Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
88 Energy Ltd - Alaska-focused oil producer - Says the final condition related to the acquisition of the Umiat oil field is now complete, with cement work associated with plugging and abandoning of two historical wells at the field now executed. Notes wireline logging operations at the Merlin-1 well at its project Peregrine in the NPR-A region of the North Slope of Alaska are underway, with preliminary results expected over the weekend.
"The acquisition of the proven oil field at Umiat is a significant milestone for the company and its shareholders, particularly in the context of any discovery made at project Peregrine, where wireline logging is currently underway," says Managing Director Dave Wall.
Current stock price: 3.65 pence, up 30% on Wednesday
Year-to-date change: up sharply from 0.46p on December 31
wolves2211
I wasn't kicking and screaming, I was saying you was DE-RAMPING BRH big time, I do not believe a drop should not have happened based on the RNS, crazy it has dropped to this SP again, the is a lot of twisting going on, plus the likes of you DE-RAMPING, you sold out wanting to buy back, I would have loved if the price didn't drop and you had to buy higher.
Regulators in Britain have given the green light to 20-second COVID rapid tests, the product’s distributor revealed late on Friday.
The Medicines and Healthcare products Regulatory Agency (MHRA) approved the registration of the fully-recyclable product, which is provided by London-based firm Histate.
The rapid test, known as Virolens, has been piloted at Heathrow Airport and uses swabs of the cheeks instead of through the nose and tonsils.
The company said it was hoping for a wider rollout over the coming months after trials indicated that the test had 98.1% sensitivity, meaning it returns few false negatives, and 99.7% specificity, meaning few false positives.
Histate added that "these figures are derived from trial data provided to MHRA, however, we believe that in practice the accuracy figures will be significantly higher".
“British designed and built, this new test shows that the UK can continue to play a major part in the global fight against COVID-19 and help to get the world moving again,” Histate director Joss Bassett said.
“The speed of the test, alongside the vaccine rollout, brings a return to normality within tangible reach, making the reopening of the economy and tourism safer for everyone.”
The move provides a vital step in Boris Johnson’s roadmap out of lockdown as rapid tests could be used in airports, sports and concert venues and businesses.