Top 5 Most Read RNS's on Vox Markets for Tuesday 28th February 2023
Episode 1218, Feb 28, 2023, 07:46 AM
Top 5 Most Read RNS's on Vox Markets for Tuesday 28th February 2023
5. Abingdon Health #ABDX - Trading Update
Revenue of £1.1m for the 6 months to December 2022 (H1 2021: £1.7m) expected to be significantly improved in H2 2023 and FY 2023 revenues are expected to be materially higher than FY 2022 revenues of £2.8m.
At 31 December 2022, the Company had £4.4m cash. Current cash is in line with the Board's expectations. The primary objective of the Board is to move the Company to a breakeven and cash flow positive position which it forecasts will be achieved in FY 2024.
4. Rambler Metals & Mining #RMM - Rambler Announces Strategic Process
Rambler Metals and Mining announced today that its subsidiary have obtained an initial order from the Supreme Court of Newfoundland and Labrador and commenced proceedings pursuant to the Companies' Creditors Arrangement Act.
The Initial Order provides for a stay of proceedings in respect of the Company and authorises the Rambler Canada to continue its business in the normal course during the CCAA Proceedings.
The Company and its board of directors determined, that it was in the best interest of the Company and its subsidiaries to commence the CCAA Proceedings to allow time and stability to develop and implement a sale and investment solicitation process
3. United Oil & Gas #UOG - ASH-8 well update
United Oil & Gas announce an update on the drilling of the ASH-8 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.
- 22 metres of net oil pay interpreted in the primary reservoir target
- Following completion and testing, ASH-8 is expected to be immediately brought onstream through the existing ASH facilities
2. Mobile Streams #MOS - Issue of shares to NFT partners, TVR, Q4 revenues
Mobile Streams announces the issue of shares in relation to the previously announced contracts with the Mexican National and Necaxa football teams as well as the professional golfer Gaby López, in connection with or as part of the transaction consideration.
The Company is pleased to announce unaudited revenues for the three months to 31 December 2022 of US$645,000 (c.£516,000). This represents a year-on-year increase of 243% in revenue when compared to the same period in 2021.
1. Baron Oil #BOIL - Competent Person's Report on the Chuditch PSC
Key Points from the CPR
· Contingent Resources assigned to Chuditch-1 discovery*
· ERCE estimates that Chuditch-1 discovery contains 1,084 Bscf gross Pmean Contingent gas Resources attributable to the licence
· Aggregated gross Pmean Prospective gas Resources attributable to the licence of 1,562 Bscf:
· Oil equivalent Pmean Resources net to the Baron working interest, including the condensate yield, calculated by the Company to be:
o 140 MMboe Contingent for Chuditch-1; and
o 202 MMboe Prospective, when aggregated
5. Abingdon Health #ABDX - Trading Update
Revenue of £1.1m for the 6 months to December 2022 (H1 2021: £1.7m) expected to be significantly improved in H2 2023 and FY 2023 revenues are expected to be materially higher than FY 2022 revenues of £2.8m.
At 31 December 2022, the Company had £4.4m cash. Current cash is in line with the Board's expectations. The primary objective of the Board is to move the Company to a breakeven and cash flow positive position which it forecasts will be achieved in FY 2024.
4. Rambler Metals & Mining #RMM - Rambler Announces Strategic Process
Rambler Metals and Mining announced today that its subsidiary have obtained an initial order from the Supreme Court of Newfoundland and Labrador and commenced proceedings pursuant to the Companies' Creditors Arrangement Act.
The Initial Order provides for a stay of proceedings in respect of the Company and authorises the Rambler Canada to continue its business in the normal course during the CCAA Proceedings.
The Company and its board of directors determined, that it was in the best interest of the Company and its subsidiaries to commence the CCAA Proceedings to allow time and stability to develop and implement a sale and investment solicitation process
3. United Oil & Gas #UOG - ASH-8 well update
United Oil & Gas announce an update on the drilling of the ASH-8 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.
- 22 metres of net oil pay interpreted in the primary reservoir target
- Following completion and testing, ASH-8 is expected to be immediately brought onstream through the existing ASH facilities
2. Mobile Streams #MOS - Issue of shares to NFT partners, TVR, Q4 revenues
Mobile Streams announces the issue of shares in relation to the previously announced contracts with the Mexican National and Necaxa football teams as well as the professional golfer Gaby López, in connection with or as part of the transaction consideration.
The Company is pleased to announce unaudited revenues for the three months to 31 December 2022 of US$645,000 (c.£516,000). This represents a year-on-year increase of 243% in revenue when compared to the same period in 2021.
1. Baron Oil #BOIL - Competent Person's Report on the Chuditch PSC
Key Points from the CPR
· Contingent Resources assigned to Chuditch-1 discovery*
· ERCE estimates that Chuditch-1 discovery contains 1,084 Bscf gross Pmean Contingent gas Resources attributable to the licence
· Aggregated gross Pmean Prospective gas Resources attributable to the licence of 1,562 Bscf:
· Oil equivalent Pmean Resources net to the Baron working interest, including the condensate yield, calculated by the Company to be:
o 140 MMboe Contingent for Chuditch-1; and
o 202 MMboe Prospective, when aggregated