Arc Minerals (LSE:ARCM) dipped 2.3pc to 3.2p today despite reporting higher-than-expected cobalt grades in the latest round of drilling at its flagship Zamsort project in Zambia. The business drilled numerous short holes at the oxide portion of Zamsort’s Kalaba cobalt-copper prospect to confirm the grade of material intended for processing at its commercial-scale demonstration plant…
Several junior oil and gas firms enjoyed a lift this morning on the news that Wick and Colter – two highly-anticipated offshore UK wells – have been cleared for drilling by a critical British regulatory authority. Corallian Energy, operator of the prospects, said the Offshore Petroleum Regulator for Environment and Decommissioning has advised the Oil…
Shares in Jersey Oil and Gas dipped 0.8pc to 178.5p this morning after the business announced a further delay in the drilling of its much-anticipated North Sea Verbier discovery. In an update, the firm said an appraisal well at the North Sea-based site is now expected to spud in the first quarter of 2019, rather…
Suspended social media player MySQUAR (LSE:MYSQ) shocked investors today with the news that around £900,000 has left the business without approval. The Myanmar-focused firm said the money appears to have been paid to either third parties or former directors without being signed off by either its board or remuneration committee. MySQUAR made the discovery after…
Virtual reality (VR) business Immotion Group (LSE:IMMO) rose 4pc to 9.9p today after revealing a variety of new sites and partnerships that are expected to increase its headset count by more than 80pc. The firm, which has a market cap of £18.6m, has secured concession partnerships with Rank Group in the UK and Al Hokair…
Anglo African Oil & Gas (LSE:AAOG) dropped 4.3pc to 7.6p this morning after announcing the temporary suspension of drilling at its key well on the Tilapia field in the Republic of the Congo. The company, which now sits below its 8p placing price in June, said it found that two parts of the rig being…