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Share Price Information for TekCapital (TEK)

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Share Price: 9.75
Bid: 9.50
Ask: 10.00
Change: -0.90 (-8.57%)
Spread: 0.50 (5.263%)
Open: 10.50
High: 9.60
Low: 9.60
Prev. Close: 10.50
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TRADING UPDATES: Valeura hits 90 million barrel milestone at Jasmine

Wed, 17th May 2023 14:32

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Valeura Energy Inc - Thailand- and Turkey-focused oil and gas company based in Alberta, Canada - Says it has produced its 90 millionth barrel of oil at its Jasmine oil field, exceeding the seven million barrel expectations set out during its original development in 2004. Says: "In our view, it is exceptional that after having recovered more than 12 times that amount since its first production in 2005, we have verified Proved and Probable reserves of more than 10 million barrels and continue to find opportunities for infill drilling aimed at further reserves replacement. Drilling operations to date in 2023 have both increased production rates and identified new development targets which will form the basis of a work plan for 2024 and beyond."

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Tekcapital PLC - London-based intellectual property investment company - Says portfolio company MicroSalt has expanded the sales of its SaltMe! crisps and MicroSalt shakers into 400 additional stores in the US. Says stores include Brookshire Brothers, Pete's Fresh Market, Heinen's, Dick's Fresh Market, Zerbos, Better Health Market, Tdych's Marketplace and Associated Supermarkets. "We are proud of our efforts thus far to build product distribution as it underscores the retail need for full flavor, low-sodium products. These efforts are working in parallel with our efforts to provide low-sodium products for private-labeled retail brands. Excess sodium consumption is one of the leading contributors to hypertension, and partnerships like this are the best way to provide consumers with great tasting products with less sodium," Chief Executive Rick Guiney comments.

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Tertiary Minerals PLC - Zambia and Nevada, US-focused explorer focusing on energy transition and precious metals - Says soil sampling programme completed at Lubuila Copper Project in Zambia, including additional follow-up sampling based on portable X-Ray Fluorescence results. Says 425 samples collected, targeting two untested areas of Lower Roan Group Sediments, and an historical anomaly in Upper Roan Group Sediments. Says initial results indicate a large open-ended copper-in-soil anomaly over an area of 1,000 metres by 680 metres, with a peak copper value of 306 parts per million and an average value of 125 parts per million. "I am pleased to announce that the first soil sampling programme of the 2023 exploration season was completed efficiently whilst also producing anomalous results in preliminary analysis. The copper-in-soil anomaly identified in Area C is large and remains open in all directions. However, this needs to be validated with traditional laboratory wet geochemical analysis that can also provide analysis for a wider range of metallic elements and a better geochemical context," says Chief Executive Patrick Cheetham.

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Versarien PLC - Cheltenham, England-based engineering materials company - Says preliminary results of Cementene trials indicate that 20% of Portland cement can be removed from Banagher's precast concrete mix when Cementene is added, while maintaining the compression strength of the concrete. Adds that results indicated that Cementene has potential to reduce CO2 emissions without impacting performance. "We are delighted with the results that have been achieved by Banagher utilising Versarien's Cementene. The use of Cementene has been demonstrated to offer a substantial environmental benefit at a cost we believe is competitive. We look forward to continuing to work with Banagher and, in due course, other concrete suppliers to role out Cementene enhanced concrete as soon as possible," says Chief Executive Stephen Hodge.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Feb 2022 19:37

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

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2 Feb 2022 12:49

Tekcapital investee to list products with Dick's, Best Buy Canada

(Sharecast News) - Intellectual property investment company Tekcapital announced on Wednesday that its portfolio company Lucyd had its Innovative Eyewear division approved by North American retailers Dick's Sporting Goods and Best Buy Canada.

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4 Jan 2022 17:23

Tekcapital investee achieves USD750,000 crowdfunding target

Tekcapital investee achieves USD750,000 crowdfunding target

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4 Jan 2022 11:28

Tekcapital investee MicroSalt closes $0.75m crowdfund

(Sharecast News) - Intellectual property investor Tekcapital announced on Tuesday that Salarius' US subsidiary MicroSalt has completed an oversubscribed Reg CF crowdfund, having achieved its goal of $0.75m.

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29 Dec 2021 09:31

IN BRIEF: Tekcapital's Salarius hires new CEO of MicroSalt arm in US

IN BRIEF: Tekcapital's Salarius hires new CEO of MicroSalt arm in US

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14 Dec 2021 21:50

IN BRIEF: Tekcapital's Lucyd files US IPO registration for subsidiary

IN BRIEF: Tekcapital's Lucyd files US IPO registration for subsidiary

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14 Dec 2021 15:44

Tekcapital portfolio subsidiary files for US IPO

(Sharecast News) - Tekcapital announced on Tuesday that Innovative Eyewear, a United States subsidiary of its portfolio company Lucyd, has filed with the US Securities and Exchange Commission (SEC) for a proposed initial public offering.

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9 Dec 2021 19:44

TRADING UPDATES: Porvair expects revenue hike; Xtract's new discovery

TRADING UPDATES: Porvair expects revenue hike; Xtract's new discovery

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5 Nov 2021 20:55

IN BRIEF: Tekcapital's Lucyd approved to sell products on Best Buy

IN BRIEF: Tekcapital's Lucyd approved to sell products on Best Buy

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3 Nov 2021 16:46

IN BRIEF: Tekcapital raises GBP3 million to develop investees

IN BRIEF: Tekcapital raises GBP3 million to develop investees

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3 Nov 2021 12:20

Tekcapital raises £3m to pour into portfolio companies

(Sharecast News) - Intellectual property investor Tekcapital has raised £3m, it announced on Wednesday, in a bid to "accelerate the growth" of its portfolio companies.

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3 Nov 2021 10:43

AIM WINNERS & LOSERS: Kodal Minerals takes full ownership of Bougouni

AIM WINNERS & LOSERS: Kodal Minerals takes full ownership of Bougouni

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19 Oct 2021 17:58

IN BRIEF: Tekcapital's Lucyd submits registration for US IPO

IN BRIEF: Tekcapital's Lucyd submits registration for US IPO

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14 Oct 2021 13:20

IN BRIEF: Tekcapital portfolio firm to benefit from FDA sodium goals

IN BRIEF: Tekcapital portfolio firm to benefit from FDA sodium goals

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14 Oct 2021 10:49

AIM WINNERS & LOSERS: Hurricane Energy shares rise on swing to profit

AIM WINNERS & LOSERS: Hurricane Energy shares rise on swing to profit

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