Small Caps News
Southern Energy preparing for rig to arrive at Gwinville
US-focussed natural gas producer Southern Energy updated the market on its drilling and operations on Friday, reporting that its operating subsidiary had contracted Energy Drilling Company's Rig #15 for the upcoming programme at the Gwinville asset in central Mississippi.
Omega challenges government on repayment after Covid test contract failure
Omega Diagnostics updated the market on its contract with the UK Department of Health and Social Care (DHSC) to provide manufacturing capacity for Covid-19 lateral flow antigen tests on Friday, indicating it was in disagreement with the government on an alleged repayment requirement.
New Insig AI commercial chief Colm McVeigh appointed to board
Insig AI announced on Friday that its chief commercial officer Colm McVeigh has been appointed to its board of directors.
Open Orphan signs contract to test antiviral candidate
Specialist contract research organisation Open Orphan announced on Friday that its subsidiary hVIVO has signed a $13. 4m contract with an unnamed US-based biotechnology company to test its novel antiviral candidate, using the ‘hVIVO Influenza Human Challenge’ study model.
Actual Experience shares tumble after guiding to FY pre-tax loss
Shares in management consulting services company Actual Experience tumbled on Friday after the firm revealed it would incur a pre-tax loss for the twelve months ended 30 September.
DeepVerge subsidiary develops new version of Covid-19 wastewater test
DeepVerge said on Friday that its Modern Water subsidiary has completed the development of its third-generation compact ‘Microtox PD’ Covid-19 detection system, which was now scheduled to launch in the first quarter of 2022.
Pathfinder shares surge as it moves closer to arbitration
Pathfinder Minerals updated the market on its dispute over mining concession 4623C on Friday, reporting that it had “significantly advanced” its preparation to refer the dispute to the International Centre for Settlement of Investment Disputes (ICSID) under the Mozambique-UK Bilateral Investment Treaty.
TruFin's Satago extends commercial pilot with Lloyds, financial benefits delayed
Lender TruFin said on Friday that its Satago Financial Solutions subsidiary had broadened its relationship with Lloyds Bank and extended its commercial pilot.
Genel Energy to file for compensation after Kurdistan Regional Government terminates PSCs
Oil producer Genel Energy issued an update on the Bina Bawi and Miran production sharing contracts on Friday, stating it would file for compensation after receiving formal notices purporting to terminate the contracts from the Kurdistan Regional Government.