Top 5 Most Read RNS's on Vox Markets for Wednesday 8th March 2023
Episode 1239, Mar 08, 2023, 07:53 AM
Top 5 Most Read RNS's on Vox Markets for Wednesday 8th March 2023
5. Amigo Holdings #AMGO - General Meeting Statement
Given the higher acquisition cost per loan of the guarantor product and the higher conversion rates for the non-guarantor product, the decision has been taken to temporarily pause the guarantor loan offer. The Board remains confident in the long-term viability of the guarantor model.
Capital Raise
While conversations with potential investors to underwrite a £45m equity raise continue, Amigo has yet to secure the full amount required and the situation remains extremely challenging.
4. Zephyr Energy #ZPHR - Paradox project update
Zephyr Energy provide an update on operations on the State 36-2 well and the State 16-2 well at the Company's flagship project in the Paradox Basin, Utah, U.S.
The Company has now finalised its planning for the completion and production testing of the well's fractured reservoir interval. All services have been procured, with operations expected to start in the next two weeks when a service rig will be mobilised to site.
3. Predator O&G #PRD - Settlement Agreement with Challenger Energy
Highlights
· Fully termed long-form legal documentation for the conditional acquisition of 100% of the issued share capital of T-Rex Trinidad Limited ("T-Rex") entered into.
·Technical due diligence completed to support independent Competent Persons Report.
· Predator and T-Rex are a natural fit for a miscible CO2 enhanced oil recovery project ("CO2 EOR")
2. Poolbeg Pharma #POLB - POLB 001 patent portfolio strengthened
Key highlights
· Patent granted for use of certain p38 MAP kinase inhibitors for the treatment of hypercytokinaemia
· Allows for use in combination with an antiviral agent
· Patent enhances the robust IP portfolio protecting Poolbeg's growing pipeline
1. Angus Energy #ANGS - Saltfleetby Drilling and Operations Update
Angus Energy announce that the second compressor is now fully commissioned and processing gas for export. Well completion continues on the sidetrack well SF7V with clean-up work awaiting coiled tubing due in late March. The intervening time window offers a useful opportunity to perform regular maintenance on the first compressor.
5. Amigo Holdings #AMGO - General Meeting Statement
Given the higher acquisition cost per loan of the guarantor product and the higher conversion rates for the non-guarantor product, the decision has been taken to temporarily pause the guarantor loan offer. The Board remains confident in the long-term viability of the guarantor model.
Capital Raise
While conversations with potential investors to underwrite a £45m equity raise continue, Amigo has yet to secure the full amount required and the situation remains extremely challenging.
4. Zephyr Energy #ZPHR - Paradox project update
Zephyr Energy provide an update on operations on the State 36-2 well and the State 16-2 well at the Company's flagship project in the Paradox Basin, Utah, U.S.
The Company has now finalised its planning for the completion and production testing of the well's fractured reservoir interval. All services have been procured, with operations expected to start in the next two weeks when a service rig will be mobilised to site.
3. Predator O&G #PRD - Settlement Agreement with Challenger Energy
Highlights
· Fully termed long-form legal documentation for the conditional acquisition of 100% of the issued share capital of T-Rex Trinidad Limited ("T-Rex") entered into.
·Technical due diligence completed to support independent Competent Persons Report.
· Predator and T-Rex are a natural fit for a miscible CO2 enhanced oil recovery project ("CO2 EOR")
2. Poolbeg Pharma #POLB - POLB 001 patent portfolio strengthened
Key highlights
· Patent granted for use of certain p38 MAP kinase inhibitors for the treatment of hypercytokinaemia
· Allows for use in combination with an antiviral agent
· Patent enhances the robust IP portfolio protecting Poolbeg's growing pipeline
1. Angus Energy #ANGS - Saltfleetby Drilling and Operations Update
Angus Energy announce that the second compressor is now fully commissioned and processing gas for export. Well completion continues on the sidetrack well SF7V with clean-up work awaiting coiled tubing due in late March. The intervening time window offers a useful opportunity to perform regular maintenance on the first compressor.