RE: United Oil and Gas Plc Seek Farm out with BP13 Aug 2025 16:41
AIM - WINNERS
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Jangada Mines PLC, up 15% at 0.55 pence, 12-month range 0.40p-1.50p. The natural resources development company names a new chief executive that has had an "influential role" in the mining industry in Brazil, where the company has interests. Paulo Guimaraes Misk will lead Jangada with immediate effect. Misk will focus on "accelerating the advancement of the Paranaita gold project in Brazil's historically significant Alta Floresta - Juruena gold province". That province is located in the Mato Grosso state of Brazil, known for its gold deposits. Jangada adds: "Misk has played an influential role in shaping Brazil's mining sector through various institutional appointments." Misk has held a role in IBRAM, the Brazilian mining association, as well as the Vanitec international vanadium association and was formerly president of the Mining Companies of Bahia Association. Bahia is a Brazilian state that is also a major mining region. At a corporate level, Misk had held "senior roles" at miner Anglo American PLC and refractory products maker RHI Magnesita NV. Jangada says Executive Chair Brian McMaster will move to non-executive chair.
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United Oil & Gas PLC, up 13% at 0.18 pence, 12-month range 0.065p-0.38p. The oil and gas firm says it has "completed a substantial body of preparatory work" for an offshore technical programme at its 100%-owned Walton Morant licence in Jamaica. "This work positions United to move efficiently into the next operational phase within any optimal window," it adds. A "beach licence", needed for nearshore survey operations, is expected shortly.
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