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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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PetroTal Corp, up 12% at 41.00 pence, 12-month range 19.52p - 63.50p. Says that the Asociacion Indigena de Desarrollo y Conservacion de Bajo Puinahua has removed a river blockade, allowing oil barge transportation access in and out of the company's operating area. With the reopening of river access, the oil and gas firm's Brazilian export route is now available. Production ramp up will begin immediately and is expected to reach around 18,000 barrels of oil per day for the remained of 2022. Fourth quarter oil production levels are estimated to average between 8,500 and 9,500 bopd.
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AIM - LOSERS
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Thor Mining PLC, down 21% at 0.27 pence, 12-month range 0.26p - 1.00p. Returns anomalous gold and copper values associated with elsic and dacitic porphyry intrusions following drilling at the Euro Basalt at the Kelly's Prospect at its Ragged Range project in Western Australia. Says best intercepts are 8 metres at 1.31% copper and 0.1 grams per tonne of gold from four metres and 1 metres at 0.91 grams per tonne of gold from 40 metres. Adds that a previously reported drill hole which was reported to have returned 12.2 grams per tonne of gold was an erroneous results based on the laboratory making a sample swap with an internal standard. The assay is subsequently reported as less than 0.01 grams per tonne of gold. Managing Director Nicole Galloway Warland says: "Disappointingly, due to a testing error at the Bureau Veritas laboratory, the high-grade gold result announced in November was erroneous... These latest drill results are encouraging; however, further work is required to fully explain why the high-grade gold and copper in surface rock chips is not repeated in very shallow drill intersections."
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Libertine Holdings PLC, down 18% at 13.50 pence, 12-month range 12.00p - 42.00p. In the six months ended September 30, widens its pretax loss considerably to GBP1.8 million from GBP472,000 the previous year as administrative expenses jump to GBP2.0 million from GBP1.4 million year-on-year. Revenue multiplies to GBP648,000 from GBP64,000. Chief Executive Sam Cockerill says: "Over the period, we have continued to deliver on our commercial contracts, invest in our technology platform, strengthen our team and enhance our relationships with [original equipment manufacturers] and strategic partners. We look forward to providing further updates on commercial and technical progress over the coming months."
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By Heather Rydings, Alliance News senior economics reporter
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