Small caps news round-up

Mineral exploration and production company Red Rock Resources updated the market on its programme at the Shoats Creek Field in Louisiana on Wednesday, including the identification of a low-cost recompletion opportunity at the LM19 well. The AIM-traded firm reiterated that there have been development delays since production began earlier this year, and the original spud date for the LM21 was not met.

Exploration company 88 Energy issued an extensive update on its operations at Project Icewine on Wednesday, including its securing of additional acreage. The AIM-traded firm said processing has been completed for the official award of 172,937 acres successfully bid on in the State of Alaska November 2015 Licensing Round.

Canadian oil company Bankers Petroleum confirmed on Wednesday that it has resumed its usual operations, following the commencement of export activities at the Petrolifera Italo Albanese Terminal port facility near Vlore, Albania on 7 June. The AIM-traded firm said that over the past six days, or curtailed production by around 4,000 barrels of oil per day within the Patos-Marinza oilfield due to a lack of storage.

Boohoo.com, an online fashion retailer, raised its full year sales guidance on Wednesday after reporting a 41% year-on-year rise in first quarter revenue to £58.2m. In a trading update the British retailer said it now expects annual sales growth of between 25% and 30%, compared to an initial estimate of about 25%, following a solid first quarter.

Travel and leisure company Minoan Group revealed some positive progress with its controversial large Crete development on Wednesday, with news that appeals to its planning consent will take place in July. The AIM-traded company said the Greek Council of State - its supreme administrative court - has set an early hearing of the appeals against the Presidential Decree granting the consent.