News Release
Europa Oil & Gas still aiming to increase Wressle flow rate
Europa Oil & Gas (Holdings) PLC
Europa Oil & Gas (Holdings) PLC (AIM:EOG) chief executive William Holland speaks to Thomas Warner from Proactive London after the exploration and production company released a production update from its 30% owned PEDL180/182 licence at the Wressle oil field in Lincolnshire. Holland starts by detailing the journey from introducing a jet pump in November, which technically enabled a production potential of over 1,000 barrels a day, to achieving a stable production rate of 550 barrels daily. This stability, however, was initially constrained by the surface pump's operation and water handling capacity. Addressing the challenges of water production, a common occurrence in oil wells, Holland explained the necessity of the jet pump. It was installed to manage the increased hydrostatic pressure caused by water, thereby maintaining oil flow. Despite the pump's effectiveness in boosting oil production, limitations arose due to the lack of adequate facilities for water disposal. A breakthrough came with the Environment Agency's permit, received on December 14th, allowing for proper water disposal. This development has enabled Europa Oil & Gas to gradually increase production rates, currently around 680 barrels per day, with an emphasis on cautious reservoir management and optimisation. Holland emphasises the importance of balancing water handling, avoiding additional water production, and adhering to gas flaring limits. The company aims to increase production further, with careful consideration of reservoir health and maximising recovery rates. The CEO also touched on Europa Oil & Gas’s other ventures, particularly the Cloughton project. He hinted at potential announcements regarding new drilling locations in collaboration with the Duchy of Lancaster. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
December 19, 2023 07:40 AM Eastern Standard Time
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Libertine Holdings now "all about sales" after period of technical focus
Libertine Holdings PLC
Libertine Holdings PLC (AIM:LIB) chief executive Sam Cockerill speaks to Thomas Warner from Proactive after the linear generator technology developer released its interim results for the six months to 30 September. Cockerill highlights key achievements in the past six months, Cockerill mentions the successful completion of work with Hyliion on the KARNO powertrain using Libertine's HEXAGEN platform. He also notes ongoing collaborations with Ashok Leyland for heavy-duty hybrid powertrain applications. These projects have significantly shaped the company's technology roadmap, focusing on performance and durability improvements for future partnerships set to commence in 2024. Cockerill emphasises the importance of customer insights in guiding Libertine's investments and product development, particularly in aligning their linear generators' performance with the durability, efficiency, and control requirements of upcoming development programs. Addressing shareholder concerns, Cockerill reassured that despite financial constraints, Libertine is in its strongest position regarding technological performance. The first half of the year's investments have convincingly demonstrated their technology's potential to major OEMs, particularly in distributed power generation and transport applications. For 2024, Libertine aims to translate its technical developments into commercial sales and revenue, focusing on ongoing discussions with OEMs and research organisations interested in their platform technology for combustion research applications. Cockerill expresses optimism about these partnerships driving sales and fostering technological advancements. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
December 19, 2023 07:29 AM Eastern Standard Time
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Redx Pharma CEO reports "good progress across the board"
Redx Pharma PLC
Redx Pharma PLC (AIM:REDX) CEO Lisa Anson speaks to Thomas Warner from Proactive after the clinical-stage biotechnology company released its final audited results for the year to 30 September. Anson discusses the company's performance in 2023 and outlined its plans for 2024. She highlights the successful launch of a Phase 2 program for lead asset Zelasudil, aimed at treating idiopathic pulmonary fibrosis, a challenging lung condition. Additionally, Anson touches upon another promising asset targeting the same mechanism, which is poised to enter clinical trials next year following extensive preclinical work. On the financial front, despite a challenging year, Redx Pharma successfully raised £14.1 million, ensuring funding through September 2024. This financial stability is crucial for achieving key milestones, which Anson believes will be pivotal for the company's growth. Looking ahead to 2024, Anson anticipates significant developments, including the release of Phase 2 data in idiopathic pulmonary fibrosis and resolving FDA regulatory issues in the first half of the year. Moreover, the company aims to initiate a Phase 1 study for its RXC008 (ROCK) asset, which would ne the sixth time Redx Pharma has brought a drug into clinical trials. In addition to these advances, Redx Pharma is also focusing on kidney fibrosis and oncology programs, with plans to progress these into clinical stages by 2026. Anson also emphasises the potential for new partnerships, particularly in advancing their oncology program for GI cancers, highlighting Redx Pharma's strategic approach to collaboration and development. This interview underlines Redx Pharma's significant strides in 2023 and sets a promising outlook for 2024, positioning the company as a key player in the pharmaceutical industry. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
December 19, 2023 07:25 AM Eastern Standard Time
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Pantheon Resources sitting on "enormous potential" - Proactive Research Analyst
Pantheon Resources PLC
Proactive research analyst Manos Halicioglu speaks to Thomas Warner from Proactive after publishing a research note on North Slope of Alaska-focused oil & gas company Pantheon Resources, which has 100% working interest in 153,000 highly prospective acres with potential for multi billion barrels of oil recoverable. Halicioglu says Pantheon Resources has been making headlines with its Kodiak and Ahpun oil projects, covering an impressive 160,000 acres and boasting an estimated 1.481 billion barrels of recoverable oil. The company's 100% working interest and commitment to sustainable development are key factors in their strategic growth trajectory. They aim for a market value of $5-10 per barrel by 2028, supported by a substantial $25 billion phased investment. Halicioglu notes an anticipated 337% return, translating to an impressive annual rate of around 34% in the competitive oil and gas sector. Pantheon's consistent revenue growth and robust asset base, coupled with strategic investments and financial acumen, position them strongly in the $5.3 trillion global oil and gas exploration and production market. However, risks such as liquidity challenges and broader market dynamics like regulatory changes and global economic factors were also discussed. Despite these concerns, Halicioglu says Pantheon's solid financial performance and market position somewhat mitigate these risks. Key to Halicioglu's valuation is the absolute valuation approach, considering intrinsic value for long-term investment analysis. This method offers a comprehensive view of Pantheon's worth, considering its assets, market position, and growth prospects, providing a clear picture for potential investors. For more details, Halicioglu's full report is accessible via a link provided in the interview. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com
December 19, 2023 07:18 AM Eastern Standard Time
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Kodal Minerals CEO reports on "fantastic" 2023 and next steps
Kodal Minerals PLC
Kodal Minerals PLC (AIM:KOD) CEO Bernard Aylward speaks to Thomas Warner from Proactive at the end of a year he describes as "fantastic" for the company and its effort to develop the Bougouni Lithium Project in southern Mali. He says a transformative joint venture with Hainan Mining has fully funded the development of Bougouni, prompting the start of its construction. Kodal also grew its resource base by over 40% due to successful drilling programs, with more exploration work still to come in. He touches on negotiations with Hainan Mining, which were initially expected to be swift but encountered bureaucratic delays. However, with regulatory approvals and restructuring, the deal was finalised in November. Aylward remains optimistic about starting production by late 2024, transitioning Kodal from an explorer to a lithium producer. He stresses the company's consistent communication and strong relationship with shareholders, emphasising the year's transformational impact. Aylward concludes by expressing gratitude for the support since 2016 and anticipated further developments, extending holiday wishes to the interviewer and viewers. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
December 19, 2023 07:12 AM Eastern Standard Time
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ECR Minerals underway with Creswick drill campaign and "taking the business forward"
ECR Minerals PLC
ECR Minerals PLC (AIM:ECR) Managing Director Nick Tulloch speaks to Thomas Warner from Proactive after the mineral exploration and development company announced that a reverse circulation (RC) drilling programme has commenced at the Creswick gold project in central Victoria, Australia. Tulloch highlights the strategic focus on the two prospects areas Davy Road and Kuboid Hill and explains that ECR's approach involves RC drilling to investigate shallow gold deposits, leveraging the local expertise of their technical director and years of analysis. The company's goal is to gather sufficient data demonstrating the economic viability of the site. Tulloch underscores ECR's commitment to reconnecting with the community and investors, emphasising active communication and a focus on utilising company funds efficiently. He reflected on ECR's strategic shift under his leadership, including the decision to opt out of the Hurricane option in favour of more economical alternatives, and the ongoing drilling in Victoria. Investors are eagerly awaiting the drilling results, which Tulloch believes will validate the company's direction and potentially reveal valuable gold deposits. He says "its all well and good to say that we're drilling and we're taking the business forward - I mean that's our job. But another part of our job is also to make sure people are aware of what we're doing and that we're not just sitting behind desks thinking 'this is all very interesting'." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
December 19, 2023 07:08 AM Eastern Standard Time
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Jubilee Metals Group CEO on "one of the most significant weeks" in company history
Jubilee Metals Group PLC
Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF) CEO Leon Coetzer speaks to Thomas Warner from Proactive at the end of a week Coetzer is happy to describe as "one of the most significant" in the metal recovery business' history. Jubilee this week announced a deal with the Abu Dhabi-based International Resources Holding RSC (IRH) to acquire and jointly extract copper from a large waste rock dump in Zambia, where Jubilee aims to produce more than 20,000 tonnes per year of copper using its newly developed modular copper units. Construction of processing units is planned to begin in the first quarter of 2024 and Jubilee said it has the capability to commission within 12 months. The AIM-listed company has also announced a £10mln placing specifically to fund the work. Coetzer emphasises the project's scale, highlighting the opportunity to surpass the company's earlier copper production targets of 25,000 tonnes. Additionally, the successful targeted capital raise, though dilutive, secures Jubilee's fully funded position for accelerated project execution. Coetzer also highlights the significance of this move, reducing the capital burden on Jubilee and positioning the company for a capital-light future with self-funding capabilities. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
December 19, 2023 07:03 AM Eastern Standard Time
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Blockchain Ticketing Platform UTIX Lists Its Token on Uniswap
UTIX
Blockchain ticketing platform UTIX is listing its native token on Uniswap. The UTX token will now be traded onchain via Uniswap’s AMM and from DEX aggregators that utilize Uniswap liquidity. By making UTX tradable on Uniswap, UTIX will increase access to its native token and e-ticketing ecosystem. On December 21st, the UTX token will be added to Uniswap, the leading Ethereum decentralized exchange. A UTX-ETH liquidity pool will be created, and allow users to purchase UTX using ETH and other popular tokens. As an ERC20 token, UTX can be traded non-custodially on Uniswap and through aggregators such as 1inch and DefiLlama Swap. Uniswap has become the first DEX where UTX can be swapped. Its addition follows a recent listing on BitMart, giving holders a choice of centralized and decentralized platforms to trade. In addition to buying and selling the token on Uniswap, UTX holders can add liquidity, allowing them to receive a percentage of swap fees while retaining ownership of their tokens. UTX is at the heart of the e-ticketing platform that UTIX has developed. It aims to solve many of the long-standing problems with event ticketing. The industry is afflicted by touting and price gouging that reward middlemen while pricing fans out of seeing the artists they love. UTIX is creating a digital ticketing ecosystem in which buyers and sellers can exchange tickets through a transparent P2P marketplace. Built on the Ethereum network, UTIX allows event organizers to create fully customizable ticketing solutions. Smart contracts are used to control the sale of tickets, supporting a fair ticketing market that ensures fans aren’t priced out of attending events. The platform is free for event organizers to use, with UTIX charging only a small fee on tickets sold. The UTX token plays a pivotal role in incentivizing the adoption of the UTIX platform and rewarding positive behaviors. Users who purchase tickets on UTIX are rewarded with UTX, which can also be used to earn discounts on future purchases. From the perspective of event organizers, UTIX allows control over the secondary market, preventing touts from reselling tickets for a premium. The use of blockchain also prevents fakes by providing an immutable ledger that tracks legitimate tickets. By abstracting blockchain components, UTIX delivers a web3 platform that feels like a web2 application. This ensures there is no learning curve required to access its e-ticketing solution and to interact with the smart contracts that power it. The addition of UTX to Uniswap will maintain UTIX’s close ties to the Ethereum ecosystem while onboarding new users to its e-ticketing platform. About UTIX UTIX is a blockchain-based online e-ticketing platform that enables event organizers across the world to sell online tickets with minimal hassle and greater control. Powered by Ethereum, UTIX aims to eliminate the efficiencies associated with legacy e-ticketing platforms through the use of smart contracts. Users and event organizers will be unaware they are using the blockchain, yet by harnessing its unique capabilities, UTIX allows full control of event-specific variables that would otherwise be impossible. In addition to eliminating the threat of counterfeits, UTIX provides a way to set the secondary market price for e-tickets, permanently solving the problem of ticket touts who routinely try to sell tickets at a massive markup. Learn more: https://www.utix.us/ Contact Details Avishay Litani pr@marketacross.com
December 19, 2023 07:01 AM Eastern Standard Time
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Why Has The Solana Price Dipped? This New Altcoin Has The Community Buzzing
Total Media
On 9th November we saw Solana hit $77, dipping to $64 on 13th November and currently standing at $72. Many Solana investors ask themselves why the dip happened. Is there a new altcoin that could rise despite the crypto market being down? Solana (SOL): Following the King With Bitcoin reaching the year's high at $44,620, many coins followed its surge. Solana followed with a 38% rise during the last month. Double that of Bitcoin with its 18%: However, the 11th December correction pushed Bitcoin down to $40,500. Although Solana has many benefits of its own, everything that happens with BTC echoes throughout the crypto community. As Bitcoin corrects itself to $40,500, Solana hits $68. We can also see Solana's second dip on the 13th, down to a week low of $64. This matches the Bitcoin price dip back to $40,800. As Bitcoin grows 4.7% today, Solana is up 10.14%. Every altcoin, even Solana, heavily depends on the SEC and ETF resolutions. However, until then, when BTC goes down, Solana will likely follow. Bitcoin, Solana, and other cryptos have fairly tied their fate together. Everlodge (ELDG): A New Altcoin That Surges Independently of Bitcoin There’s a new surging altcoin that isn’t as tied to Bitcoin as Solana and other altcoins. Everlodge is based on real estate and physical properties, making it dependent on real-world income streams instead of price speculation. Everlodge is the Airbnb of crypto. Villas and hotels are minted into fractionalized NFTs sold on an open market. Investors in those properties earn passive income from the renting profits. This feature makes Everlodge more resistant to Bitcoin dips since the passive income remains the same regardless of Bitcoin's price. If Bitcoin were to disappear, Everlodge would still be here shooting passive profits to your wallet. At the same time, Everlodge gains popularity as crypto does as well. Because of the additional interest in the project, Bitcoin's growth makes Everlodge grow as well. This makes Everlodge unique in its feature of benefiting from Bitcoin growth while also avoiding being brought down when Bitcoin is falling. You can purchase fractions of real estate instead of a whole house and still enjoy the perks of being an owner. By holding the ERC-20 token you can even earn free stays in properties across the ecosystem. This approach that guarantees passive income has been hailed by many for its dip-resistant features. While also holding a huge growth potential in the $300 trillion real estate market. Because of these features, analysts are predicting it is going to hit $0.035 during the presale phase and hit x30 at the launch date. It won’t be available at these prices for long as the presale moves forward. Visit the official Everlodge website before these low prices are no longer available. Contact Details Total Media Solutions media@Totalsolutionspr.io
December 19, 2023 07:00 AM Eastern Standard Time
