retail chains on 1st October 2022. The MicroSalt® shakers will be available in both 2-ounce and 6-ounce sizes.

Longboat Energy (LBE), the emerging full-cycle E&P company, announced that hydrocarbons have been encountered in the OMV operated exploration well 30/5-4S (Company 20%) and that a decision has been taken to drill a sidetrack well and perform a drill stem test. The well was drilled to a depth of 5,003 metres TVDSS targeting the Tarbert and Ness formations.

Perennial bear target Tern (TERN), the company focused on value creation from Internet of Things technology businesses, is pleased to announce its unaudited interim results for the six months to 30 June 2022. The company said its optimism around the potential in Tern’s investment strategy and network of companies remains undimmed and it continues to strongly believe that shareholder value will accrue from its exciting network of companies. It will be interesting to see how the shorters react to these gung ho comments.

Roquefort Therapeutics (ROQ), the Main Market listed biotech company, presented its interim results for the six-month period ended 30 June 2022. The company said it now has the potential to meet significant value inflection with the average valuation of biotech companies with a single lead asset completing pre-clinical development being circa $71 million (£55 million, 2005-2020). In that context, now that Roquefort Therapeutics has four lead assets, it believes the company and its IP represents a highly compelling value proposition.

Rockhopper Exploration (RKH), the oil and gas exploration and production company, announced that, further to the signing of definitive documentation as announced on 19 April 2022, the transaction enabling Harbour Energy plc to exit and Navitas Petroleum LP through its UK subsidiary to enter the North Falkland Basin with a 65% stake in, and operatorship of, all of Rockhopper’s North Falkland Basin licences, has completed.

Nuformix (NFX), a pharmaceutical development company, announced the following update regarding the Company’s NXP002 programme, a proprietary new form of tranilast, being developed as a novel inhaled treatment for Idiopathic Pulmonary Fibrosis.

Author @ZaksTradersCafe

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