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BlackOak Alpha Growth Fund managed by the Group continues its Growth and Performance
Alpha Growth Plc (LSE: ALGW and OTCQB: ALPGF), a leading financial services specialist in the growing longevity asset class, is pleased to announce the results for the year-ended 31 December 2021 for its BlackOak Alpha Growth Fund (the "Fund") investing in Senior Life Settlements ("SLS").
The Fund in 2021, has seen significant positive inflows of investment, doubling its assets under management to ~$45 million and achieving a compounded annual growth rate (CAGR) of 112% since January 2020.
BOAGF AUM January 2020: ~$10m
BOAGF AUM January 2021: ~$22m
BOAGF AUM January 2022: ~$45m
Q4 2021 Operational Update
Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. ("GDC"), is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, is pleased to provide shareholders with a brief operations update for the fourth quarter of 2021.
SUMMARY
路 Sales: Average daily gross gas sales rate for the quarter of 5.3 MMscf/d (up 6.0% on Q3 21: 5.0 MMscf/d) of natural gas, plus gross 5,584 bbls (Q3 21: 3,800 bbls) condensate was shipped to customers.
路 Logbaba Performance: The field has been meeting the demand using two of the three wells at any one time, with Well La-108 alternating with Well La-107.
路 Matanda: Following the selection of a suitable wellsite to drill a vertical well into the Marula prospect on Government-owned, late-life plantation lands, stakeholder engagement continued, and the preparation of site access roads commenced.
路 Litigation: Certain of the non-monetary claims in the ICC arbitration with RSM Production Corporation ("RSM") have been settled consistent with the UNCITRAL arbitration settlement agreement, previously announced on 29 September 2021. The settled non-monetary claims resolve several prospective accounting issues.
The Board of Sabien Technology Group plc (AIM:SNT), a Company focused on a Green Aggregation Strategy, announces today that it has entered into a Memorandum of Understanding with Irish Renewable Fuels Ltd., ("IRF") in relation to a proposed reprocessing facility utilising the City Oil Field ("COF") plastic to oil technology to be established in the Republic of Ireland (the "MOU")
The key elements of the MoU are:
1. Sabien acting as sales agent on behalf of COF in the Republic of Ireland
2. b.grn Group Ltd, in which Sabien holds a minority equity position, is also a party to the MOU and is expected to participate as a development partner in the potential project
3. The customer, IRF, has an existing site and buildings in the Irish Midlands where it plans to install COF equipment
4. The MOU anticipates a formal contract will be entered into within the next year 12 months of the date of the MOU
Commenting on the MOU, Richard Parris, Executive Chairman, said:
"Sabien is delivering on its strategy of building a portfolio of operations which, in combination, provide critical elements of the transition to a Green Economy. I am pleased that this MOU extends the geographic reach of our activity on behalf of COF to include the Republic of Ireland. The site proposed by IRF is within an establish industrial complex that already has some key environment permits in place. IRF inform me that they are well placed to secure feedstock supply in sufficient volume to power multiple COF lines. I am excited that this proposed development has the potential to create the first operating COF facility in Europe. This will provide early agency commission revenues to Sabien".
Results from the world's first COVID-19 Characterisation Study
Data shows SARS-CoV-2 human challenge studies are safe in healthy young adults
Open Orphan plc (AIM: ORPH), a rapidly growing specialist contract research organisation (CRO) and world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces the results from the world's first COVID-19 characterisation study, which was a partnership between hVIVO, Imperial College London, the Vaccine Taskforce and Department of Health and Social Care (DHSC), and the Royal Free London NHS Foundation Trust. The results from this landmark study, show that a SARS-CoV-2 human challenge is safe in healthy young adults and provide detailed insights into the course of COVID-19 infection with potential positive public health implications.
As part of the characterisation study, researchers aimed to identify a dose of COVID-19 that caused a safe and reliable infection in unvaccinated volunteers with no prior SARS-CoV-2 infection. The results published today detail the outcome of the 36 healthy male and female volunteers aged 18-29 years which were infected with the original SARS-CoV-2 strain challenge virus. hVIVO clinicians closely monitored volunteers in a controlled quarantined setting and collected disease progression data to provide insights into COVID-19 infection. Volunteers will be followed up for 12 months after discharge from the quarantine facility.
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Lucyd Ltd ("Lucyd")
Innovative Eyewear Inc. Announces Expansion of Ecommerce Channels with Key Retailers
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve peoples lives, is pleased to announce that portfolio company Lucyd's, Innovative Eyewear Inc. subsidiary, has been approved by DICK's Sporting Goods庐 to provide its Lucyd Lyte庐 smart eyewear on dickssportinggoods.com and by BestBuy.ca to place its products on Best Buy's Canadian ecommerce site. Products will be available on both ecommerce platforms within the next 30 days.
DICK's Sporting Goods is the largest sporting goods retailer in the US and Best Buy庐 is one of the largest electronics retailers in North America.
Harrison Gross, CEO and cofounder of Innovative Eyewear, said "We are thrilled to launch our Lucyd Lyte products on Dicks.com and BestBuy.ca. We believe Lucyd Lyte eyewear is perfect for active lifestyles, since it allows you to enjoy music and calls handsfree without obstructing your hearing. We also believe it is a natural fit for those looking for the next big thing in fitness tech and/or eye protection from Dick's and Best Buy, two retailers whose influence over their respective markets cannot be overstated."
Cambridge Cognition wins 拢2.1 million contract to provide digital assessments for two neurodegenerative disease clinical trials
Cambridge Cognition Holdings Plc (AIM: COG), which develops and markets digital solutions to assess brain health, is pleased to announce that it has been awarded contracts worth 拢2.1 million to provide cognitive assessments, electronic diaries, and third-party hardware for two clinical trials in neurodegenerative disease. Revenue is expected over the next three financial years.
Neurodegenerative disease represents a major global medical need. If treatments are not developed soon, then it is estimated that more than 12 million Americans will be living with neurodegenerative diseases by 20501. Cognitive dysfunction is a hallmark of many neurodegenerative diseases and so sensitive and specific cognitive assessment are essential in developing effective treatments. With unrivalled use in over 2,500 peer-reviewed publications, Cambridge Cognition's digital cognitive assessments offer customers outstanding sensitivity and specificity.
A US biotechnology company that has worked with Cambridge Cognition previously is investigating the effect of a new drug in two neurodegenerative diseases. With some data being collected in clinic and further insights taken at home, these two clinical trials are being run in a hybrid or part-virtual manner.
Cambridge Cognition has been contracted to deliver both elements: providing gold-standard, computerized cognitive assessments (CANTABTM) for use in clinics, as well as daily tests of cognition and a patient diary to track other symptoms via a mobile app. This blend of in-clinic and at home monitoring can provide much more detailed insights into the development of disease over time and the efficacy of new pharmaceutical compounds. The electronic diaries for the trials are being provided using the Company's electronic Clinical Outcomes Assessment (eCOA) platform. The Company is also providing third party hardware for use in clinics and at home.
Intercede, the leading specialist in digital identities, credential management and secure mobility, is pleased to announce that it has successfully won a competitive bid to supply a new customer, a prestigious independent US Federal Agency.
The contract relates to the supply of Intercede's MyID credential management software to deploy digital identities to mobile devices in the form of derived PIV credentials, compliant with US government security standard FIPS 201 and SP800-157. The solution leverages Intercede's technology partnership with Microsoft, by delivering PKI credentials into Microsoft Intune managed smartphones enabling sensitive data protection and secure access to agency systems.
A purchase order has been received for an initial 20,000 devices plus associated Professional Services and Support & Maintenance totalling $0.5m, the majority of which will be recognised as revenue in the current financial year. The deployment has the potential to rollout to substantially more devices over time.
Intercede CEO Klaas van der Leest said:
"I am delighted that this leading Federal Agency has chosen MyID to meet their mobile security needs, demonstrating the ongoing relevance of MyID to provide the highest levels of security on a wide range of modern devices, a cornerstone of digital transformation and zero trust architectures."
The contract was included within the directors' expectations for the current financial year ending 31 March 2022.
Operational activities under the Ruvuma PSA in Tanzania, where Aminex owns a 25% carried working interest, have progressed under the supervision of operator ARA Petroleum Tanzania Limited ("APT"):
路 Seismic camp fully constructed, and the contractor Africa Geophysical Services Limited ("AGS") is completing the mobilisation of all necessary equipment to site, which is expected to be completed by mid-February;
路 Acquisition of the 338km2 3D seismic survey will commence upon full equipment mobilisation;
路 The 3D seismic survey is an integral step in progressing and de-risking the Ntorya gas discovery ahead of the drilling of the Chikumbi-1 ("CH-1") well;
路 The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field. Additionally, the survey will provide greater clarity of the potential upside of the discovery as identified by the operator APT, through a re-interpretation of the existing 2D seismic dataset. APT's revised mapping and internal management estimates suggest a risked prospective gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (gross basis, mean case), in multiple lobes to be tested, and a prospective, risked recoverable gas resource of 1,990 Bcf (gross basis, mean case); and
路 APT continue to progress with well planning for the CH-1 well with key contracting now being undertaken. The operator continues to target a Q3 2022
Update on Licence agreement with Proton Technologies Canada Inc.
The Board of Sabien Technology Group plc (AIM:SNT), a Company focused on a Green Aggregation Strategy, announces today that it has signed a Licence Agreement (the "Agreement") with Proton Technologies Canada Inc., ("Proton" or the "Licensor") in relation to a hydrogen processing licence within UK territories and an option over the construction and operation of a City Oil Field ("COF") facility located on Proton's site in Saskatchewan, Canada. This follows on from the signed Heads of Terms announced on 11 November 2021
Most of the Walvis basin is in deep water, Venus is ultra deep
The Aptian shale seal varies in depth throughout the region, only 4 wells drilled through the seal in the Walvis basin and 3 of which either found oil or oil shows
1911/15-1 (1990s) encountered three source rock
intervals and recovered oil from Albian carbonates
Wingat 1 - oil recovered to surface
Cormorant 1 - wet gas signatures
(indicative of oil)
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce the publication of a Podcast recording with Bluejay's Chief Executive Officer, Mr Bo M酶ller Stensgaard.
The Podcast discusses the exciting and unique opportunity that the Disko-Nuussuaq Project ("Disko") represents, and addresses enquiries that the Company has received regarding the project. Mr Stensgaard also highlights the history of the project, the data collated, including the modern interpretation techniques, along with the scale, size and correlation to what is believed to be Disko's closest comparable.
Here鈥檚 the drill rig still drilling
https://www.shiplocation.com/vessels/ENSCO-DS-10/CURRENT-POSITION/9698666