Aim Bulletin
Ovoca Bio shares plummet after female libido treatment trial fails
Biopharmaceutical developer Ovoca Bio’s shares were plummeting on Thursday, after it released a summary of the top-line results from its phase two dose-ranging study evaluating Orenetide.
Molecular Energies working towards drilling Paraguay well
Molecular Energies updated the market on the Paraguay exploration well on the Tapir x1 site on Thursday, reporting that work towards drilling of the exploration well had continued.
Coro gets £1m from Ion sale, contracts met mast for wind project
South East Asian energy company Coro Energy announced on Thursday that it had received £1m from the sale of Ion Ventures, as well as contracted the meteorological mast for its 100MW onshore Oslob Wind Power Project.
Infrastructure India extends debt facilities as it looks to sell asset
Infrastructure India (IIP) announced an extension to the maturity dates of its debt facilities on Thursday in a bid to allow it more time to sell its biggest asset, with the extension first applying to the term loan originally announced in April 2019.
Block Energy reaches total depth with latest well
Georgia-focussed development and production company Block Energy announced on Thursday that well WR-34Z had reached total depth, and drilling operations had ceased.
Jadestone announces plans to restart production at Montara
Asia-Pacific oil and gas producer Jadestone Energy revealed plans on Thursday to resume production at its Montara facility on 1 September.
i3 Energy revenue, operating income falls in first half
Independent oil and gas company i3 Energy reported a decrease in revenue and operating income in its first half on Thursday, with revenue sliding to £75. 5m net of royalties, down from £101. 6m in the first half of 2022.
Somero still confident despite weak first half
Somero Enterprises reported a decline in first-half revenues on Thursday, but expressed optimism for improved trading in the latter half of the year.