Woodbois (WBI), the African focused forestry and carbon credit company, announced the publication of its Integrated Report for the year ended 31 December 2021. The Integrated Report aimed to provide an overview of Woodbois’ strategy, performance, opportunities and future outlook in relation to material financial, and ESG issues.
Empyrean Energy (EME), the oil and gas development company, updated on the completion of post well analysis and entering the second phase of exploration and drilling the Topaz prospect at its 100% owned Block 29/11 permit, offshore China. The company said that in the event of a commercial discovery, its partner, China National Offshore Oil Company, may assume a 51% participating interest in the development and production phase. The second phase of exploration requires the payment to CNOOC of US$250,000 and the work obligation is the drilling of an exploration well within 2 years.
Midatech Pharma (MTPH), an R&D biotechnology company, said that Rolf Stahel, Chairman and non-executive director, intends to retire after the company’s AGM on 20 June 2022. It is expected that Dr. Stephen Parker will be appointed as non-executive Chairman of the Board. MTPH also revealed that investigators from Columbia University Irving Medical Center and New York-Presbyterian will present interim results from their ongoing Phase 1 study on Midatech’s MTX110 in Diffuse Intrinsic Pontine Glioma at The International Symposium on Pediatric Neuro-Oncology next week in Germany.
Sovereign Metals (SVML) reported recent analysis of Kasiya Rutile Project’s graphite co-product, one of the critical raw materials contained with the Kasiya deposit. The company said not only is Kasiya the world’s largest rutile deposit and one of the largest flake-graphite resources, but its latest graphite industry benchmarking also demonstrates the potential for Kasiya to be a globally dominant supplier and low-cost flake graphite producer at scale. The very low graphite production costs at Kasiya should allow Sovereign to compete aggressively on price point across global graphite markets.
Angus Energy (ANGS) updated on the progress of its commissioning schedule at Saltfleetby. The company said that with all equipment necessary to export sales gas now on site, the process has been handed over to commissioning specialists. Whilst the last of the electrical and mechanical tie-ins are being completed early next week, they will continue with hydro testing, nitrogen leak testing, final verification and function testing of all pressure equipment and finally live gas testing with well-head gas.
Light Science Technologies (LST), the controlled environment agriculture group, updated on current trading. The sales pipeline of quoted work is currently over £60m, of which there are forward orders and contracts worth £18m. The sales pipeline continues to grow with a number of factors contributing, including the pressing need for food security and to grow more produce locally, sustainably and energy efficiently.
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