Energy News Today

Silence Therapeutics PLC, SDX Energy Plc, Custodian REIT PLC

Silence Therapeutics PLC (LON:SLN) announced it has formally filed the documentation ahead of its listing in the US as it provided an update on the progress of its drug pipeline, financial position and new hires.

Frontier IP PLC (LON:FIPP) said one of its portfolio companies was making “significant progress” developing a COVID-19 vaccine for animals. The approach pioneered by The Vaccine Group (TVG) would stop the disease jumping from one species to another and spilling over to humans.

The exclusivity period between the joint developers of the Billingham Energy waste gasification and power plant has been extended again, EQTEC PLC (LON:EQT) said.

Clear Leisure PLC (LON:CLP) shares shot higher after it said an agreement had been reached with the Mediapolis receiver regarding the transfer of Mediapolis auction funds to the company’s subsidiary.

Benchmark Holdings PLC (LON:BMK) said it has completed the sale of Improve International Limited, a provider of professional development training for vets, as part of its strategy to exit its non-core activities.

SDX Energy Plc (LON:SDX) highlighted its positivity in Egypt and Morocco following analysis of recent well results. Management estimates Sobhi will generate around US$25mln of cash flow to SDX (undiscounted, post-tax, after capex).

i3 Energy Plc (LON:I3E) has exercised its option to acquire producing assets in Canada, picking up all of the issued and outstanding common shares of Toscana Energy Income Corporation (TEIC). The acquired assets produced an average of 1,065 barrels of oil equivalent per day (hoped) net to generate C$5.5mln of field net back.

Canadian Overseas Petroleum Ltd (LON:COPL) has raised £700,000 of new capital with a share placing with three investors. The cash injection will be used to cover working capital and allow the company to focus on the OPL 226 asset in Nigeria.

AFC Energy PLC (LON:AFC) said it continues to make good progress with the development of AlkaMem, its technology for electricity production from alkaline fuel cells.

Coinsilium Group Limited (LON:COIN) said its investee company, Factom Inc, had filed for reorganisation under Chapter 11 Subchapter V to address structural issues preventing them from raising further capital.

Custodian REIT PLC (LON:CREI) said property yield currently stand at the highest premium ever to government bonds as it reported its full-year results to March.

Bushveld Minerals Limited (LON:BMN) moved higher on Tuesday as the miner retained its production guidance for 2020 despite disruption to its operations from the coronavirus pandemic.

Live Company Group PLC (LON:LVCG) has reported lower losses following what the firm said was a “transformational” year for its business. For the year ended December 31, 2019, the media group reported a pre-tax loss of £1.8mln, lower than the £2.1mln loss in the prior year, while revenues increased to £5.4mln from £4.9mln in 2018.

Oracle Power PLC (LON:ORCP) booked losses of…

Read More: Silence Therapeutics PLC, SDX Energy Plc, Custodian REIT PLC

2020-06-23 14:30:00

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