Small Caps
PipeHawk rejected for funding again, intends to reapply
PipeHawk updated the market on its application for Phase 2 H2020 funding to assist with the marketing and distribution of its eSafe product on Friday, after its board advised it was re-submitting at the time of its interim results on 20 March.
Gfinity confirms details of inaugural Elite Series
Esports promoter Gfinity announced the official dates and details of the inaugural Gfinity Elite Series, on Friday, with the event taking place in the summer in London.
Volga Gas investors gather for AGM
Russia-focussed oil and gas exploration and production group Volga Gas updated the market on its activities and operations on Friday, as investors gathered for the company’s annual general meeting.
Horizonte sustainability team making progress at Araguaia
Brazil-focussed nickel development company Horizonte Minerals updated the market on “significant advancements” its sustainability team had made towards the Installation Licence submission for its 100% owned Araguaia Nickel Project, which was being developed as the next major nickel project in Brazil.
Union Jack Oil pleased with Mining Waste Permit variation
UK-focussed onshore oil and gas exploration and production company Union Jack Oil noted an update by Egdon Resources on Friday, regarding the issue by the UK Environment Agency of the variation to the Mining Waste Permit, in respect of the proposed Wressle conventional development, located within PEDL180 and PEDL182, and its associated operations.
Pallinghurst makes unsolicited bid for remaining Gemfields shares
Gemfields advised its shareholders not to take any action on Friday after it received an unsolicited offer from its biggest shareholder, Pallinghurst, for the remaining 52. 9% of the company it doesn't already own.
Magnolia to participate in seven new wells, 11 workovers
US-focussed oil and gas exploration and production company Magnolia Petroleum announced its participation in seven new wells in the prolific SCOOP and STACK plays in Oklahoma on Friday, including five increased density wells which are to be drilled on the same spacing unit as already producing wells, and are therefore deemed to have been significantly de-risked.
Plexus receives purchase order from Aker BP
Oil and gas engineering services business and owner of the POD-GRIP proprietary friction grip wellhead engineering technology, Plexus Holdings, announced on Friday that it has received an initial purchase order from Aker BP which, following the acquisition by Det norske of BP's Norwegian assets, is Norway's largest independent petroleum producer by volume.
Gresham House agrees to buy Hazel Capital
AIM-listed specialist asset manager Gresham House has entered into exclusivity arrangements and conditional heads of terms to acquire Hazel Capital, a UK asset manager of new energy infrastructure, for an undisclosed sum.