The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Angus Energy PLC - UK-focused onshore oil and gas developer - Says second quarter production is 6.48 million therms of natural gas and 10,478 barrels of condensate. The period saw no major planned maintenance activities of production critical equipment, with only minor servicing of the two compressor engines carried out.
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Croma Security Solutions Group PLC - Whiteley, England-based security services provider - Receives the next instalments of the deferred consideration relating to the sale of Vigilant Security Ltd, announced in June 2023. Payments of £1.8 million have been received.
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Thor Energy PLC - exploration company, which has prospective projects in Australia and the US - Says drilling has commenced at Alford West copper in-situ recovery project, in South Australia. This project is held by EnviroCopper Ltd, in which Thor holds 26% interest. The drilling programme comprises three water bores for hydrogeological baseline assessment, and subsequent push-pull and tracer testing as part of the first phase of ISR site environmental Lixiviant trials. The programme is the first step in assessing whether Alford West orebodies are amenable for sustainable recovery of copper using ISR.
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Echo Energy PLC - Latin America-focused exploration company - Announces results of metallurgical testing of gold samples from mining shafts at the Tesoro gold concession in Peru, held by Echo’s 50%-owned Peruvian joint venture, Boku Resources SAC. Says two composite samples taken from two main shafts returned high gold grade values of 21.36 grammes per tonne and 13.13 g/t. Chief Executive Stephen Birrell says: ‘These are excellent metallurgical results which confirm our understanding of the richness of the veins at Tesoro and keep us on track for production later this year.’
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Great Southern Copper PLC - Chile-focused copper, gold, and lithium explorer - Signs a purchase option agreement for the Cerro Negro exploitation concessions. Next steps are for GSC to start drilling at the Mostaza mine following completion of permitting approval process. GSC says due diligence research suggests that the style of high-grade copper-silver-gold mineralisation seen at Mostaza is consistent with the upper high-sulphidation zones of porphyry copper type deposits. GSC calls agreement an ‘important milestone’.
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Science in Sport PLC - London-based performance nutrition product company - Raises £500,000 via oversubscribed retail offer. In total, company raises £8.5 million including placing and subscription.
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88 Energy Ltd - Alaska-focused oil exploration company - Starts 2D seismic acquisition programme for petroleum exploration licence 93 over the Owambo Basin, Namibia. 88 Energy earns an initial 20% working interest in PEL 93 by funding the seismic programme. Completion of the programme is expected in the third-quarter.
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Caspian Sunrise PLC - Kazakhstan-focused oil and gas exploration and production company - At Well 155 says oil has now flowed for the past 10 days. At Well 803, says oil has been detected over a 60 meter interval between 3,360 meters and 3,420 meters, above expectations and also above the main salt layer. Testing continues over an interval now extended to 15 meters.
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Syncona Ltd - London-based life science investor owns a diversified portfolio of companies spanning across clinical stages - Portfolio company Spur Therapeutics completes enrolment in the phase I/II GALILEO-1 clinical trial of FLT201, its adeno-associated virus gene therapy candidate for Gaucher disease. Based on the encouraging data from this trial, Spur selects a single infusion of FLT201 at a low dose for its phase III trial expected to start in financial 2025. Company says it continues to be ‘highly encouraged’ by the data coming from the FLT201 programme in Gaucher disease.
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Deltic Energy PLC - London-based natural resources investor, focused on assets in the southern North Sea - Accepts one of the two licences that were provisionally awarded by the North Sea Transition Authority in tranche 3 of the UK’s 33rd offshore licensing round. Licence P2672 is located immediately to the west of the West Sole gas field and covers blocks 47/5e, 47/10c and 48/6c and contains the Pharos and Teviot discoveries.
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GCP Asset Backed Income Fund Ltd - Jersey-based investment company - Receives repayment in full of around £10.1 million outstanding under a loan secured against a development stage residential development in Ireland. The original maturity of the loan was December 2024 but was brought forward by agreement with the company. This is in line with forecasts.
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