Small Caps News
Ariana Resources granted new operational licence
Turkey-focussed exploration and development company Ariana Resources announced the grant of a new operational licence, and the final results of a recent drilling campaign completed at its Salinbas Gold Project on Thursday.
Katoro Gold agrees term sheet for disposal of Reef Miners
Tanzania-focussed gold and nickel exploration and development company Katoro Gold has agreed a term sheet with Lake Victoria Gold, it announced on Thursday, covering the disposal of its wholly-owned subsidiary Reef Miners, which owns the Imweru gold project and the Lubando gold project in northern Tanzania.
Cluff and Shell UK complete seismic survey over Pensacola
Natural resource investment company Cluff Natural Resources announced on Thursday that, alongside its operating partner Shell UK, it has completed a broadband 3D seismic survey extending to about 420 square kilometres over the Pensacola Prospect on licence P2252 in the Southern North Sea.
Falcon Oil & Gas upbeat on approval at Kyalla
Falcon Oil & Gas announced on Thursday that the environmental management plan for the Kyalla 117 N2 horizontal appraisal well, for the planned 2019 drilling, stimulation, and well testing prepared by Origin Energy B2 on behalf of the joint venture, has been approved by the Northern Territory Department of Environment and Natural Resources in Australia.
Tekcapital profits leap as portfolio gains value
Tekcapital shares climbed on Thursday as interim revenue and profit soared on the back of an increase in the value of the company's investment portfolio.
Getech revenues slide following cutbacks to geoscience services unit
AIM-listed group Getech expects interim revenues to slide following the downsizing of its geoscience services unit.
CMC Markets sees annual profits ahead of analyst ranges
Online trading company CMC Markets said on Thursday that net operating income and pre-tax profit for the year to the end of March 2020 are expected to be "marginally" ahead of the upper end of analysts' ranges.
Secure Property nets EUR 2m as Victini sale goes through
South eastern Europe-focussed property company Secure Property Development & Investment announced the completion of the sale of its Victini Logistics property in Greece to Brook Lane Capital on Thursday.
Botswana Diamonds renews prospecting licences in central Kalahari
Africa-focussed explorer Botswana Diamonds has renewed two prospecting licences held by a wholly-owned subsidiary for an additional two years.
Arcontech Group profits soar as existing customers splash out
Arcontech Group shares jumped on Thursday as the company reported that its annual profits almost doubled on the back of higher sales to existing customers.
Revenue and earnings fall in 'first half pause' at Sopheon
Management software and services provider Sopheon reported a fall in revenue to $13. 7m in its first half on Thursday, from $15. 9m a year earlier.
Columbus Energy progressed carbon dioxide pilot at Inniss-Trinity
Trinidad-focussed oil and gas producer Columbus Energy Resources updated the market on the Inniss-Trinity Incremental Production Service Contract on Thursday, reporting that work was continuing with Predator Oil & Gas to advance the carbon dioxide pilot project.
SDX Energy makes solid development progress as it swings to loss
North Africa-focussed oil and gas company SDX Energy reported net revenues of $25m (£20. 62m) in its first half on Thursday - a year-on-year improvement of 4% - with higher production reportedly compensating for lower net realised average oil and service fees of $57 per barrel of oil equivalent, down from $62 per barrel in the first half of 2018.
Reabold increases investment in Rathlin with £1m contribution
Upstream oil and gas investment company Reabold Resources has increased its investment in Rathlin Energy UK - the operator of the West Newton field - through participation in an advanced subscription agreement, it announced on Thursday.
SimiGon awarded blanket purchase agreement from US Air Force
Simulation and training solutions firm SimiGon has been awarded a blanket purchase agreement from the United States Air Force for the supply of its virtual and mixed reality systems.
Eco Animal Health chairman steps down
Animal pharmaceuticals developer Eco Animal Health announced on Thursday that non-executive chairman Richard Wood has stepped down with immediate effect.
Laura Ashley swings to loss as home furnishings division struggles
Laura Ashley said on Thursday that it swung to a full-year loss as sales fell amid weakness in the home furnishings business.
Galileo Resources to apply for mining permit for Zambia zinc project
Galileo Resources is set to apply for a mining permit for its Star Zinc Project near Lusaka, Zambia, after completing an initial inferred resource estimate on Wednesday that supported its initial estimates.
Randall & Quilter subsidiaries complete several new programme partnerships
Randall & Quilter Investment Holdings announced on Wednesday that its wholly-owned subsidiaries, Accredited Surety and Casualty Company (Accredited US) and Accredited Insurance Europe, had recently completed a number of new programme partnerships as they continued to deliver on their objective of being the “partner of choice” for managing general agents requiring high-quality licenced European and US insurance capacity.
Regal Petroleum upbeat on latest reserves report from VAS
Oil and gas exploration and production company Regal Petroleum updated the market on the reserves and contingent and prospective resources at its wholly-owned and operated Vasyschevskoye (VAS) gas and condensate licence in Ukraine on Wednesday.