Top 5 Most Read RNS's on Vox Markets for Monday 15th May 2023
Episode 1420, May 15, 2023, 06:50 AM
Top 5 Most Read RNS's on Vox Markets for Monday 15th May 2023
1. Vast Resources #VAST - Company Update
As announced on the 16 May 2022, the totality of the debt owed to Mercuria and Alpha (currently approx. £7.3m) was due to be repaid on or before Monday 15 May 2023. The Company is currently concluding documentation regarding an extension to 30 June 2023 that will allow the necessary time to finalise the settlement of the historic claims in Zimbabwe.
The Company can confirm that Andrew Prelea, the Company’s Chief Executive Officer, is currently in Zimbabwe as the Company finalises the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court Order in the Company’s favour.
2. Premier African Minerals #PREM - Funding of Ongoing Zulu Plant Optimisation
The Board of Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce a placing today to raise £1,759,500 before expenses at an issue price of 0.925 pence per new ordinary share for the ongoing Zulu Lithium and Tantalum Project ("Zulu") Pilot Plant Optimisation.
The Company is also pleased to report that the plant is now producing concentrate from both the spodumene and mica floatation circuits.
3. Angus Energy #ANGS - Saltfleetby Field: Production Ramp Up
Angus Energy announce that, as planned, the second compressor at Saltfleetby Field was successfully commissioned in dual compressor mode on 10th May and the 3 producing wells in the field, B2, A4 and the new B7T well, have been flowing gas to the National Grid at the combined average daily rate of 9.5 mmscfd since then.
This represents more than a 75% increase in production over that achieved in the first quarter of this year. As expected, the new B7T well is producing between 4-5 mmscfd through the temporary flowline with stable flow as it continues to clean-up.
4. IOG PLC #IOG - Operational Update
First gas from the Blythe H2 well is still expected to commence by the end of Q2
Production from the Blythe H2 well will be initially ramped up to safely and efficiently manage the production of the resident pipeline fluids into Bacton, then expected to build up to 30-40 mmscf/d (million standard cubic feet) rate post ramp up
The Blythe H1 well is initially planned to be shut in once the H2 well is fully onstream to reduce water production into the pipeline however the H1 well will remain available for production
5. BSF Enterprise #BSFA - Lab-Grown Leather Update and Innovation Award Win
Following the successful expansion of its laboratory and incubator capacity, 3DBT has bio-engineered samples of animal skin tissue, measuring up to 10 by 10 cm in size and between 0.5 mm to 1 mm in thickness.
BSF has engaged with a number of companies within the leather industry in the UK and abroad regarding potential Proof of Concept (PoC) engagements to establish the suitability of the skin product as a sustainable, ethical alternative to traditional leather goods.
1. Vast Resources #VAST - Company Update
As announced on the 16 May 2022, the totality of the debt owed to Mercuria and Alpha (currently approx. £7.3m) was due to be repaid on or before Monday 15 May 2023. The Company is currently concluding documentation regarding an extension to 30 June 2023 that will allow the necessary time to finalise the settlement of the historic claims in Zimbabwe.
The Company can confirm that Andrew Prelea, the Company’s Chief Executive Officer, is currently in Zimbabwe as the Company finalises the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court Order in the Company’s favour.
2. Premier African Minerals #PREM - Funding of Ongoing Zulu Plant Optimisation
The Board of Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce a placing today to raise £1,759,500 before expenses at an issue price of 0.925 pence per new ordinary share for the ongoing Zulu Lithium and Tantalum Project ("Zulu") Pilot Plant Optimisation.
The Company is also pleased to report that the plant is now producing concentrate from both the spodumene and mica floatation circuits.
3. Angus Energy #ANGS - Saltfleetby Field: Production Ramp Up
Angus Energy announce that, as planned, the second compressor at Saltfleetby Field was successfully commissioned in dual compressor mode on 10th May and the 3 producing wells in the field, B2, A4 and the new B7T well, have been flowing gas to the National Grid at the combined average daily rate of 9.5 mmscfd since then.
This represents more than a 75% increase in production over that achieved in the first quarter of this year. As expected, the new B7T well is producing between 4-5 mmscfd through the temporary flowline with stable flow as it continues to clean-up.
4. IOG PLC #IOG - Operational Update
First gas from the Blythe H2 well is still expected to commence by the end of Q2
Production from the Blythe H2 well will be initially ramped up to safely and efficiently manage the production of the resident pipeline fluids into Bacton, then expected to build up to 30-40 mmscf/d (million standard cubic feet) rate post ramp up
The Blythe H1 well is initially planned to be shut in once the H2 well is fully onstream to reduce water production into the pipeline however the H1 well will remain available for production
5. BSF Enterprise #BSFA - Lab-Grown Leather Update and Innovation Award Win
Following the successful expansion of its laboratory and incubator capacity, 3DBT has bio-engineered samples of animal skin tissue, measuring up to 10 by 10 cm in size and between 0.5 mm to 1 mm in thickness.
BSF has engaged with a number of companies within the leather industry in the UK and abroad regarding potential Proof of Concept (PoC) engagements to establish the suitability of the skin product as a sustainable, ethical alternative to traditional leather goods.