£475k funds raised, busy pipeline, capex savings identified for Aje expansion
The natural resources investing company this week announced that it had raised gross proceeds of £475k at a price of 1.5p. This included Director subscriptions totalling £175k. As part of the transaction, 6.67m warrants have been issued with an exercise price of 3p each for a period of two years from admission. The balance sheet has further benefitted from conversion by debt holders, consultants and service providers e
Companies: ADM Energy plc
ADM Energy* 1.7p £2.7m (ADME.L)
Fundraise and Issue of Equity to Raise £475,000 at 1.5p and Business Update by the natural resources investing company. Conditional Issue of 6,666,667 warrants with an exercise price of 3p each for a period of two years from Admission. Subscriptions by five Directors amounting to £175,000 at the placing price. Additional conversion by debt holders, consultants and service providers equating to £228,500 at the placing price. The funds will be used
Companies: SHED AGL ADME AAU KIBO MKA ORPH SEE SGI
Market update - 15/11/2021
Companies: XOP ADME KIST
No Joiners Today.
Arrow Global has left the Main Market following a takeover.
St Peter Port Capital has left AIM after entering a solvent members' voluntary liquidation of the Company.
What’s cooking in the IPO kitchen?
Light Science Tech Holdings, the controlled environment agriculture technology and contract electronics manufacturing Group to join AIM. Raising £5m. Expected mkt cap £17.4m. Due 15 Oct.
Harmony Energy Income Trust to join the Specialist Fund Segment of the Main M
Companies: CZA ADME AAU GAL GGP IQE PCIP YOU
Market update - 12/10/2021
Companies: ADM Energy plc (ADME:LON)President Energy PLC (PPC:LON)
Aje field lifting
On September 30th 2021 ADM Energy published FY Dec20 and HY Jun 21 results. We have published research on this which is attached and a snapshot of the research is below.
ADM Energy recently announced final results for FY Dec 2020 and its interim report to June 2021. The full year numbers reflected earlier guidance with revenue at £0.8m (2019: £2.5m), reflecting the decision not to participate in the 13th lifting in March 2020, a lower oil volume lifted from the FPSO as well as a l
H1 2021 results
Made Tech Group (MTEC.L) has joined AIM, a provider of digital, data and technology services to the UK public sector. Founded in 2008 and now with a headcount of over 240 across four UK locations (London, Manchester, Bristol and Swansea), Made Tech provides services that enable central government, healthcare and local government organisations to digitally transform. The Company works directly with public sector clients to drive the digital transformation of citizen services, creating eff
Companies: 7DIG ADME GTC PYC SAVE WAND
FY 2020 results
What’s cooking in the IPO kitchen?
Oxford Cannabinoid Technologies Holdings Plc to IPO onto the Standard List. They are a pre-revenue pharmaceutical company with an objective to develop cannabinoid-based prescription medicines approved by regulatory agencies including the US Food and Drug Administration, the European Medicines Agency, and the Medicines and Products Healthcare Regulatory Authority. Their drug development strategy includes the development of proprietary cannabinoid derivatives, n
Companies: ADME CCS EUA ITX KAPE NSCI N4P PURP SBI
What’s cooking in the IPO kitchen?
SpectrumX Holdings, a leader in proprietary formulations of HOCL (Hypochlorous Acid), is expected to list on the London Stock exchange. This Pre-IPO offering outlines opportunities for commercialisation of novel formulations of HOCL in the healthcare and pharmaceuticals markets. SpectrumX is focused on developing an inhaled respiratory treatment with blockbuster potential and has a sanitiser product that looks set to generate significant near-term revenues.
Companies: ADME EDR EMR EMAN IOG MAB1 ALNOV ORPH SECN VTU
Research Tree provides access to ongoing research coverage, media content and regulatory news on ADM Energy plc.
We currently have 45 research reports from 7
Phoenix copper today announces an update on its deep drilling program below the proposed Empire oxide open pit resource and into the deeper sulphide zone. Phoenix is roughly 1/4 the way through a 4,500m drilling programme and has once again shown that high-grade zones of copper, zinc and lead sulphide mineralisation exist, nearly always associated with gold and/or silver and often with elevated concentrations of tungsten and molybdenum.
Companies: Phoenix Copper Ltd. (United Kingdom)
Companies: IOG PLC
GBA project update, board & management changes
Companies: Jersey Oil & Gas PLC
Wentworth Resources has announced a MOU with Vitol for the development of new community-focussed carbon credit programmes in Tanzania to partially offset the impact of its emissions footprint at Mnazi Bay. While Wentworth has one of the lowest Scope 1 and Scope 2 intensities of any UK-Listed E&P company (0.42kg/CO2 boe in 2020), it recognises that it must take continuous action to minimise its impacts for their stakeholders. Wentworth has committed to offsetting all Scope 1 and Scope 2 emissions
Companies: Wentworth Resources PLC
While the outcomes of COP26 are mixed, we think that the watering down of ambition on coal power is positive for negative emission technologies and the moves to phase-out fossil fuel subsidies potentially makes green hydrogen more competitive. Broader support for clean energy and efficiency helps and annual monitoring is likely to ensure that support develops to the benefit of the sector. Policy remains an essential part of the clean energy mix especially in its ability to create or mitigate inv
Companies: ADN DRX GSF ITM NESF PHE SAE SIT STRLNG TLG VLS
• Current production of 11,775 bbl/d (down from ~14,200 bbl/d in early October) reflects the natural decline and potential completion flow restriction at Well-8H which had IP rate of ~7.7 mbbl/d 2 months ago).
• First oil for Well-9H has been delayed by three weeks to the first week of December due to operational issues and the need to drill a sidetrack. As a result, the 4Q21 production guidance has been reduced from 16.0 16.5 mbbl/d to 12.5-13.5 mbbl/d and the expected average production in Dec
Companies: PetroTal Corp.
Jersey Oil & Gas has announced that it has recomposed its leadership team with immediate effect. Les Thomas, formerly Non-Executive Director, has assumed the role of Non-Executive Chairman. Graham Forbes has been appointed CFO. Richard Smith has been appointed Chief Commercial Officer. Les Thomas and Graham Forbes previously served, respectively, as the CEO (2013-2020) and CFO (2010-2020) for Ithaca Energy. Richard Smith spent ten years in various senior roles also at Ithaca Energy. We believe t
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.
SolGold (“SOLG”) has published the first partial assay results from its drilling programme at the Varela target on the Rio Amarillo concession, 35km from the flagship Cascabel project. Hole 1 has been assayed to a depth of 1,052m, revealing an intercept of 72m @ 2.16 g/t Au from 639.7m, including 24m @ 5.77 g/t Au. More interestingly assay results are pending from 1,052m to 1,708.1m (EOH) where free gold and porphyry mineralisation have been identified. Intersections of porphyry style mineralisa
Companies: SolGold Plc
Against the backdrop of the 26th UN Climate Change Conference of the Parties (COP26) we take a closer look at the rapidly developing technology and industries surrounding the evolution of the so-called hydrogen economy. Hydrogen is an energy vector or fuel that is capable of storing, transforming and transporting energy with zero emissions at the point of use. It can also be made by renewable energy sources. It is also the most abundant element in the universe accounting for some 75% of all matt
Companies: STA CZA 1PG AFC CWR CHAR EQT GTC HAYD IGAS ITM ORCP PPC RCDO RIO SNT TOU UKOG WG/
• 3Q21 cash flow of US$7.7 mm and production were in line with our expectations. The FY21 guidance (production and capex) has been reiterated.
• 3Q21 net sales in Morocco were 5.3 mmcf/d, down from 6.2 mmcf/d in 1Q21 (in line with expectations) due to some customers completing maintenance and others customers cutting back production (and therefore gas consumption) due to the worldwide semi-conductor shortage.
• South Disouq production was 45.5 mmcf/d near the top end of the FY21 production guid
Companies: SDX Energy PLC
Companies: Atlantic Lithium Limited.
Harland & Wolff (H&W) has raised £8.2m gross through a placing and PrimaryBid at 20p to secure its next stage of growth. Over the past two years, H&W has acquired a series of strategically important assets across the UK, and is proceeding to convert its pipeline opportunities into contracts. The positive recent announcement that DAERA would award the full marine licence for Islandmagee represents a significant milestone in allowing H&W to monetise this asset, with management estimating that sale
Companies: Harland & Wolff Group Holdings PLC
Q3 2021 results
Companies: Arrow Exploration Corp.
Companies: Ferrexpo plc