Reabold Resources (LSE:RBD) fell 7.1pc to 0.65p this morning after announcing that severe rainfall has forced it to change its drilling schedule in California. In an operations update, the firm said Integrity Management Solutions, its US contract operator, has told it that access to its Monroe Swell drilling site has been hindered, preventing it from…
Shares in Echo Energy (LSE:ECHO) dived 12pc this morning after the Latin America-focused business announced that Fiona MacAulay will be stepping down as its chief executive. MacAulay, who was appointed chief executive in June 2017, will move to a non-executive director role at the business from the end of this year. In her place, the…
Amerisur Resources (LSE:AMER) was up 20% in early trading this morning after announcing drilling had reached the targeted Lower Sands (LS3) at the Indico-1 well. Initial analysis indicates that a 283 feet gross, 209 feet net, oil column is present in the LS3 formation with no Oil-Water-Contact (OWC) detected in the wireline logs acquired to…
Ophir Energy (LSE:OPHR) advanced 2pc to 33.8p this morning following a mixed update that saw it announce one gas discovery and one dry well across its assets in South East Asia. The business said that the Paus Biru-1 exploration well at its 45pc-owned and operated Sampang production sharing contract (PSC) in Indonesia encountered c.29m of…
Versarien PLC (LSE:VRS) released its interim results on Thursday, reporting a 19% increase in group revenues in the six months to September compared with H1 in 2017. Although revenues were up to £5.22m (from £4.38m in H1 2017), losses remained stable at £780k, a slight increase on the same period last year. The advanced engineering…
Bidstack Group (LSE:BIDS) announces the signing of an advertising contract with Codemasters (LSE:CDM) today. Bidstack is a provider of native in-game advertising across the global video games industry. Its proprietary technology is capable of inserting adverts into natural advertising space within video games across various platforms. The key benefit of native in-game advertising over non-native…