Union Jack Oil has announced a commercial discovery at the Moccasin 1-13 well in Oklahoma, hitting several hydrocarbon-bearing zones. The well, 45% owned by Union Jack, is now being fitted with permanent production facilities, with two more zones set for testing.
GraphEnergyTech, an investee of Frontier IP Group, is collaborating with Taiwan Perovskite Solar Corporation, ITRI, and the University of Cambridge to develop more efficient solar panels. Backed by a £884,129 Innovate UK grant, the project aims to use graphene electrodes to replace traditional metal components in solar cells.
Feedback has posted higher revenues and reduced losses for the first half of its financial year. Its Bleepa app for clinicians drove a 43% sales jump to £589,000, while EBITDA losses narrowed to £1.43 million from £1.67 million.
Staffline has started a share buyback of up to £7.5 million after selling its PeoplePlus subsidiary for a net £6.9 million. The deal includes a £2 million deferred consideration, contingent on potential new contracts expected within the next 12 months.
